May 20th, 2017 – By: William Larsen – Civilians News – “News For All Views” – What Will The Economy Look Like In 50 Years –
What will the economy look like in 50 years?
Is it not true, that throughout history the very concept of money has evolved?
In what now seems like prehistoric times, no one had credit cards, fancy bank accounts or credit scores. Imagine such a world, a world without bank accounts or even banks.
Imagine a world without credit…….. A world without home loans, credit cards or interest on debt.
A long forgotten reality, historically speaking this was not long ago…. In fact, many decades ago, it’s very plausible that interest on debt or credit and loans, was in and of itself, a very “liberal ideology.”
It’s amazing how things have changed…..
Today, many Fortune 500 Companies (*not to mention startups), operate at excess of 30 times corporate outputs, or price to earnings ratios. This level of “inflation,” has never before been witnessed in the history of the human race……
In fact, many studies suggest that in terms of income disparity….. Ancient Rome itself, had periods where income was more evenly dispersed than it is in the US today.
So what is credit? Isn’t the very concept of interest, not the very mechanism that’s maintained poverty since the beginning of time?
And this leads me to wonder…. When did currency take form, in and of itself?
As humans grow more and more intellectual, as times change, as inventions spring up, it often feels like we as a species “lose something of ourselves,” through every wave of technology that passes through history.
Imagine the advent of speech itself…… Before speech, before linguistics, the earliest humans operated solely off of feelings and sentiment. Now if you can, imagine that generational divide.
In this way, think about whether those people considered even the rawest form of invention, speech, a beneficial “invention?” Obviously speech has created levels of sophistication, where most people in today’s world deem it “necessary” for modern life. Yet, several millennia later, few recognize how these “technologies,” like speech itself, have left us naive to the days of old.
This is especially true of many modern inventions. Take the phone for example…… Imagine the upper classes reaction, when for the first time in history they could be spoken to by another, without that person being present.
Try to imagine the shifts in social dynamics that come from these types of innovations, both culturally and technologically speaking.
Now take currency, perhaps the most important “invention,” of them all…… Do you truly believe that in ancient times paper dictated the power it has today? Before currency, it was land. In ancient times, this then dictated wealth, yet with land you could only hold as much as you could defend….. Imagine the dynamics of social change that have arisen from many of these “inventions of the past.”….. (I often theorize that the Scottish war for independence, in the 1300’s, was over this very topic. However, maybe I’m wrong. In fact I’d assume many wars have been fought over this topic.)
Long story short….. His story, her story….. Long story short. I feel as though every single time we gain something due to technology, it feels like we as a species lose something as well….
So where will this lead? Where will this rabbit hole of social innovation take the human race? What will the economy, which holds us together, look like in 50 years?
Well……. I predict that people will eventually notice how inflation is devastating to the poor and seek to maintain a strong currency…… I also predict, eventually the masses will seek reforms over housing and food, as population densities grow.
This isn’t politics, this is common sense…..
Opponents of these ideals, use money as a “cleansing tool,” literally breeding out members of society through economic measures….. Wars today are no longer fought with guns and knives, wars today are fought through hours of labor…….
In fact, I believe many people in power today, avoid these reforms because they view “money,” as a mechanism to weed out the weakest genomes within our societies…. I believe this is due to a lack of appreciation, for the uniqueness, which I believe to be ingrained in every human life on Earth today.
For this reason, in 50 years, in the future economy, I believe humans will one day see the value in all beings. I believe the perception of the masses will change and people will begin viewing strangers as uniquely crafted, spiritual beings, all capable of a different perspective of thought, beneficial to the collective whole.
Today however, that reality is simply not the case. This perception can be supported through increasing suicide rates, famine, homelessness, housing and poverty.
However, in 50 years I believe this will change……. I believe the masses will see the importance of banding together and through the power of democracy, I believe these “attitudes and beliefs,” will once again “evolve.”
So what will the economy look like in 50 years?
I believe the masses will seek a stronger currency, as well as humanitarian relief for all peoples, in the form of food and shelter.
So what will the implications of those decisions be?
For starters, it will mean a greater appreciation for human life itself……. However, with this new found appreciation, will also come economic and social consequence(s)……. First, this reform means overpopulation will need to be examined and no longer solved through war, or poverty….. These reforms also require that bio diversity, needs to be considered by all peoples. (*A focus on human health care, requires an environmental appreciation for the balance between human populations and animal populations on Earth.)
Once again, with gains will come loses…….
But what about the “hard facts,” what about the federal budget and how will we maintain a strong currency AND eliminate poverty? If the poor “minded” grow rich, is that not the very fabric of inflation itself? Are the weak minded, who find themselves in positions of power, not the surest sign of inflation itself? After all, money is only a reflection, a reflection of the people who hold it and a reflection of society itself…..
So how will the economy maintain a strong currency and focus on eliminating poverty? Furthermore, how will a “future government,” balance the federal budget while at the same time battling ecological and over-population issues?
Well I believe that currency will once again evolve…. This has happened many times throughout history before…….
I believe, in 50 years, food stamps and government subsidized housing, will actually break apart from “money,” and form their own sub currencies themselves. In fact, perhaps this is already taking place abroad, particularly in countries with larger population densities and fewer jobs. In 50 years, I believe that instead of retirement benefits, government welfare, food stamps, or housing…. That all “government money,” will break apart from the “be all end all, form of currency,” that we currently have in America today.
What if the government gave people, “food vouchers,” instead of “food money.” In many ways, this is already taking place today.
Nevertheless, in “today’s system,” grocery stores are re-imbursed through actual government spending of money…. This leads me to wonder, who’s to say which companies, 7/11, Walmart, etc…. get to stand at the mouth of that government spending?….. In this example, government spending in the form of food and housing benefits, have created a river of money, straight from American tax payers and into the hands of grocery store vendors. Now take that a step further, who’s to decide which companies stand to benefit from government subsidized student loans? Or social security retirement and health plans?
For that reason, I often feel; honesty, integrity and a balanced budget, have seemingly already fallen out of reach, for my generation……..
So what will the economy look like in 50 years?
I believe currency will divide into 3 forms;
2. food vouchers
3. and housing vouchers……
This could occur during my lifetime, creating new forms of currency, in order to mend the current corruption and overlap, between private sector companies and federal government spending.
For this reason, I believe new forms of “currency vouchers,” will actually strengthen the dollar, quite significantly, while also working to wean the free market off federal government spending. In fact, I believe many new laws will be instituted as a consequence of this currency divide, however these vouchers or “sub currencies” could then be used to;
1) Elude corporations from growing rich by positioning themselves in front of government subsidies.
2) The vouchers or sub currency’s, might also be used to pay federal government taxes.
3) The vouchers or sub currency, could then be used to purchase the same “product vouched,” which companies could then sell on the free market, in order to turn those vouchers into free market currency, if they so choose. Housing vouchers could only be used for housing and taxes…. Food vouchers could only be used for food or taxes.
Imagine, what if real estate barons, collecting social security rent checks, could only use housing vouchers, for housing…… or perhaps taxes as well……. This might lead to a whole plethora of cultural evolution’s surrounding the concept of appreciation….
So what else might change in the, “future economy?”
I believe another economic evolution, will surround the topic of Inheritance……
I believe greed today, often stems from wealthy individuals, who believe they are “eluding their families from labor,” through growing excessively rich.
This is beyond comical to me………
Due to this greed, I don’t believe inheritance will be allowed in the form of currency, in the near future…. This is because the concept of inheritance promotes greed and demeans currency itself. It’s like giving a black belt, to a kindergartner, it makes the currency meaningless and undermines other peoples hard work… Beyond that, inheritance rarely survives 2 to 3 generations, because it often creates a lack of respect for the beholder, not to mention encourages greed…….
I believe in 50 years, people will stop leaving their families money when they die. I believe this will occur because inheritance promotes greed, weakens currency and weakens future generations…..
I believe that if someone builds their own company, maintains it, then hands it down to their heirs, this is perfectly acceptable…. However, I believe the concept of handing down money itself, is egregiously undermining to the concept of currency today.
So there you have it. How will the economy change in the next 50 years…….?
The rest is up to you.
-William Larsen, Founder of Civilians News