Wealth flow. Open Loop, or Closed Loop?
Digging deeper into the Ourobouros
This story builds on concepts covered in some earlier stories:
There, we saw how the symbol of the Ourobouros can be thought of as representing humanity, consuming itself.
In the second story above, a theoretical Engineering method of wealth flow analysis, underpinning the viability and practicality of wealth flow due to the new paradigm of free money is given.
Thinking further along those tracks, the Ouroboros actually also represents a form of feedback loop.
Similarly, our economy can be thought of as a feedback loop, where something in return is always expected in return for all outlays, by conventional economics.
When nothing else is available to be given in exchange for an outlay of any kind, promises, or debts are accepted instead.
Both parties involved in these two-way transactions have the same mutual interest.
Both should realise they each have a common, shared interest, to add value to our shared world, in order that we, and all others can benefit.
But, by all outlaying parties always expecting direct returns, very little value relative to the amounts exchanged can escape from the closed loop which is formed, with the result that the world in general gains very little from these closed loop transactions, if not even losing value.
This is actually not in the interests of any party.
By each individual consuming at the expense of other(s), humanity is eating itself, just like the Ouroboros.
The reason we have this closed loop, is perhaps because there has never been any acknowledgement of the things gifted to every individual, and to our collective by nature, every day, which enables us to create value, and pass it on to empower others without expecting anything in return.
We seem to mistakenly think that what we have at our personal disposal, our power, belongs to us personally, like children, or animals playing amongst one another, fighting over sweets or scraps of food.
And yet we are mortals, we have only a limited time on this Earth, equipped with our unique, adult human intelligence to add value.
Everything available to us is gifted to us, on loan, by nature, and by our ancestors and forebears.
We have a duty to do the best we can with it, towards adding value to our world, not only for ourselves, but for all others existing in it, both now and in the future.
Doing that makes us happy, as by that, we fulfill our true function, our purpose in life.
All of our power comes from the sun, which empowers all of nature, for nothing in return.
The economic action of nature, as affects us, is completely open loop.
Our flawed human economic feedback loop has to be opened to reflect that natural action, in order to release the incredible wealth we are capable of generating as a united, networked species working in harmony with our world.
Most things in nature collaborate to mutually share the energy of sunlight, with spectacular results.
In truth, there is no reason at all that money issuing authorities should expect anything in return at all.
It is their duty to give that to us.
Taken to conclusion, it can even be automated, for all individuals and organisations:
