Frederick Bott
3 min readDec 28, 2021

--

Thanks for posting this, it is a cool story with folk doing some real thinking about how to put things right.

But for me the source of the problem is all analyses of pure financial economics missing something crucial; Energy, and how it affects all things.

(Sorry for going into detail here:...)

The source of where we get our energy from, is critical to the effects or our existence, it seems to me.

All energy already in, or on Earth is part of capital.

Even though we treat the total capital on Earth as something fixed, it is actually an increasing quantity of energy in terms of Joules, and all of it comes from the sun.

Now we know that we are at least partially connected to the sun, and are putting to use live Joules of energy coming from the sun, and yet still we treat the capital base as fixed, something constant.

At some point, to make things accurate (And honest?), we have to include the Joules being received from the sun, as being added to the base of capital.

But that destroys the meaning of capital, because the part being added will quickly outweigh the constant part.

But those Joules are being put to use nonetheless.

The full implication of that is, that since those Joules were received for free from the sun, all proceeds from them should also be for free.

We should be issuing free stimulus, issued to all people, for every Joule of energy received from the sun, which is put to use in our economy.

By not doing that, we are not honoring the "Austrian Economics" fundamental principle, of all money issued representing product, and vice-versa.

The product is free energy from the sun, but still it is thought of as something to be scarcified, to be made a profit from, but that is an implicit lie, which we are ignoring, by our way of dealing with economics, without considering energy.

Acknowledging this, by the controlling "Authorities", would be the technical end of capitalism, but the start of something new, that we might call "Energyism".

But by that, the authorities would be giving up all capability of remaining in power, due to their main ability to exert pain / scarcity enforcement; capital, being rendered valueless.

So of course they will never even talk about it, far less admit it.

But soon, that will be the only option, as money representing capital which doesn't really physically exist, continues to slide in value, more and more people around the world are finding it impossible to remain solvent, both personally and in business, more and more will demand free money to be given, and it will have to be given.

To retain any value in the money of the future, it will be necessary in currency markets to measure all things in terms of Joules, rather than in Oz gold.

So we'll see a new energy standard for money, in Joules per token currency.

That makes a pretty big difference to all things, I think.

--

--

Frederick Bott
Frederick Bott

Responses (1)