The false symbols of Freedom
Time and freedom have become the most sought-after assets in the post-corporate era. In the workplace, individuals trade their time and freedom in exchange for stored value; the value they can count on equivalently today and in the future. This economic narrative has transformed the present earnings into a symbol of future freedom, and most commonly we call those earnings simply – the money. “How much money you earn?”, we would often hear but the right way to ask it would be how much currency you earn. There is a huge difference between money and currency and if you would like to understand the difference between money and currency, please check out this video by Mike Malone – The hidden secrets of money – Money vs. Currency.
In short, unlike money, the currency fails to maintain consistent value between the time of their creation and the time they are spent. In other words, the real and nominal values of the currency is inevitably diminished by the time its used.
This is largely due to ongoing deflationary cycles, where governments attempt to counteract economic downturns by printing additional currency. However, this practice leads to inflation, which is then followed by further deflationary measures in an endless and ineffective cycle that fails to provide a sustainable solution and leads to inevitable monetary crash.
Currencies are printed under the directives of central banks in an effort to revive economies burdened by freshly printed, unnecessary debt—debt that cannot be repaid because of its flawed origin. This issue stems from the modern economic paradigm where new-age values such as time, freedom, and by extension, currency, are artificially created from nothing. This process, commonly referred to as “quantitative easing” or the production of fiat currencies, generates value without a tangible foundation, perpetuating the cycle of economic instability.
This is why many independent and marginalized economists advocate for the adoption of new economic measurement systems trying to save our true symbols of freedom. One of their key arguments is that economies reliant on fiat currencies inherently operate as systems of perpetual debt, driven by an endless cycle of borrowing and repayment
Who is robbing people of freedom?
The US dollar has lost over 95% of its value since 1913, the year the Federal Reserve (FED) was established as a private banking corporation to oversee dollar-related matters. This model of “private control” became increasingly prevalent throughout the 20th and 21st centuries, as numerous central banks across the globe were compelled—either through economic pressure or, in some cases, physical force—to relinquish their monetary sovereignty. Many of these nations transferred control of their currency and key political decisions to regional or continental unions resembling quasi-national systems or super-governments, such as the European Union, which operate as entities distinct from traditional nation-states.
In reality, there is no single theorist who can definitively explain what the European Union (EU) truly represents, how its leaders among delegates are elected, or to whom these delegates are accountable. This lack of clarity is particularly concerning given that this super-government operates without a formal constitution and without ensuring that member countries are treated as equals or allowed to voice independent opinions. These super-governments have not only erased the territorial borders of individual states but have also stripped them of monetary and legislative authority, effectively undermining their sovereignty in every sense of the term.
As a digression, it is important to say that a country is characterized with its territory, people and the state capital; without those, a country could not be established or existing. It would become a corporation.
Are countries being privatized?
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 and capital. The states do not posses capital anymore and must take loans from various international financial institutions to continue with regular administrative duties with no ability to return those loans.
Globalization as the new economic religion framework of the globalism, imperialism and neocolonialism, 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. Is there a countries privatization cycle going on? 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, geopolitical states into the corporative regions? Are the corporate leaders also partial state owners? What is the role of the government as we know in the new society?
As a result of privatization or the full entrenchment of capitalist systems, modern government representatives have assumed a new role—serving as protectors of private capital, upon which states have become increasingly dependent or even blackmailed for their functionality. Rather than being seen as investors and creators of economic growth, governments now primarily act as intermediaries, negotiating both domestically and internationally on behalf of private capital owners in virtually every aspect of governance and policy, regardless of any potential hazard those actions might have on the nationals living in the country.
Conclusion
It becomes evident that what we once understood that sovereign states no longer exist, as governments have relinquished their independence, sovereignty, and control over capital to superficial organizations with no realistic path to reclaiming them. This raises the question: in what type of establishment do we truly live today?
This has been speculating for years since the invention of the word Billionaires or Millionaires. I believe we had lived in a big brother society like in Brave New World by Aldous Huxley a very dystopian social science world…