Some add-on and finalization on my series of economy-related blogs, which I did to understand this economy I was born into and is so much not my kind of economy.

currency_control for control_currency

Depending on the location, around 5000 BP control gangs formed: regimes. Regime money schemes to control wage_slaves (control_currency) have their roots in those first empires. The modern state is an institutionalized entity owned by those in control, the elite. Democracy is facade, because central/remote valuation of labor fundamentally conflicts with equality. “Democracy” has a process called “election” that relinquishes individual control, and thus democracy. Companies rent wage_slaves from the regime, growing ad infinitum due to control, thus collecting control at a few, giving the few more value, more interest. Money accumulation is control accumulation, leaving most with 0 control and thus 0 democracy.

Valuation by power makes most worthless to the point of revolt. A historic fact. The Roman Empire had several slave revolts. More recently, the French revolution (1789-1799), which was also driven by the realization that they were programmed far too long by silly stories from religion and the claim of god-chosen emperors. Actual slavery in the colonies made wage_slaves systemic in Europe (Industrial Revolution).

slave

slave is property of a private power

wage_slave

slave is property of the regime, where the rich can rent it from, having less maintenance costs

Wage_slavery produced the buildup to

• WWI (1914-1918)
• the communist Revolution (1917- in Russia, 1927- in China)
• fascist regimes and WWII

In hindsight, of course, by all those people agreeing to be close to 0 value, they allowed the valuation of some grow to unbearable arrogance.

Right-wing, those in control, the regime, the rich, know how to program the masses: by relinquishing all your power and value to me you become valuable via me. Seize to exist. Identify yourself with me. “me” would be a country/regime name. Those people valued down to 0, daring to voice their existence (left-wing), are declared terrorists, a danger to all. Communistic regimes have shown that left-wing behave the same when getting control: they become right-wing. It is not about right-wing vs left-wing, it is about remote control vs local control.

It is human nature not to give up what is conquered, basically founded in the locality principle, one’s own little world. If this own little brain has accumulated immense power, it will act as if there were no other brain out there, it will wreak chaos. On the other hand those little brain out there have their little world to care about – also locality principle – and will not protest. They can even be programmed to die for the fascist elite: “My subjects! I valued you 0. You agreed. Now die to actually be gone. I will declare you martyr to convince some others to do the same.”

Regimes made several adjustments to keep their control_currency more stable, but did never touch wages_slavery itself, because that is the whole idea of the control_currency in the first place. They have realized that the accumulation associated with wages_slavery, when let loose untethered buys up all essential assets, land, houses, raw materials, energy, …, cornering the market, making the prices, rent-seeking, creating inflation. Their solution is to bind/tether that accumulated capital:

• regimes provide bonds with interest to allow that capital an escape from the regime-wanted inflation
• they have also regulated stock as a way to bind that capital for wage_slave usage

But since wage_slavery is harvesting by design, accumulated wealth at one company is used to buy the competition, to optimize harvesting and to have more prize control on the market ( Microsoft , Meta , Alphabet , Apple , Nvidia ). Why not counteract this accumulation? Why not a progressive taxation on the company profit? That would tax automation and AI and wage_slave exploitation, … But, of course, why even allow wage_slave contracts in the first place. Regarding bonds: Since regime bond interest is financed by taxes on the general population, the exploited wage_slaves need to pay interest to their exploiters. In short, currency stabilization does not avoid control accumulation, but rather intensifies it.

More control speeds up control accumulation ($\frac{dC}{dt} = kC$), money being a measure of control. The exponential dynamics leaves very little time to react to avoid a collapse: But how to muster a reaction, if the majority has no control and is mostly programmed. And indeed those with money have social media power, propagate right-wing as the best for the poor, because for them the 0-value people dying is a lot better than them loosing some of their wealth and control. The logic of the personal interest is not wrong per se, it is just wrong, if the interest of some has global collateral damage.

Since the regime valuation of labor is the root cause of many problems, the key is to avoid the regime valuation of labor and move to a market valuation of labor, which I call same_market_valuation, meaning the same market where one also buys products. A legal entity company needs to be found that represents the link to the market, but does not use labor/wage_slavery. Rather one accumulates ownership (shares) on the market link legal entity by working (together). There is no pre-valuation of labor at all. The valuation is via the profit (sharing).