Money Is Political, Not Technical

[samputin]

is it true that money is a political tool and the goal of political victory? whereas the purpose of creating money is to make transactions easier for humans.
but I agree on that. from ancient times money was used to finance war, the conversion of European money into dollars, and now there is the slogan "time is money". money has changed its function and purpose

No! Money is really use as a means of exchange, this is the main purpose of ot. However, some people misuse it. Oh well, that's a no brainer tho. Of course if you have a lot of money, are considered wealthy, wealthy are more prioritized than everyone. You can buy anything, be popular and be influential — you can get and manipulate everything. So I think much better to say "Money is Power". It's sad to say folks but that's how our world run.

I'm just so disappointed for some rich people (I'm not talking in general because I still do believe that good hearted ones are still there) have the guts to carry a heavy conscience after degrading others as long as their interest is meet. Tsk, they can actually help in building a better world but they didn't.

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[NavI_027]

Not only does fiat money represent the value of each nation, but it also represents political power in countries. If fiat money were meaningless, then there would be no differentiation between currencies across countries. All have its reasons.

Exactly! It already came from your own words, money represents political power of countries and for me it is not good. Do you really like the concept of superior countries over the inferior countries? Because for me I hate it that much. In nature, people wants to dominate. Thus, people on top tend to discriminate or take advantage of the people below them. This will result to unfairness and injustice. Maybe you are saying this because you are living in a rich country but try to out your feet on the less fortunate shoes. What if you belong on the other side? I'm pretty sure you will demand as well.

Everyone deserves a good quality of life. So even imposible, I wish that our world will have a universal currency because it might be the way for all of us, humans, to unite together and live in harmony . (Who knows?)

[Firefox07]

Money is a political issue. There are so many politician that are hungry for money. They run for government post just to earn more money for themselves and not for the betterment of their people.

[erikoy]

You have a good point though OP but money function will depend on the user. If it is politically motivated then it will be but the main purpose of money is for technicality where it function as a medium for exchange. Without money or fiat currency, the exchange could not determine the efficient value of exchange. Like the old system which has been revive lately here in our place due to pandemic the barter system. Barter system is not an effective form of exchange because some things might be undervalued during the exchange.

[Xinarae*]

Politicians cannot use digital currency. It is not possible to be governed by the government and politics of the country. Politics is now a tool for profit. For this, businessmen are leaning towards business as well as politics real politicians are not getting a chance. Although the largest institution of democracy is a political party, it lacks the most democracy. The world is advancing in terms of technology due to which the demand for crypto is increasing and traders are taking advantage of the use of digital currency. Politicians manage everything through money.

[DrBeer]

Politicians cannot use digital currency. It is not possible to be governed by the government and politics of the country. Politics is now a tool for profit. For this, businessmen are leaning towards business as well as politics real politicians are not getting a chance. Although the largest institution of democracy is a political party, it lacks the most democracy. The world is advancing in terms of technology due to which the demand for crypto is increasing and traders are taking advantage of the use of digital currency. Politicians manage everything through money.

False, they cannot use financial instruments that they cannot fully manage. The fiat market is completely controlled (taking into account the "cashless" financial market), which means that this process can be controlled, which means it can be CONTROLLED. Management is power. Unmanaged financial technology = loss of power, it's simple

[Searing]

This truth really struck home as I read this piece by Dr. Steven Englander, a big thinker and expert in currencies and macro-investing who has worked in the Fed, Citi, Lehman Bros., the OECD, etc.

At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem.  True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago?  Somone else could be forgiven for the oversight, but surely someone of the stature of Dr. Englander should know better.  At least when he writes a long and thoughtful piece like this.

Which brings me to, really, my pet peeve.  We all talk about the technical features of this money or that.  Electronic vs. physical.  Inflationary or deflationary.  Even transactional speed and cost.  But truly, the only things that really matter are political.  (That is, after a money satisfies the basic requirements, which is not a problem here.)

And I'm not even talking about how money affects the distribution of benefits to different political constituents, whether it benefits debtors vs. creditors, etc., etc.  That is a good topic for another time.  I'm talking about something deeper.  Money is political in the truest, most precise, and widest sense of the word.  And the political dividing line is not between left and right, but between the top politicians and bankers, and everyone else.

Money determines how much goes to the elites and their allies, and how much goes to everyone else.  In the service of the political goal of maximizing benefits for the former, all things tend to get distorted.  Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.)  All the mainstream commentary we hear, somehow, only reflects what the elites want us to think.

According to what we now have to call mouth-pieces of the elites, somehow, people always chase bubbles, and always get hurt, because they're irrational, and there's nothing anyone can do about it.  Central-bank money creation is *never* a driving factor.  No, never.

We're living in a lie, and the earlier we wake up to it, the better.  What officials and mainstream media and academics tell us must sometimes be dismissed with: it's just politics.

To your point above, you don't take it far enough. Like your title: Re: Money Is Political, Not Technical. The real catch is not how you frame the question, to me,

it is more, money the 'mechanism' is not politics, it is power!

In other words, money is a means to an end to gain power. By power I mean, having food, not hungry, cold, and you can expand by that point into

money for houses/cars/girls or whatever...it is not politics as an endpoint it is, however, you can get power as an endpoint that gives you more and more

of control of the pesky environment and universe that keeps trying to kill your ass. You don't eat you die, you have bad health and now medical you die, etc.

So, this is where 'politics' does come in...the tool to 'help' decentralize power and improve the status quo or to 'squash' centralize and keep the status quo.

You have a vested interest in the 'status quo' of wealth..you have wealth, maybe inherited wealth, you protect that wealth with connections to politics as a

means to protect the status quo....and keep your wealth, with cap gains taxes (lower for rich) tax rebates (like the 1.2 Trillion tax holiday under Trump Administration)

Then 'decentralized' BTC/Crypto comes around and messes up your centralized setup above...all nice and cozy..so you then use politics as a 'lever' or blunt

baseball bat to make regulations and try to control it. Does not really work very well, being decentralized, worldwide and BTC/Crypto has real uses overseas with

dubious governments/backs/fraud/etc.

So again, the politics is to 'stifle' anything decentralized in the world vs centralized and controlled in the game of power. Labor Unions for example in the USA

are decentralized...so politics and laws used to 'stifle'. This last presidential election attempts to stymie that pesky decentralized election, etc.

This it will always be so...so IMHO your title did not go all the way to the end of the tree root of control. Re: Money Is Political, Not Technical

It should be maybe, again I know zip, IMHO Re: Money is Power, Politics is Technical, Decentralized BTC/Crypto is a status quo nightmare!

but again, perhaps all this is 'implied' ..just saying

Brad

[Argoo]

You have a good point though OP but money function will depend on the user. If it is politically motivated then it will be but the main purpose of money is for technicality where it function as a medium for exchange. Without money or fiat currency, the exchange could not determine the efficient value of exchange. Like the old system which has been revive lately here in our place due to pandemic the barter system. Barter system is not an effective form of exchange because some things might be undervalued during the exchange.

Still, money in every state is more a political instrument than a financial one. Yes, it is up to the holder to decide what to do with a specific amount of cash or non-cash money. However, the state can establish other rules for their circulation and use, and the holder of the money will be forced to obey them. The state can decide to issue new money and replace old money at a rate that is disadvantageous for users. Therefore, it has always been assumed that the issue of money is a manifestation of state power.

[Ucy]

I guess the political aspect is part of the reasons fiat is what it is today. If competent people are allowed to run/manage national currencies the way money should be managed, money will likely be fair for everyone. If money is allocated to the wrong areas, or used wrongly, there will always be consequences which affect everyone or most people depending on the money system.
This is why I think the right money system should be transparent, open, decentralized, immutable, rule-based, Merit-based, etc to prevent/discourage misuse.

[CryptocurencyKing]

No! Money is really use as a means of exchange, this is the main purpose of ot.

No one doubts the fact that money is a means of exchange and a reliable or most suitable one at that. Its a known fact but then, not having it or a good means to secure it means trouble. That's where the political aspect of it comes in as, one who pulls the strings or controls the money in circulation controls the masses and that is, the government. its very simple. Just as some insects are attracted to the light, one who controls the lights position invariably controls the direction of movement for those insects. Same scenario applies to man as we often tend to follow money in all that we do, it becomes a major driving force. inflation or deflation of it (money) can mean a lot in the life's of the citizens and based on which constraint the governments wants to play out to suit their purpose, they just pull the strings and watch it play out. Puppet sh*t! We just have to grow more in wisdom to minimize damage.

[zeingrind777]

It is true. I agree that money is politics. A rich elite who wants to be the ruler of the government will find it very easy with money. even with money, a person can bribe officials to preserve his business. money is a political game

[DrBeer]

I guess the political aspect is part of the reasons fiat is what it is today. If competent people are allowed to run/manage national currencies the way money should be managed, money will likely be fair for everyone. If money is allocated to the wrong areas, or used wrongly, there will always be consequences which affect everyone or most people depending on the money system.
This is why I think the right money system should be transparent, open, decentralized, immutable, rule-based, Merit-based, etc to prevent/discourage misuse.

An absolutely fair distribution of resources and benefits is a utopia. Unfortunately, but this is a fact! There will always be some bias in favor of "their groups". There will always be higher priority areas of support that may seem "illogical" or "unfair". For example, it makes no special sense for the state to create a financial paradise for the population, but it makes sense to support large companies that provide jobs, pay taxes, and develop the economy. This is pragmatism that underlies the development of the state. And the game of "philanthropy and equality" is populism and attempts at manipulation under the guise of supposedly good deeds

[sort_cirkit]

In 2020, no one does politics for service. Politics for money. Politicians get involved in money games with the people. They give birth to terrorists. Embezzles black money. Have you ever seen a politician spend his money for the development of technology? In fact, all the work such as aid, services, development, technology, politics is involved in the game of money.

[electronicash]

everything is about money. why a kid named greta thunder get so much attention when she doesnt look like she has confidence in what shes saying. well its still because of money. one could tell conspiracy theory but the evidences are more than just coincidence.

money is everything. more money more power.

[AndySt]

An absolutely fair distribution of resources and benefits is a utopia. Unfortunately, but this is a fact! There will always be some bias in favor of "their groups". There will always be higher priority areas of support that may seem "illogical" or "unfair". For example, it makes no special sense for the state to create a financial paradise for the population, but it makes sense to support large companies that provide jobs, pay taxes, and develop the economy. This is pragmatism that underlies the development of the state. And the game of "philanthropy and equality" is populism and attempts at manipulation under the guise of supposedly good deeds

The funny thing is that the person who allocates resources probably thinks that the distribution is quite fair It is impossible to please absolutely the entire population and any government helping one segment of the population you will have to face the discontent of other segments. And decentralization is not the most optimal assistant in optimal management in the economy, no matter how sympathetic we are to the ideas of decentralization and justice.

[DrBeer]

An absolutely fair distribution of resources and benefits is a utopia. Unfortunately, but this is a fact! There will always be some bias in favor of "their groups". There will always be higher priority areas of support that may seem "illogical" or "unfair". For example, it makes no special sense for the state to create a financial paradise for the population, but it makes sense to support large companies that provide jobs, pay taxes, and develop the economy. This is pragmatism that underlies the development of the state. And the game of "philanthropy and equality" is populism and attempts at manipulation under the guise of supposedly good deeds

The funny thing is that the person who allocates resources probably thinks that the distribution is quite fair It is impossible to please absolutely the entire population and any government helping one segment of the population you will have to face the discontent of other segments. And decentralization is not the most optimal assistant in optimal management in the economy, no matter how sympathetic we are to the ideas of decentralization and justice.

Absolutely agree ! There will always be subjectivity, intentional or not, as well as an absolutely reasoned bias towards a more useful subject, from the point of view of the state or large groups making strategic decisions. Well, you need to understand that there are not so many benefits, but there are a lot of people who want to get them, so there will not be enough of all the benefits, which are not very many, for all people of which there are many

[DeadCoin]

 Honestly, since then until now there is a big controversy when money is really discussed, as well as in history, many people are victims and missing to get their goal to become one such like gold, despite, it is proven that you can create more things actually whatever you need, and hide anytime, and actually, it looks like power, in terms of politics you can use also fiat money for victory in short terms but above all the difference of technical work is for a long term period so it supposed to be good also.

[bits4books]

Politicians cannot use digital currency. It is not possible to be governed by the government and politics of the country. Politics is now a tool for profit. For this, businessmen are leaning towards business as well as politics real politicians are not getting a chance. Although the largest institution of democracy is a political party, it lacks the most democracy. The world is advancing in terms of technology due to which the demand for crypto is increasing and traders are taking advantage of the use of digital currency. Politicians manage everything through money.

What makes you think it can't? What prevents a politician as a separate unit/person or a politician as a set of governing bodies from using digital currencies for any kind of spendings  "dark" ones or legal ones? Nothing prevents you from participating in the creation of a digital version of the dollar and using it to drive away the laundering of budget money or to finance educational programs and the development of critical regions in a completely clean way.
Just the same, digital currencies in general and cryptocurrencies in particular give even more scope for corruption - due to the so-loved anonymity, crypto-mixers and other benefits of digitalization of money for which everyone is so fiercely advocating.

[Wipeout2097]

A ton of presence is the battle for endurance and pushing your own plan to additional your own hereditary genealogy. At any rate, that is the way it has worked for the whole of history and likely won't be changing for the remainder of it. There are some huge favorable circumstances to building an overabundance of food, cash, and so forth on the backs of others, and those should be really clear on the off chance that you think about the suggestions the excess would have.Its not a great deal to think about with regards to others when your own objective is the continuation of your own struggle and experience.

[fahmimajannat]

Thats actually true.
You can earn far better using your mind Politically instead of technically. Because this whole world is a kind of political dog fight. Everyone is trying to overcome another one. So some times technical mind can't works out properly in many situations.
So It's better to use your mind politically instead of technically when main motive is to earn a bag of cash.