moreluck
golden ticket member
Did you put that in the wrong thread?
Thanks trplnkl......I was so frustrated trying to make sure i wasn't being gullified again that I put it in the wrong thread.........
Did you put that in the wrong thread?
In recent weeks, Theodoros Mavridis has bought fresh eggs, tsipourou (the local brandy: beware), fruit, olives, olive oil, jam, and soap. He has also had some legal advice, and enjoyed the services of an accountant to help fill in his tax return.
None of it has cost him a euro, because he had previously done a spot of electrical work – repairing a TV, sorting out a dodgy light – for some of the 800-odd members of a fast-growing exchange network in the port town of Volos, midway between Athens and Thessaloniki.
In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. In return for the eggs, olive oil, tax advice and the rest, he transferred tems into other people’s accounts.
“It’s an easier, more direct way of exchanging goods and services,” said Bernhardt Koppold, a German-born homeopathist and acupuncturist in Volos who is an active member of the network. “It’s also a way of showing practical solidarity – of building relationships.”
He had just treated Maria McCarthy, an English teacher who has lived and worked in the town for 20 years. The consultation was her first tem transaction, and she used one of the vouchers available for people who haven’t yet, or can’t, set up an online account.
“I already exchange directly with a couple of families, mainly English teaching for babysitting, and this is a great way to extend that,” said McCarthy. “This is still young, but it’s growing very quickly. Plainly, the more you use it the more useful to you it gets.”
Cryptography shall always have a place in securing our digital future and most especially in securing our digital value. Advanced public-key encryption for the masses cannot be eliminated nor denied — the genie is out of the bottle and mankind is the better for it. The unintended consequence of regulating or restricting decentralized cryptocurrencies such as bitcoin is that their use as a currency will have been ‘recognized’ officially and that usage will be driven largely underground.
However, underground may not be so bad anymore as Robert Neuwirth points out in his brilliant Foreign Policy article, “The Shadow Superpower”. If aggregated, this $10 trillion global black market is the world’s second largest economy after the United States and it is also the world’s fastest growing economy. The OECD (Organisation for Economic Co-operation and Development) projects that, by the year 2020, fully two-thirds of the world’s workers will inhabit this shadow economy, or “System D.” As Neuwirth elaborates, it refers to the entire untaxed, unlicensed, and unregulated cash-based economy:
FOCUS: The Horrors of an Ayn Rand World
No government except the police, courts of law, and the armed services.No regulation of anything by any government.No Medicare or Medicaid.No Social Security.No public schools.No public hospitals.
Police, court of law, armed services, etc.I see no down side.
Understanding the origins of state power
In the beginning ruling classes had a problem. It will be familiar to those acquainted with the Austrian critique of central economic planning: Rulers could not know what they needed to know to do the job they wanted to do. Societies, even seemingly primitive ones, are complex networks held together by unarticulated—and largely inarticulable—know-how (mētis). That presents a formidable obstacle to centralized rule, which requires minimum resistance from the ruled if it is to endure. Rulers, however, were not without recourse. If they couldn’t know the society they aspired to rule, they could (try to) shape it into something they could know. To use the term James C. Scott uses in his book Seeing Like a State, they could strive to make society “legible” in order to make it controllable.
Scott came to understand this point when studying “why the state has always seemed to be the enemy of ‘people who move around.’” He discovered that “[n]omads and pastoralists (such as Berbers and Bedouins), hunter-gatherers, Gypsies, vagrants, homeless people, itinerants, runaway slaves, and serfs have always been a thorn in the side of states. Efforts to permanently settle these mobile peoples (sedentarization) seemed to be a perennial state project—perennial, in part, because it so seldom succeeded.” He adds:The more I examined these efforts at sedentarization, the more I came to see them as a state’s attempt to make a society legible, to arrange the population in ways that simplified the classic state functions of taxation, conscription, and prevention of rebellion. . . . I began to see legibility as a central problem in statecraft.