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The decline of the currency
(Temporary Translation)
Before the introduction of money, the only way to
trade in goods was the barter or direct exchange of goods against
goods. Barter, however, was a way so simple, but subject to several
problems, one of which was constituted by the constraints of time.
Since then, money has become the most economic tool used to perform
the functions of: a medium of exchange, unit of account, reference
for deferred payments, store of value, etc. .. In essence, the money
is, for centuries now, the value we place (and are willing to spend)
the transformation of property (tangible or intangible) from the
basics.
The example that we can do to better understand this aspect is that
the gears of any machine by themselves can take a specific value,
but once assembled, optimally functional and assume, because of the
new task of the machine, a value higher than the sum of the
individual. This difference in value is the "premium" that we are
willing to pay to buy our car.
Until today it was this simple mechanism, but subsequent to the laws
of the market, which allowed us to count the value added tax (money)
for a good or service.
The monetary value is therefore implied that we invest the energy to
move more raw materials to matters more organized.
In short, we can match the monetary value of an equivalent energy
value.
Energy for the transformation of the asset = Monetary value of the
new good
This equivalence is obviously very complex and that is why you can
not convert Euros or Dollars in kW or Joule, but it is interesting
to note that the energy and environmental crisis is giving the
economy (the macro-monetary), a new direction, involving necessarily
the concept of monetary value.
To make immediately clear the abstraction we can say that there is
money coming from assets less polluting energy and money from
cleaner energy systems.
In short a share of the monetary value necessarily carries with it a
rate pollutant. There is indeed, for the second law of
thermodynamics, a transformation that is not the case with the
production of pollution (impossibility of perpetual motion) and this
helps us to understand the value of money can not be parameters with
the simple transform value of property or service. The monetary
value we add must be a new rate that will allow us to prefer or not
that additional monetary value of a good or service.
This concept, which I have oversimplified for the sake of
disclosure, constitutes a new frontier of the money as part of
evaluating a good or service in a system where, for the first time
since the birth of civilization, is no longer possible to assign a
value the good or service only on the basis of market forces but
also on the basis of the laws of thermodynamics.
In short the traditional laws of the market must take into account
the return that we got to turn (and get) our good or service, and
the lower will be our performance (which is to say more pollution),
the more we should increase the cash value of our goods or service
to make it less palatable.
In the traditional law of the market is then inserted a new feature
that will reconsider the tolerability of that environmental good or
service.
This adjustment is today still far from being
materialized in an automatic and immediate. Moreover, the transition
from barter to money power has required a period of historical time
is not negligible and it is clear that the first timid attempts to
place on the label or indications of goods and services of the
references sull'ecologicitą these are the beginning of a new era. In
this moment of history we still barter of the ecological value of
goods and services.
Guido Bissanti
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