The indoctrination that the last four generations have received in colleges and universities from the earliest ages, lavishly administered by the corporate fabric that was formed after WWII to control global economic development, makes us reason without any doubt that the only possibility to “achieve” success is through growth, of course, economic growth.
There is no other growth for capitalism than economic growth, hand in hand with the abominable "meritocracy", which means that everyone has the same possibilities, regardless of where they start from.
So, brother, and sister, if you don't grow financially, you are a failure for this model.
Do you know why governments in league with financial elites and corporations need to defend this model to the letter? Very simple, because in this way they can also make the monetary bases grow, printing debt papers that they distribute among the citizens and then take them out via taxes, tariffs, and corporate prices, because, in inflationary processes, corporations never lose, on the contrary, corporate balance sheets are more robust during inflationary periods. They call this "growth" and the cruelly devastating MMT (Modern Monetary Theory) endorses the operation of all this device of impoverishment and control of the masses.
Those who follow me know that I do not defend either the left or the right, that I am an anarchist, and that I know that what must be changed to end the “theory of economic growth” is precisely the Layer 0 operating system, vulgarly known as the capitalist system, which is what allows the appearance of false dichotomies such as "right" and "left", which are basically the same. The only thing that changes is who gets the bag. In everything else, both the right and the left, which seem to hate each other so much, depend on the same system of manufacturing and consumption, which makes the capitalist system possible.
It's simple, to grow you need more money, and since governments don't have to answer to anyone but the corporations that brought them to power, all they have to do is press the ON button on the printer and print more money. The Cantillon effect clearly demonstrates that when the monetary base is altered in this way, those "close" to the printer receive the issued money sooner, pay their bills and that's it, and just have to wait for the next moment to give the order to print more money to its lackeys in parliament.
Meanwhile, the surplus-issued money trickles down to the mass of consumers, who then have to juggle to be able to pay their bills and also eat and live.
The higher the inflation, the richer the rich and corporations get richer, and the poorer the wage earners, retirees and the self-employed get.
The theory of economic growth then consists of printing debt papers from the government so that corporations and financial elites “grow”.
Now, is there a single economic model, and is it the so-called “Theory of economic growth”?
Of course not. The circular economy is an alternative to the theory of economic growth.
The corporate network that developed several models of "economic growth" that are taught in universities with derivatives and logarithms, and that are based on theoretical assumptions that are unattainable in the capitalist system, such as full employment or the total use of available capital, defends these artifacts, saying that, in this way, when an economy grows, per capita income also grows. Which is an ignominy. The per capita income that grows is that of the owners and executives of food, energy, communications, pharmaceutical, and similar corporations. The population itself cannot grow with these growth models. Not understanding this is not understanding how the economy based on debt paper printing works.
As an example of an economic model that is not based on growth, there is the circular economy model. Of course, this model cannot be easily applied in large cities, since the agglomeration of people in small housing units that serve the standardized consumption of supermarkets and supply stores, does not allow us to think about the concept of consuming less and more rationally. Especially when the television urges you to buy and buy to be successful. The circular economy is a philosophical model of total change from the current linear models.
All economic growth models are linear models. Linear models follow a basic pattern: extract, produce, consume, and dispose. This cycle repeats itself ad infinitum as if the planet were inexhaustible. That mental model is the one that is still taught in colleges and universities, from which graduates, postgraduates, and doctors come out, entering the machine like cogs to continue extracting, producing, consuming, and discarding. The theory of economic growth considers that nature is totally disposable and that resources are infinite. Since this is said by university doctors, it seems difficult to argue. Parliaments are there for other things, not to discuss nonsense. They have a lot of bribes to process, and a lot of corporations to support, which are what brought them to power.
The circular economy is a term that is precisely opposed to the linearity of growth models.
The concept of feeding a monetary base by printing debt papers is fully compatible with the idea of a linear model. The printing of debt papers can be infinite, just like the natural resources used to produce the products that are later bought with those debt papers. Everything makes sense perfectly.
Of course, linear models are exposed to price fluctuations and access to raw materials, since the same corporations that design and use these models are also in charge of manipulating them. Linear systems destroy nature systematically, that is, they need to destroy it to generate economic value. On the contrary, in the circular economy, nature is regenerated while economic value is generated. The linear model of capitalism, prevailing today, follows a path that begins with the exploitation of natural resources and continues with production, consumption, and disposal, that is, with the end of the useful life of the products. Every day we extract an enormous amount of natural resources that are transported and transformed into consumer products that, in the end, are discarded without receiving new uses, and that accumulate exponentially. But of course, the linear model implicitly needs transportation and manufacturing, that is to say, oil. Could anyone imagine oil corporations thinking of dismantling that business?
Although the concept is not new, the circular economy has gained ground in recent years. Scientific evidence has accompanied the need to modify the current model of production, distribution, consumption, and disposal. The circular economy is an economic system, a solution framework for the transformation and subsequent elimination of the current system. According to many specialists, the climate crisis and the loss of biodiversity are not symptoms but a cause of our linear way of producing and consuming products and materials. But for the economic model of the circular economy to be truly sustainable, a global change of values is necessary, as I always said in previous articles. It is necessary to set aside the contemporary thought of the individual over the collective. And start thinking about the "mutual" and not the "economic success" that is taught in universities to individuals who come out with the title of "doctor."
By increasing the useful life of materials that already exist, a circular economy model extracts fewer natural resources for new products, produces less waste, and consequently reduces the environmental impact generated in the linear economy. This concept, called cradle to cradle, implies that the idea of waste does not exist and that everything continuously serves as a nutrient for a new cycle. Can you imagine what this means for proponents of the theory of economic growth?
Designers play a key role in the circular economy. It is necessary to create products that can be easily disassembled and reused or recycled. That is where the concept of a circular economy model begins. In electronics, for example, it is increasingly difficult to reuse parts or devices that are not part of the manufacturing process. It's very simple, products are designed to be quickly discarded. This is a fundamental premise of the theory of economic growth transmitted by PhDs. The only way to achieve growth is through dizzying consumption, destruction, squandering of non-renewable resources, and of course, the spurious issuance of money without control.
Bitcoin is the opposite of a growth model.
To begin with, there is no out-of-control issuance here, there is only pre-programmed mathematics. No one can alter it. No politician can receive bribes to do so. No official of the machine can give orders to print more Bitcoin to feed the linear machine of extraction, production, consumption, and disposal. Nobody can do anything.
Bitcoin TreasuriesI mean, yes they can. They can deny miners access to the Internet, or they can ban exchanges and ramps to upload fiat money and exchange it for crypto. Thousands of developers around the world who don't give a damn about the theory of economic growth are working on solving these two problems, mainly because they never went to universities to learn what the system imposes on them.
The only ones who want to “grow” with Bitcoin are the Wall Street whales who have taken what a thought revolution means as if it were another traditional asset such as the shares of a company that produces cell phones. They have been able to do so because they have been able to attract a lot of uninformed delusional with the promise that they will get rich quickly without working, whom they ruthlessly manipulate with the prices of cryptocurrencies, with inexplicable rises and falls on the trampoline of candles graphs.
However, the proposal for decentralization and the most secure PoW network on the planet is philosophical and has to do with the circular economy. It has nothing to do with linear growth, simply because you cannot print more Bitcoin than the protocol establishes, therefore, the linear growth model is completely without applicability.
Lisa Hough
On the one hand, there is a linear “growth” model that is driven by the printing of debt paper from a central bank. These tickets are the gasoline of the machine, and there is no limit to the printing, they can be printed indefinitely, the amount that the corporations and their political lackeys want.
On the other hand, there is an asset (remember that banknotes are a debt and not an asset like Bitcoin) that has an emission cap, and that no one can control, prohibit, regulate, or anything. This asset is not used to grow. It serves to create a new type of human being. Once again, technology provides us with a revolutionary instrument, and now it depends on the new generations how they will use it. If they want to continue "growing", they should know that rivers, trees, animals, and minerals are not infinite as the tickets printed by the governments democratically elected by the people are.
In a system without unlimited issuance like the one proposed by Bitcoin, which basically constitutes a P2P system, “wealth” becomes “redistribution”. What's the point of accumulation if you can't issue more than a certain amount of money? What's the point of a few having all the coins? Money that does not circulate has no value. What does "grow" mean when there are a limited number of liters of gasoline that feed the growth machine? The circular economy is a paradigm shift. Decentralization means redistribution and a new type of human being, which is not based on growth but on the redistribution of all available resources, which are not renewable, but finite.
In a Groucho Marx movie, a friend tells him "Life is hard," and Groucho replies, "With respect to what?" In the near future, someone will say, "Bitcoin is expensive," and his/her friend will say, "With respect to what?" Without fiat money, there is no more "price" of Bitcoin. There is only P2P. And who knows what the fuck "grow" will mean.
Thank you for reading! Decentralize yourselves as much as you can, and much more! Work for yourselves, not for others. When you work for someone else, they pay you what YOUR POSITION is worth, when you work for yourself, they pay you what YOU are worth. No one achieves financial independence by working as an employee. Live long and prosper!
Never forget:
As usual, none of the things written in this post are financial advice and are not intended to replace personal research. My sole intention in writing this post is informative. Several of the things discussed here could be wrong, so in no way can this post be construed as financial advice, and in no way should it replace your own research.
If you have any questions or comments, please feel free to leave them down below
You can also contact me at gerardo.saporosi@gmail.com
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