Frederick Bott
3 min readJun 8, 2022

--

Jared, again you (And they) missed the fundamental reason why this won't and can't happen, though you touched on it; energy.

They can have all the wet dreams they like about this, and we can have all the nightmares, but follow the energy and we'll find quickly serfdom 2.0 isn't physically possible.

The fundamental reason is that in order to enforce scarcity of anything, the enforcers need to be in control of the means of production.

The essential ingredient for production / creation of anything is energy.

As long as energy can only be obtained from scarce physical resources (fuel), those resources are easily taken control of.

But now we are seeing those resources being no longer safely usable, every kilo processed for energy creates more deadly pollution, which is building up in the pollution-closed box of the global environment, with effects rising exponentially.

In effect fuel, produced by nature is no longer usable.

So we are progressively plugging into the sun, the only actual source of energy, the energy of which also happens to be distributed by nature, and non-physical, at least until after it is received.

Now we can see using technology we can convert that freely received energy interchangeably to food, fuel, and money. Notice the similarity with the action of trees in nature (money serves the purpose of nutrients).

All of these things are becoming more and more widespread, even the Chinese government is having trouble retaining control of it (That was why they kicked out the Bitcoin miners).

Now it is only a matter of time until the economists declare that in order for the maths to stack up, we are going to have to declare that solar product as something that has to be monetised.

Until then, it is nascent un-monetised product credit, which when stimulus is issued, can be backed by it. It provides actual physical backing to money issued.

We saw this when almost $4Tn per month stimulus was issued in US, oil prices went negative, the dollar value went up, and traditional icons of capital like gold, went down (Who needs to save, if we all have free money), and a stack of other beneficial results, in fact there we saw ordinary people empowered to have the same power of voting with money that rich folk have always had.

Warren Buffet fled the market at that time, claiming "Something had gone wrong with money", and US court rules were changed to allow folk to carry on rescuing bankrupt but still loved companies via purchase of their bankrupt shares.

The establishment almost lost control of their ability to control scarcity right there, and we saw the first ever glimpse of pure fine-grained democracy, and the future.

That was the real reason the establishment fell out with the orange menace, he almos blew the cover off of how scarcity enforcement can be broken forever.

Now there is coming soon a time when all people will demand free money, knowing what we know, and knowing that the maintenance of value in capital is physically unsustainable.

The banks and money issuers will have to admit this, sooner or later, when tens of millions of people in every country demand it, to keep food on their tables, and a roof over their heads, and when one country does it, all others will follow in competition, since that will be the only way to maintain the market prices of their currencies.

The reason why we won't own anything is because we won't have to, with endless free money.

Even better, the rent seekers won't have to seek rent, taxes will not need to be taken, criminals will not have to commit crime, and we won't have to work, or shoot people to defend our stash, or take theirs, if we don't want to.

Sorry if that removes any utility from your story, I know you have lots of others that do really well :)

This helps to understand, I think:

https://eric-bott.medium.com/the-reason-why-degrowth-is-not-what-is-needed-4416025899a2

--

--

Frederick Bott
Frederick Bott

Responses (2)