If we look at the history of the current monetary system, we can see that everything came from the Barter system. A system that in its time, served efficiently to govern a primitive society.
After thousands of years of operation, the Barter system started to become inefficient. The need for trading multiple goods from multiple sources increased and our society was forced to seek an alternative. A method of compensation that allowed the exchange of products in a more practical form was necessary.
After a number of trials and attempts with different objects or products such as gems, oysters, wheat and rice, money was invented. It became a relatively common object or unit whose value could be used to exchange all kinds of products between different groups and communities.
In other words, a better system was thought, designed and created, roughly 3500 years ago.
But if we look at it in detail, we can see that the monetary concept of exchange, which is based on barter, is flawed and is in reality the principle of most social conflicts we see today in society.
Under the monetary system, there exists a condition in which the one who has more coins, has more purchasing power and therefore more influence on others and society.
This principle, mixed with the selfishness, the desire for power, control and the need for acquisition, self-improvement and survival (all natural human qualities) quickly produces a scenario where the person knows that in order to survive; accumulation of coins is the priority.
The problem is that to collect coins, they must be acquired from others and from society.
That is, for a person to acquire $1, another person must give it away. Similarly, to become a millionaire, a person must take and accumulate wealth at the expense of others and society.
This principle, applied globally for thousands of years is what has created huge social differences and injustices that we see today.
Judging by the current economic and social situation in which our civilization finds itself, it becomes increasingly obvious that a more efficient method of compensation is necessary, just like it occurred 3500 years ago.
Would it be possible to find a system of exchange that operates under different principles? Would it be possible to design a way in which a person can receive fair compensation for their work without having to take payment from another person?
We reached the Moon, Mars, decoded the human genome, invented the microprocessor, cellular telephony and the Internet, divided the atom and conquered the sound barrier. We are developing artificial intelligence, nanotechnology, we are exploring and beginning to understand quantum physics, we have the technological capability to achieve anything we set our minds to, but somehow we are unable to devise a better system to manage our society?
With the innovative potential and the level of human creativity, it is not possible that we continue to operate under systems as inefficient as the currently governing our society.
We have invented a monetary system in which all our goals are limited by a piece of paper, a precious stone or a false incentive. Unfortunately, the invention of money is also the invention of poverty and the vast majority of our problems.
We have created a system that limits our own evolution as a civilization we are totally controlled and we are dependent on a system that is above all and that is why we have failed to solve our problems and we will always be in conflict.
Economic models, social reforms, new technologies, infrastructure, housing, medicine, education and food, are all without exception, limited by the amount of money which is available, and while that reality remains true, all solutions will be insufficient or short stay solve the problems of humanity.
As Albert Einstein once said, “you cannot solve a problem with the same kind of thinking that created it.”
We cannot continue trying to implement solutions that in turn depend on the cause of the problem. we cannot continue trying to resolve our problems by implement solutions that in turn, depend on the system that created them in the first place.
If we really want to solve the problems of this world we must focus on the root of the problem rather than the causes. We need to re-invent the concept of money and the system of compensation. Design solutions and create more efficient alternatives.
Solutions to global scale problems, require global scale research.
