This is a transcript of a program presented by James Schuessler on April 24th, 2016.
There is a common cliché or euphemism that everyone has heard of the golden rule that he who has the gold make the rules. Well, the literal definition of economy is “house or home” and “rules or measure.” So, it goes to say that whoever controls the economy makes the rules. The definition by Adam Smith, the18th century philosopher that wrote the first modern work of economics, defines economics as “the Science of Wealth” in “The Wealth of Nations.” Though, the science of wealth was important in the days of mercantilism, today much of the true economy or what I call Anthroeconomics, is much different and more simple and whole than the artificial complexities of math problems used in the fiat, decreed upon high, economic system we use today. The Federal Reserve System, our Central Bank, can through policy make or break the economy at will, and redistribute wealth at a whim, through currency manipulation and inherent defects in a fractional reserve system, which allows Money to printed at will. For every 100 dollars the Federal Reserve puts into circulation, 90 dollars are additionally circulated in the form of fractional reserves and interest. Though there is no endgame to this financial alchemy, there are new and innovative ways to innovate money.
To me the science of wealth, or house rules has little to do with my security, protection, shelter, food, creature comforts, and family. The “True Economy” or anthroeconomics, by my definition is truer to what we consider economics and lifestyle and environmentalism. I define Anthroecology or Anthroeconomics as “The science and measure of the Human Home,” According to Professor Erle C. Ellis, anthroecology is defined in his manuscript, “Ecology in an Anthropogenic Biosphere” In his work, he studies how humans have changed the ecosystem over millennia. In addition, Psychological studies have shown that human happiness and wealth have little to do with each other, but life view is much more important. In other words, a poor eastern Indian living in a shack can have the same score of happiness as someone making a 6 figure salary on wall street. The award winning documentary from 2011, “Happy,” explores this idea.
Ecology, by definition, is the science of a home or house in which we live. Whether that is in the microcosm of a petri dish for bacteria or the entire planet we live for people. Though, I would like to compare ourselves to higher order mammals such as chimpanzees or dolphins. I find my pessimistic side siding with a petri dish analogy. Though we are much more complex than bacteria, we are now at point of crisis for our petri dish, the planet Earth. There are 3 stages of growth in a petri dish, a logarithmic or exponential growth stage. Where everything is great for the bacteria because there is abundant nutrients and plenty of space for all the microorganisms. Next, however, comes a different stage of microbial ecology of the bacteria in an artificial environment. The stationary phase where deaths of bacteria equals new bacterial formed. After this is a lag phase of death and decline of population as the nutrients are slowly depleted and the bacteria die mostly from their own wastes and lack of nutrients. A book from 1972 and updated in 1992 by using system dynamics Professor Jay Forrester of MIT developed, confirms this and has been proven true to this day. The study predicts a drastic decline in population on or before 2050. Where the factors of pollution, food, population, resources, and industrial output are correlated. In 2014 The University of Melbourne confirmed the book, “The Limits to Growth” over 40 years later. Both manuscripts can be found online where you can find the link on the Fellowship’s website as well as other sources I am citing.
The problem when studying economics is that everything is looked at as though we are in a petri dish with infinite resources and no waste, when in fact with us as human beings on this planet indefinitely it is safe to assume we will die from our own wastes unless there is a drastic decline of population. I am an optimist as well though. Through an environmentalist outlook, where instead of us dying from our own waste on the earth. I see the true economy, anthroecology and anthroeconomics, as living in and unto itself. Human life can only change and not end since most high order mammals manage to survive even though we are destroying their and our environment. We have all heard of the great depression and have lived through the great recession and the crash of ’08. Even if the powers that be are either being incompetent or intentionally trying to stamp out the economy it cannot die because humans cannot be easily stamped out through some clever math, credit default swaps, and derivatives. As long as we see our currency as an extension to our life then the economy ending and causing a worldwide depression would only strengthen the Anthroecology of us all. Also, according to the business cycle, which is manic depressive for some reason, the mania from surviving the ordeal would also be a boon to a fiat, artificial, economy while the depression would empower closer communities from local agricultural, walking and biking in our daily commutes, and a better and perhaps happier standard of living in some respects. The artificial economy is based on a fiat currency that can be manipulated. A currency that cannot be manipulated must be used to empower both sides of the coin,of the business cycle, the booms and busts.
The true currency is one more similar to the Nash Equilibrium, or Game theory, which was made popular by the movie “A Beautiful Mind.” Governing dynamics in economics can also be applied mathematically to biological systems. This is where a system of barter and trade provide a better outcome among many parties rather than one source of Capital. In biology, Richard Dawkins, the evolutionary biologist and Atheist philosopher, explained an Evolutionary Arms race based on Game Theory. You can see this in the spring with bird’s mating. It is an arms race to find the best mate for the best offspring per environment. I further extrapolate that the Nash equilibrium can be used as not only an economic and biological theory, but for the foundations for better exchange of a new currency. Bitcoin, created by Satoshi Nakamoto who still remains anonymous, is an example of a currency, mostly unregulated, that allows anonymous peer to peer transactions. If you have not heard of bitcoin, I can briefly explain that it is a crypto-currency that allows for transactions for goods, services, and in some places even real estate. Only by allowing a true laissez faire Monetary system and supply can the true economy flourish and even capitalism and communism meet. By this the best outcome can be achieved, through the Nash Equilibrium, between complete capitalism and complete altruism whether misplaced or genuine.
I say all this in the spirit of Earth Day, for everyday is Earth Day. Is this not our home? Is this not in most all probability going to be our only home? The monetary system in place is not sustaining, neither is the assumption that wealth in and of itself is a science. The Gaia Hypothesis, proposed by James Lovelock, supports my assertion. Many think the “Limits of Growth” model and The Gaia Hypothesis are in contradiction but not if we stick tour Principals. The 7th principal states, "Respect for the interdependent web of all existence of which we are a part.” This must include the true economy, us, or biome and our anthromes, which we have made over millennia. This year the Unitarian Universalist Service Committee has declared, I quote “This Justice Sunday — kicking off April 3 — explore economic justice and be a part of the movement to help people all around the world realize their rights. As the Universal Declaration of Human Rights declares, ‘Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.’” As long as those with the gold make the rules and not treating others as they would like to be treated our future will not change, for the artificial economy is rigged. I say this from the data and not some sort of fatalism.
If you are a believing sort, are we not only stewards to tend this Garden rather than dominant all things? We were thrown from the garden from disobeying the caretaker of it? If so, then we have the knowledge of good as well as evil to truly make this a Shambhala or a return to the garden. If you are unbelieving or a skeptic, then the science cannot be disputed and the so called economy is just an artificial petri dish of some very rich people to play with. I say this again, the true house rules cannot be changed and cannot be undone or manipulated and we are all subject to it because they are the laws of physics and of nature.
Thank you for your time.
Biological Game Theory
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