A crash course in changing the world.
Hillmar Kopper a, in my opinion, infamous manager, formerly chief executive of the Deutsche Bank AG, called liablitites of 50 million D-Mark, peanuts.
Peanuts...
Meaning that this is not a noteworthy amount of money. This incident occured in 1994. As I heard of that I just had two questions in mind: What is the value of money? If 50.000.000 D-Mark are peanuts, do we need money at all?
Today I know:
We need money.
But a traditional approach to money will not work infinetly.
We do need a symbolic representation for labour force, technological advancement, time, and a lot of other things - whatever money stands for - but this representation should be more in touch with reality or something real than money is today.Something like an approach I remember (I think it was one of the 25 creative money solutions) This idea replaces money by energy and a wallet by a battery. Maybe not feasible but generally a good thought.
Of course you will need banks and comparable institutions which provide (not necessarily store) money. But the process of cash generation and the concept of interest have to be changed (maybe just restricted).
On the one hand, we have the problem that noone really understands how money flows, and how much money exists - virtual and real. We lack control. We means institutuions like banks and states, companies and users.
On the other there are a lot of people who are not able to work with the concept of money. They have neither awareness, nor knowledge how money can (and should) be used. In India I met women who started their first bank account with the age of 50 .
Today I do not think that money has to be something you can touch (at least in western europe) but I think it is more important that you know WHAT is it worth and WHY.
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