Money or Value?

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Money or Value?

I've been trying to reconcile different perspectives on money, and valuation of hitherto un-monetarily valuated work.

Perhaps babblers can offer some useful feedback.

Authors like Marilyn Waring have been interpreted to advocate valuating housework and environmental services monetarily.  In the end, however, Waring 'caught a glimpse' of an economic system that was fundamentally based in numbers which had real-life meaning- such as numbers of wild fish species and proportions of children eating adequately.

I'm not sure if at this point we want to impute monetary values to housework and the environment, because the monetary system is so overwhelmingly manipulated.  While bankers have the ability to create money and debt exponentially, all that is priced falls under their direct control, for destruction.

It could be argued that bankers already have control over homes and the environment, so putting prices on housework and environmental services would at least give those elements some recognition.

However, even from simply a tactical point of view, it makes sense to withhold pricing some elements as resistance, as advocacy; to say, for example, ' we will not allow pricing of these environmental services until bankers' power to create money is eliminated.'

Still, society has decided some elements of nature should never be priced; human beings for example.

Are not wild ecosystems, water, air and other elements as precious as human beings?

Even if banks were prohibited from creating money out of thin air for their own profit, even if interest/usury was banned, even if biblical jubillee occurred and full national and personal debt was eradicated, even if money was simply a means of exchange, it would still be a tool of power for those who devised ways of accumulating it.

Perhaps at this time we need to clarify local and national and international systems of IOUs that have nothing to do with money.  Accounts can be based instead on direct numbers which reflect levels of groundwater, good food supplies, etc.  The goal of the system is not marketing and trade, nor accumulation of means of exchange. 

The goal is to evaluate.









"Perhaps babblers can offer some useful feedback"

I may have to look to authors.


"it would still be a tool of power for those who devised ways of accumulating it."

measurements of physical resources are less easily hidden.

inequities would be more obvious, enabling participation in evaluation and redistribution .


Currently, learned commentators debate on whether there is inflation or deflation, based on numbers which are created from within a system where the means to create the numbers is privatized and the reporting of capital, assets, liabilities, 'credit' and 'debt' is privatized and based on transactions which are private and inaccessible to any public authorities.  Even in the case of outright fraud the books aren't fully opened.  Yet financiers continue to function, pre-bankruptcy and post-bankruptcy, and continue to run the system.

because they can start all over again and create money from nothing.

The transition away from a money-based system needs to address the money-creation issue.  governments which create money fully and directly can buy back national resources, once investor-rights 'trade' agreements have been annulled.  At the same time alternative accounts that measure real eco-nomic elements need to be developed, including a more accurate long-form census, that measures all the elements of housework and earth's work.

I'm not sure how to set up an exchange program based on alternative accounting yet. LETS systems maybe, based on exchange of time perhaps,but LETS systems don't deal with measuring the work of non-human creatures and ecosystems.

guess the well-being indices projects are a separate issue. we don't want to be trading around ecological services in any case- those are best done where they exist in the first place. 

measurement of valued levels of ecosystem and human well-being is one thing.

exchange of time spent in human work is another, a subject for LETS nationally or internationally.

for the latter, time (an hour for an hour) is exchanged rather than a dollar for an hour.

it's still difficult to reconcile this with the nonsense of the current financial system