The square root of negative one is a way of jumping off of the number line and into a new dimension. Once you start to explore this new territory, you realize how fruitful it is.
Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space?
Perhaps the most important concept that everybody first needs to understand is the following: "Nothing ever comes for free."[1]
Once that important publicly known concept is grasped to satisfaction, we may consider proceeding as follows: in order to get useful answers to problems, we need first to ask the right questions[2]. Appropriate questions likely useful in this regard are:
- Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (which is generally considered a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? [3].
- Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money?[4]
Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion.[5]
References:
- Kevin Mitnick,The Art of Invisibility: The World's Most Famous Hacker Teaches You How to Be Safe in the Age of Big Brother and Big Data Publisher: Little, Brown and Company (February 14, 2017)ISBN-10: 0316380504 ISBN-13: 978-0316380508
- Douglas Adams - The Answer to Life, The Universe and Everything in The Hitchikers Guide to the Galaxy, A Trilogy in Four Parts Publisher: Del Rey (April 30, 2002) ISBN-10: 0345453743 ISBN-13: 978-0345453747
- Credit is given to the source, an individual in the clergy whose identity can be revealed with their permission
- ColdFusion TV channel on YouTube and more specifically: https://www.youtube.com/watch?v=mzoX7zEZ6h4
- Credit to a legal professional whose identity can be revealed upon enquiry, pending their permission.