DESTINATION: DESERT ISLAND
By Mauro Marturano
Work, in a perfect world, is the only parameter that should give money its value. Money measures the value of things, takes on the value of what it measures, and can be exchanged, being also a medium.
What has happened (or, rather, what they've made happen) is that money has come to exceed (many times over) the actual value of real wealth, meaning goods and services. This has caused and will keep causing high inflation, i.e. rising prices: in this context goods have grown and are growing in value, and at the same time we're seeing monetary devaluation, meaning money loses value every single day.
If you give people a monetary income value, what we today call universal basic income (or universal income, once they've destroyed global production), nobody works anymore. But if nobody works anymore, money loses the object it measures (labor) and loses the value it derives from that object.
If to this structural dynamic (how many years have we been talking about basic income in Italy, or universal income worldwide?) we add events/processes that have made physical goods disappear...
If the trend doesn't change, and I have no reason to think it will, we'll end up with an economic world comparable to a desert island, where there'll be nothing to trade and where money will have no value at all.
The trend won't change because the power to create money is the single most important instrument of control in this cycle.
To perpetuate this power, very soon we'll arrive at a change in the unit of measure of things.