Frederick Bott
3 min readJun 4, 2023

--

Hehe, sorry I know it is a head bashing when we first try to get our heads around it - it took me long enough, I was at one time one of the worst capitalists you could ever meet. The key point is that the sun asks nothing in return. If you happen to be a lawyer, at heart or otherwise, maybe it would help to think of it as a kind of contract with the sun: By accepting any energy from it at all, we are signing a kind of contract, to take what it gives us, asking nothing in return, only that we pass it on, asking nothing in return, the way plants do.

The only way we can distribute it to all humans is by money. Notice money buys energy in markets. So money is exchangeable for energy, it is the same energy transport mechanism as we each use to power our bodies, exchanged for the energy in food, we each need at least 150 Joules per second 24/7, to stay alive.

Not honoring the contract, by not distributing the energy which we received from the sun, with nothing asked in return, has to result in problems.

Money issued as debt always requires work in return. This is work that can't be redeemed, when the energy is from the sun - it requires no effort of extraction.

We are like a plant, that refuses to issue nutrients to the tissues of its own body, after its first leaves formed - if the plant carried on doing that, it would die, and so will we as a species, if we can't get to distributing the energy to all needing it, by the only means we know of distributing the energy, which is by issue of money.

Does that make more sense?

On whether or not good things will be done with massive stimulus, look to what happened during covid, when massive stimulus was issued. Oil went negatively priced, the first and only time ever. Before that, we could have bet any amount of money on that being impossible, it really was a kind of miracle, which has since been hushed up by mainstream news, owned by guess who.

When we dig into events around that time, we see also that the environment made some recovery that mainstream scientists said was impossible, recovery of coral - they thought that was impossible also, but it happened, just then.

What was happening, was that folk were trading in the markets with their free money, they swamped the markets, and the traditional whale investors including Warren Buffet fled the markets claiming "something had gone wrong with money". I distincly remember seeing that headline back then, because I was looking, studying what was going on, but look now we can't find it, as if it never happened. I also remember reading that some laws in the US were changed, to allow trading in bankrupt stocks to continue, because that was the only trading still going on.

What people were buying was everything that seemed to be going bankrupt, that they recognised as being valuable to them, like cars for hire (Hertz was rescued from bankruptcy), cruises on ships - they were buying bankrupt shares, not caring if they lost their money or made profit on it, because they had the security of knowing there was more where it came from, for free.

That was pure fine-grained democracy, maybe the only time we saw it in history, folk were voting with their free money, the same way as the rich have always voted with effectively free money (For them), and they didn't vote for oil, so it went negative, showing what people really felt about oil, it seems to me.

--

--

Frederick Bott
Frederick Bott

No responses yet