ADSactly on ADSACTLY - Part #59
Creating Value - Part 7
In the last six sequels we wrote about the early beginnings of creating values, continued with the rise of craftsmen, explorers and merchants. We explained the importance of the first manual machines and how it all led to industrialization, continued with how oil exploitation business reached its heights and we ended with the birth of corporations. Today we'll continue further. If you haven't read the first six parts, please find them here:
ADSactly - Creating value Part 1
ADSactly - Creating value Part 2
ADSactly - Creating value Part 3
ADSactly - Creating value Part 4
ADSactly - Creating value Part 5
ADSactly - Creating value Part 6
As corporations grew into monsters, finances and connected services became more and more important. On such a huge scale, even small differences in the price of a single item leads to huge profits or looses. The new breed is born. People started buying and selling companies, creating financial products and offering their services to the widest part of the solvent population as possible. Money stopped being the means and became the product. Money starts making money in the most literate sense.
The rulers of the new age of value creation became financial institutions. They soon outgrew even the corporations that helped them come to spotlight. Huge financial institutions became so important for the government that it is not even possible to allow them to go bankrupt. If 'something happens to a giant' the government jumps in to save the day. It would take more than an article to go deeper into the system of how it's done. If we simplify the process down to the bone, two things can be done to save a giant whose fall might take down the entire state economy.
a) spend extra money from the state budget (your money)
b) print more money
Since there are no more gold or silver standards, federal reserves are free to print as much as they need without de-valuating it. This is their prefered option because the other one rings a loud vibe of incompetence, right?
Isn't it great for them? :D
Source
When it comes to bitcoin, for ecxample, one cannot print more when one wants or needs more. The amounts are set in stone. Also, strong government intervention in the matters of the economy does not go along with free market nor principles of western democracy. Yet, it happens. Grand scale operations are often more invisible than the small ones.
The rise of financial institution bred a whole new social level of people. Financial people (bankers, advisors, brokers...) are the new people of value in our time. They live their fast pace lives in numbers, stocks and bonuses one can hardly imagine, having little concern for a little man and his problems. However, they, as a group, take a giant portion of all newly created value in the world.
They leech on all other businesses and, as a consequence, become rich without creating any real-world value. However, the amount of perceived value they create for themselves is bordering unbelievable. How do they do it? Transactions, loans, buying and selling stocks, creating options, derivatives and a myriad of other systems that are in reality nothing else but perfectly legal scams allowing the 'house' to always win. All others may win or lose, it matters not to them, as long as the wheels are turning.
Do you think that existing financial system can be replaced with blockchain controlled systems independent from governments? What would it do? Is it worth it? Do you participate in the crypto revolution? Do you believe in breaking free from financial shackles of bankers?
Are we ready for a brave new world?
Let us know what you think about it!
To be continued...
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ADSactly on ADSACTLY - Part # 1 Open-Value Network / Co-opoly
ADSactly on ADSACTLY - Part # 2 Do-ocracy / Value Network
ADSactly on ADSACTLY - Part # 3 Open Stewardship
ADSactly on ADSACTLY - Part # 4 Society's Value Contribution System
ADSactly on ADSACTLY - Part # 5 The Value of Our Time
ADSactly on ADSACTLY - Part # 6 Cooperation and fair benefits
ADSactly on ADSACTLY - Part # 7 Support local production
ADSactly on ADSACTLY - Part # 8 Cooperation vs Competition
ADSactly on ADSACTLY - Part # 9 Sustainable Social Model
ADSactly on ADSACTLY - Part # 10 Blockchain Technology
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ADSactly on ADSACTLY - Part # 12 The Importance of Bitcoin
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ADSactly on ADSACTLY - Part # 25 Full Stack Startup
ADSactly on ADSACTLY - Part # 26 Artificial Intelligence Government Pt. I
ADSactly on ADSACTLY - Part # 27 Artificial Intelligence Government Pt. II
ADSactly on ADSACTLY - Part # 28 ADSactly Steemit Blog
ADSactly on ADSACTLY - Part # 29 The Future Of Crypto
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ADSactly on ADSACTLY - Part # 37 ADSactly - Centralized System vs. You
ADSactly on ADSACTLY - Part # 38 ADSactly - Taxation of Crypto - Part #1
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ADSactly on ADSACTLY - Part # 40 ADSactly - Cryptocurrency Trading General Advice
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ADSactly on ADSACTLY - Part # 44 ADSactly - MASTERNODES - A new vision for the blockchain (#1)
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ADSactly on ADSACTLY - Part # 46 ADSactly - Producers and Others
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ADSactly on ADSACTLY - Part # 52 ADSactly - Can Blockchain Systems Provide Both Security and Privacy?
ADSactly on ADSACTLY - Part # 53 ADSactly - Creating Value Part 1
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ADSactly on ADSACTLY - Part # 58 ADSactly - Creating Value Part 6
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