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Business/Finance See other Business/Finance Articles Title: Alan Watts: Money & Social Conformity [+ Money, Gold, Technology & Jobs] 9.5 minutes: Excerpts from an article on that commentary at thesocietypages.org [On the False Idea that Money is a Resource], debated in the Comment section there: All this is fine but, all too often, the clocks and the rulers come to seem more real than the nature that is being measured. For example, he says, we might think that the sun is rising because it’s 6AM when, of course, the sun will rise independently of our measures. It’s as if our clocks rule the universe instead of vice versa. He uses these observations to make a comment about wealth and poverty. Money, he reminds us, isn’t real. It’s an invented measure. A dollar is no different than a minute or an inch. It is used to measure prosperity, but it doesn’t create prosperity any more than 6AM makes the sun rise or a ruler gives things inches. When there is a crisis — an economic depression or a natural disaster, for example — we may want to fix it, but end up asking ourselves “Where’s the money going to come from?” This is exactly the same mistake that we make, Watts argues, when we think that the sun rises because it’s 6AM. He says: So, you remember the Great Depression when there was a slump? And what did we have a slump of? Money. There was no less wealth, no less energy, no less raw materials than there were before. But it’s like you came to work on building a house one day and they said, “Sorry, you can’t build this house today, no inches.” “What do you mean no inches?” “Just inches! We don’t mean that… we’ve got inches of lumber, yes, we’ve got inches of metal, we’ve even got tape measures, but there’s a slump in inches as such.” And people are that crazy! This is backward thinking, he says. It is allowing money to rule things when, in reality, it’s just a measure. Published on Sep 20, 2013 by AMP3083 Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3.
#3. To: GreyLmist (#0)
Good explanation of money which is a primitive bookkeeping entry for keeping track of wealth production. Redundant in a cyber age.
There are no replies to Comment # 3. End Trace Mode for Comment # 3.
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