The reason why money can't buy love is because, ultimately, love is the value that money represents. Money is a proxy for value and value is that which holds us together and makes us relevant, love. This feels cheesy or even embarrassing because we have broken our social contract with value. Specifically, we have inappropriately imbued money with a value of its own, disassociating money from its role as an intermediary, as a temporary representation of value in a chain of transactions. Money has become the object as opposed to the expedient. It is my thesis that value creation must be the frame within which wealth creation fits; that our humanity can no longer be subjugated to our economy due to a false primacy of our intermediary for value, cash. I believe that our economy should serve our humanity....
...Bernard Madoff intentionally defrauded his clients but the calculus of what he did is no different than what our global financial institutions have done to all of us. Their sole concern was how money could make more money, completely divorced from creating anything real. To be sure, the new money could then been used to build, hire, educate, serve, etc, but, as is my thesis, that is the tail wagging the dog...
...Our current system with its overly abstracted and evidently exploitable assignation of value constrains the network to have fewer and inflated hubs and any nuance or complexity in the definition of value is lost in the translation through currency. Value creation should be a market design principle. Wealth creation is a market participant motivation. An effective market should ensure value creation while facilitating wealth creation, not the other way around. Additionally, an effective market would leverage our social (human) network defining "valuable" more accurately by harvesting connections to what we value. Again, the reason to have an economy is to serve humanity...
Read the complete article at:
Social Entrepreneurship - Change.org: Reimagining "Value" For A Post-Crisis Economy
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