Last week Mark Zuckerberg made an adjustment to the News section of Facebook, vowing to have personal interaction reclaim the lead in Facebook activity.
He said that he realised as a father he wanted his children to remember him for doing something that was good for humanity.
The share price of Facebook dropped that day.
Businesses are evaluating what this means to their fiscal bottom line.
Ethics is an idea, just as money is.
Ethics are ideas about morality and values; the why, the way and the how of what we do and don’t do.
Money is an idea of how to enable the exchange of things of value.
Both could be compatible, if only we could recognise one fact – that money itself has no value.
Money’s real value lies in human creativity and service and in the materials, that we need and desire, not the money itself.
Yet, through ‘cleverness’, though not necessarily ethical, financial experts (mainly bankers) created the means to make money from money, through sophisticated financial instruments and other means.
Making money from money was never intended in the original design of the monetary system.
Originally and still mainly, the system was designed as a medium of exchange for value.
The ultimately dumb idea, of creating money from money (no real value there), began the end game we are watching now:
- Irredeemable global debt.
- All money emanating from the central banking system is created as debt, with no underlying asset backing.
- The gradual and continuous devaluing of any unit of central banking currency, as more are printed without asset backing.
- The temporary rise (in my opinion) of cryptocurrency, borne of the realisation that centralised currencies are not working in equity, primarily favouring the issuing banks, then governments, and rarely the borrowers.
- The growing realisation that the global central banking system is in fact a Ponzi scheme, that appears to have been deliberately morphed in design to take control of global assets by the owners of the systems.
At some point ethics needs to reassert itself, which can only be done by all of us, together.
There are cures for the global debt and the broken monetary system, but that requires courage, better practice and learning, which are the opposite to what has caused the situation – fear, bad habits and ignorance.
Do we have the courage to have a global event of complete debt forgiveness?
Could those of us with more ‘money’ or perceived ‘current asset value’ have the courage to write down those values in line with the global debt forgiveness?
Could we have the courage for better practice – ban the practice of merely making money from money?
Could we learn to create, in these times of technological capability and growing environmental challenges, a better system of exchange, other than money?
For instance, isn’t it time we measured value the way nature does – in units of real energy – energy from the sun?
We could value services and products by the amount of energy needed to bring them to the end user.
These ideas are not just mine, nor are they new.
They’ve just not been exploited through fear, bad habits and ignorance.
I’m not advocating ‘war on money’.
I’m advocating for harmony between global ethics and a global value exchange system that is sustainable.
Money, as it is today, is certainly not sustainable, and it feels as though ethics is in a perilous state too.
What do you think?