An Era of Abundance
If we could afford all out wants and needs, it means either our market value has gone up individually, or the general value of those desires have come down. Either way, we get more out of the deal which is what an abundance era presents.
The average household in present day society is riddled with a myriad of debt and financial obligations with little respite or a permanent reprieve for them. It isn't like resources are particularly scarce, as we are in the greatest abundance era in terms of production and productivity yields mankind has ever known.
Why then does it seem like there is a resource scarcity problem despite evidence to the contrary? The major issue lies in the effective allocation or the distribution of wealth which is one thing economists have pondered on for centuries.
For us, in our present age, I have come to better understand that such phenomenon are actually deliberately created in order to maintain a status quo and either prevent the society from revolting or from becoming too docile.
Dictators and budding dictators use this strategy very well in developing societies. There are active policies against known pathways to economic growth and development, preventing inclusive societies from being created.
Furthermore, the entire present system is structured in such a way that while it does benefit quite an amount of people if run properly, the system can be too easily manipulated by regulators and corrupt stakeholders, depriving a lot of people from what they could actually get.
Blockchain technology gives individuals greater leverage from what their society has to offer. In a decentralized economy powered by blockchain technology, it will be almost impossible for anyone to manipulate in order to favor a select group of persons.
At the individual level, we would definitely be better off if blockchain technology succeeds the current system. However, it is more difficult to imagine at a macro-economic level with crypto doomsayers predicting a collapse of the economy. That would be near impossible owing to the intrinsic value which the chain itself brings, along with an increasing arsenal of innovations and creations.
Conclusion
Crypto creates abundance in so many ways, and gives better credence to the distribution question while offering advancements in security, value addition and transparency. Soon some of the things we pay heavily for today will be powered almost for free on blockchain technology, creating abundance when it is not there.
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Scarcity is trained into people and if you ever wonder how rich or poor our society is just watch the commercials.
I don't often watch TV, but when I do, I am reminded we still have a lot of money to blow! :)
I do like the feeling of abundance that crypto has even on a terrible market day like to day.
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Markets notwithstanding...
Man has always lived in an age of abundance. Even in antiquity it only took people about two hours of work a day to get food and shelter ... which is pretty much where we are to day.
The ruling class has simply created devices to keep people under their foot.
Both the left and right use devices to hold the people down.
The idea of a free market held great promise. The ruling class created a corrupt financial system to stymie the free market.
The borrow, spend and tax policies advocated by Biden give this generation a feeling of freedom ... at the cost of enslaving our children.
Standing against financial corruption should be a primary aim of the people who want everyone to share in the age of abundance.
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Yes but i would push back and say it's not Biden that's creating that type of economy where our children are so far under debt they can't come up for air. There has always existed a plutocratic ruling class that pushes the idea of freedom much like you all do.
However this plutocracy lobbies and constantly creates laws that benefit them over the common good of every other citizen. it doesn't make sense to say the government is implementing these strategies and machinations. If you say the government is doing it as if the government is some big bad guy entity we can't put a finger on. No the government is composed of people that are intentionally making policies that serve them.
Now how do you find the people? It's easy those people are the people who benefit from the system. if there is any system where someone benefits those people want to keep that system as is. Same thing with hive and this platform. Anyone who favorably benefits will never evolve on this system. They will never ever want to change anything. THat's how you know who's responsible. You look at the benefactors.
If i'm part of the group who doesn't benefit and you're fighting for me. how is it possible then that you can keep winning that way. So i think you all got it backwards. The people who winning let's find out who those people are. They are the ones who will do all they can to kepe things as is. People getting richer living off the fat of the land don't do that, lol So this false idea of freedom and if we could only keep making our own money. No we not going to succeed that way. We only succeed when the rest of society catches up. They aren't catching up under any of you guys ideas and thoughts.
To be honest i didn't see anybody get richer under biden or trump. I saw the biggest wealth transfers to the richest people in teh world. THey got richer under trump? how in teh world did somehow things seem better to you under trump. That's total baloney and garbage. I"m not a biden fan but i'm smart enough to know he's more likely to help the common man than trump was. that is total baloney what you talking about.
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I mentioned Biden because he is the current face of the plutocracy.
My observation about Trump is that both Trump and Biden came to political age during LBJ's Great Society. I suspect that much of Trump's MAGA agenda was based on his views of LBJ.
Trump was unable to pass legislation. I suspect the main thing he wanted to do was to pass an infrastructure bill.
What is infrastructure ... in the political sphere "infrastructure" refers to costs that big business wants to externalize on to the public.
There has been an ongoing transfer of power from the people into the hands of the elite. It happens under both Democratic and Republican administrations.
Trump clearly did not have a solution to the problems of the day; However, I wouldn't describe Trump as the face of the problem simply because the system actively attacked Trump.
It is interesting is that the system actively defends Biden.
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I believe that is why the blockchain is so popular...even though we expect the ruling class to fight back
Crypto first empowers users over centralized entities and this is the big gain. With that in mind, any user can forge a financial destiny owning what he invested or gained.
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That's why I believe we won't ever let the ruling class sieze the narrative on this one. We actually have a system now that places users first
https://twitter.com/Natepow95247463/status/1470582286005551115
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Great Analysis, Crypto is so much bigger than just a financial instrument, its a serious revolution for those who catch on! It's mindblowing when you think about it.
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Imagine the ease of trade it facilitates between countries (especially developing ones) through platforms like Hive with transaction speed and low fees. It is just a facet better in every aspect than the current monetary system, the only thing that seems lacking for now is stability
I love what you just said, I learned more about global economics for everyday people which gave me an entirely new world view that you can't find in the U.S., I envy countries that do not have the extremely high cost of living, they are closer to independence through the blockchain.
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In this new erra, things are changing. Crypto currency are dominating everywhere. Through gamification and NFT.
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If cryptocurrencies were to replace the current economic system, it would be a strong change, abrupt but successful and very necessary, I know that many people will lose a lot of money and will fight to maintain an economic system that is about to die, but on the way cryptocurrencies will always win.
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I think the lot of them have already seen the light, it just begs the question of 'when' and 'how soon' for the changes to begin happening