Tuesday 9 May 2017

Sociology of Money


1) Money in Physical Gold or Silver has been invented in a World … To discover !!! Precious metal had been an asset (almost) universally accepted.


2) Fractional Reserve Banking has been developed in a World dominated by Some Empires ….. A Empire had a good size to find resources to pay back the loans.


3) After the End of this World, the Nation State has been the dominant political entity. But the Too generous or the corrupt Nation States are now bankrupt, and then the biggest companies hold nowadays the worldwide monetary system. In a world economy jumping in a « services- oriented » paradigm, a digital money supply will fit well.

Money is a mirror to show us the nature of our social relations …..

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