Time and freedom are the two main good humans strive for. While working, humans are spending time and freedom to exchange it for money to be used at any time. That is how money became freedom, but only if it can provide the same value in any period of time.
However, modern socio-economic circumstances do not show such trend especially after the term MONEY has become a synonym for a term CURRENCY; a vast majority of modern paper currencies which are based in US dollar (also currency only and not money) do not have the same value in time of creation and time of spending. In other words REAL and NOMINAL values of currencies are always depreciated in the time of spending, due to constant deflation processes where states try to correct those negative cycles with currency printing. Currency printing results in INFLATION, after which deflation tools again are being used to mend the situation, which obviously cannot be mend in such way.
And the currencies, by order of Central bank(s) are being print to revive the economy from the new, unnecessary debt that cannot be returned because of the debt origin. The reason for this lays in the fact that new age value (Time, Freedom & subsequently Money) can also be created from non-existing base or what we call “currency printing” or producing FIAT currencies.
This is why many independent and “cornered” economists advocate for new economic measuring systems whereas one of the thesis would be that economies being supported with fiat currencies are economies of never ending debt.
US dollar has lost 95% of its value since 1913 which is also the year FED has been established as a private banking corporation steering the dollar matter. Such concept of “private overtaking” will become reality throughout 20th and 21st century, when a huge number of Central banks, belonging to different countries, were forced (economically or in the end by pysical force) to surrender their currency integrity (and major political decisions) to regional/continental unions, very similar to country looking-like systems and super-governments which are everything but the countries, such as European Union.
In fact there is not a single theorist who can explain truly what EU is, how leaders among delegates are being elected, to whom those delegates report, etc. especially after this super-government is enforced with no constitution and with no ability to be same among equals or to have its own opinion. These super-governments have erased the territorial borders of the states, in addition to taking away the monetary and legislative power, and thus the independence in all of its interpretations.
As a digression, it is important to say that a country is characterized with its territory and capital; without those, a country could not be established or existing.
Based in the definition of globalization, the super-governments or those individuals representing them have given the right to themselves to cancel the territorial borders aiming to empower the private capital owners and slowly but surely releasing the states from their own duties.
Globalization as the new economic religion framework of the imperialism which is surely empowering the corporative establishment is an experiment which will surely have a great impact on the change of human and economic conscience; either states will become corporations, or corporations will become states. Seems like countries are being privatized. It is rather interesting that Karl Marx some 50 years ago explained this process by saying that capitalism will fail due to neglection of social ethics.
Where are the borders of capital in globalism? Who protects these borders? Is regionalization actually transformation of national, Geo-political states into corporative regions? Are the corporate leaders also partial state owners? What is the role of the government as we know in the new society?
Either as a consequence of privatization or full capitalistic establishment, modern government representatives take a new role which is to protect private capital without which the states cannot function anymore; instead of being perceived as the investor and creator of the economy, the government officials negotiate internally and externally on behalf of private capital owners in every possible sense.
As easy as this, one can conclude that what we used to know as countries do not exist any more, as governments have surrendered their sovereignty, independence and capital to superficial organizations with no possibility of getting those back. So where we live today?