Modern Money is Zero-Sum :(If everyone suddenly had with ten times as much money,
this would have no more effect than writing an extra zero on the end of all the prices.
Why not? Because traditional money has relative, not absolute value.
Its zero-sum nature may be the biggest single problem of the centralised money system.
The world is full of people striving to become 'financially secure', but few who have achieved this.
This is actually inevitable, since the rich are only as rich as the poor are poor.
Until we adopt a
non-zero sum money system,
'making money' will inevitably mean depriving someone else of it, since
a zero-sum system only has so much to go round!
Zero-sum money models every transaction as
competition rather than
cooperation. It discourages altruism by perpetuating destructive and wasteful
social cycles of scarcity, selfishness, fear and competition.
This is exactly the kind of thinking that people need to get
away from if they are to make the transition from
scarcity to abundance.
Strictly speaking, the amount of money in circulation does increase, by
expansion of debt owed to central banks.
However, individuals cannot increase the money supply, although it is their labour, not that
of bankers, that increases the wealth of society. Central bankers have a monopoly
over money creation. Although no effort or resources are needed to create new money, central
bankers are entitled to collect
rent on it in the form of interest.
The zero-sum nature of the money system hampers a large percentage of the world's
population from truly helping one another.
Many people would like to be able to
ignore money and help their fellow man, but
find themselves forced to justify their existence in narrow financial terms
- to 'get by' - often greatly limiting their cooperative behaviour.
Rather than pay attention to maximising the potential of real resources,
such as land, food, houses, hard disks etc,
people are forced to pay attention to the imaginary resource that is money.
We are developing
Altruistic Economics, a system for scoring human interactions,
which needs no central authority that issues currency. The amount of goodwill in
circulation is not fixed, but changes automatically by statements of accreditation
that individuals issue to one another.
By reconnecting people with the consequences of their actions, we believe it can rekindle the
altruism within them, so long repressed by a zero-sum money system.