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When we reflect on the original concept of the so called free market capitalist system, as initiated by early economic philosophers such as Adam Smith, we see that the original intent of a "market" was based around real, tangible, life supporting goods for trade. Adam Smith never fathomed that the most profitable economic sector on the planet would eventually be in the arena of financial trading or so called investment, where money itself is simply gained by the movement of other money in an arbitrary game which holds zero productive merit to society. Yet regardless of Smith's intent, the door for such seemingly anomalous advents was left wide open by one fundamental tenant of this theory; money is treated as a commodity in and of itself. Today in every economy of the world, regardless of the social system they claim, money is pursued for the sake of money and nothing else. The underlying idea which was mysteriously qualified by Adam Smith with his religious declaration |
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of the "invisible hand", is that the narrow self-interested pursuit of this fictional commodity will somehow magically manifest human and social well being and progress. The reality is that the monetary incentive interest, or what some have termed the "money sequence of value", has now completely decoupled from the foundational life interest, which could be termed the "life sequence of value". |
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