Philip,
It seems a lot of these entries are about method. Peer review, voting, enhancing education, frame of mind, framing the question etc. A lot also take a very science oriented and futuristic perspective. My problem with all this is that it doesn't necessarily deal directly with the actual issues involved, for the very basic reason that the real problems facing us do elicit a great deal of emotion, we all have varying points of view on many of them and there is no objective perspective to which we have access. The fact is that when we do try to materially change complex situations, the result isn't necessarily better, both because there are no clear objectives and often various people are working more for their own good, than the larger community. As W.B. Yeats put it, "The best lack all conviction, while the worst are full of passionate intensity."
Now I am an avid reader of the news and commentary for many years and I do feel a pressing issue about how the world is run, is that in order for a functioning economy to work, it needs a fairly neutral medium of exchange, a monetary playing field, so to speak, yet what we have is one which functions are the major player in the economy, to the extent that the primary economic function has now become to produce these units of exchange. The function of capitalism has become to produce capital. As it serves to pull this notational value out of every possible source, it creates a siphon effect, that must further extract real value out of all aspects of life, from social and civil relations, to the environment.
My argument is that while we have come to think of money as a commodity, it is in fact a contract and if we were to begin to understand it in this context, it would change the essential economic paradigm.
For one thing, if people realized they no more owned those pieces of paper in their pockets, then they owned the section of road they happened to be traveling on, there would be much less incentive to draw value out of society and the environment, in order to acquire these notational promises. Such that then we would begin to see society and the environment as legitimate stores of value and not just as resources to be mined. Then people wouldn't need to save as much for needs such as elder and youth care, primary education and many of those other needs which historically were social functions in the first place. Even forms of local currencies could grow around many of these needs and keep the value within the community and not have it skimmed off by international banks.
With the current financial system, risk is public and reward is privatized, yet the greed of those managing this system is serving to rapidly cook their own golden goose. As I see it, this will open up a significant opportunity for change, given that the solution to all the prior breakdowns in the system, with the government creating ever looser credit and buying the debt to do so, will eventually create a mess too big to paper over.
So this presents both goal and opportunity. How would you judge it as a method for steering humanity, in your peer review system?
Regards,
John Merryman