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By: Marcus Perriello | Our Voice Contributor
It is widely accepted that the harder you work, the greater your chances of success. The reality, however, is the “smarter” you work, the greater your chances of success. Just observe anyone in the 1% – how they behave, what their history is like, what their political and economic views are, who they surround themselves with – and you will see a common thread therein that tells you all you need to know about what it takes to truly achieve greater feats of wealth and power.
Most of this is usually passed down through some form of social lineage like bloodlines or close-knit groups of like-minded individuals. While there are some instances where an outsider rises to power and gains wealth beyond imagination, there are still certain qualities these individuals possess that play key roles in how and why they got to that point. Likewise, there are certain characteristics and traits shared among the masses that prevent them from being able to climb out of poverty. It is the fundamental differences in culture between these two groups that show us why each group falls into the categories that they do. These differences also reveal what leads people to their station in life. They also provide a blueprint that guides them blindly into the future whereby the cycle of inequality and unrest continues to thrive unscathed.
Throughout history societies have used quantitative comparison to measure worth. The bigger the gold nugget, the more dollars are needed to balance the scale giving the equitable trade value. The more hours a person works, the more that person wants to get paid in trade. The longer a worker’s tenure, the more that worker feels their worth as a result of experience and growing expertise. The bigger the debt, the more times over it has to be repaid through interest. This is what quantitative comparison is all about: Using observable phenomena to determine the terms of equity.
The flaw in this method is that such activities can be easily manipulated to benefit one group more than another. Such extreme disparity is created, reaching a point of critical mass that sparks a revolution. Within this cycle lies a set of common goals shared by all people: The instinct to survive, and the potential for personal profit.
The profit motive behind the institution is obvious; but the profit motive behind the patron, while inextricably linked, moves in the opposite direction. It is apparent here that Capitalism is in fact a balancing act in and of itself. The more balanced the economic system in question is, the greater the prosperity of the subsidiary societies.
It is the differences between the 1% and the 99% that leaves that system so top-heavy that it eventually collapses under its own weight, without exception. As long as the 99% are systemically beholden to the 1%, there can never be true balance and the cycle of inequality and eventual revolution will continue.
This brings us to the conclusion that somehow this systemic inter-dependency must be severed in order to properly restore balance and allow for greater prosperity for all people. The Hydrodollar system does not use quantitative comparison in the conventional sense and therefore is not bound by the limitations of that practice.
Instead, the strength of the Hydrodollar system is systemically bound by the both the ability and the actions of society to strengthen the ecosystem and more adequately utilize the natural environment to ensure the health and prosperity of all life. The one quantitative comparison measure that still exists within this system is the amount of natural resources compared to the physical amount of currency that can be printed into existence each year. Rather than using the rollover method, which leads to more debt and greater chances of conflict, the Hydrodollar system separates economic activity through a combination of an annual value assignment, determined through the global water table metric, and the national GDP.
The global water table is used to determine the intrinsic value of the currency for the following year, whereas the national GDP is used to determine the proportionate rate in percentage at which physical currency can be printed. If the national GDP goes up 5%, the amount of physical currency that can be printed for the following year will increase by 5%. If it is down 5%, the physical currency printed into circulation decreases 5%.
There is still the issue of digital currency. Normally, digital currency is used just like cash (Debit), or as debt (Credit). The way the Hydrodollar system is structured allows for the elimination of debt so that all digital transactions can be just as easily utilized as physical currency, and with no incentive to use debt as a tool of oppression.
Nowadays, using a card to pay for goods and services is just as psychologically fulfilling as using physical currency. We are transitioning, as a society, from a cash society to one dependent on numbers in cyberspace. Only 3% of the U.S. economy is comprised of physical assets, which leaves the other 97% totally existing in the digital realm. Already we can see that the inter-dependency between the 1% and the 99% is no longer necessary, but the infrastructure of the monetary system is still reflective of when we used to operate strictly as a cash society. When the Hydrodollar system is implemented, this inter-dependency will be completely eliminated. This brings up the question of jobs.
If the 99% are no longer beholden to the 1% in order to obtain a standard of living, how will society thrive? There are a few parts to this riddle:
- A Universal Basic Income provides an individualized platform from which everyone can launch their own respective visions for the future.
- As automation and more efficient production methods are adopted more extensively, the 1% become less and less dependent on the 99% by default to run their businesses, which opens the door for more opportunities among the 99% to contribute to society in their own ways.
- As more resources become available through the actions taken due to the incentives built into the Hydrodollar system, products and services become intrinsically less expensive due to the increased supply meeting demand and more competition from smaller independent business opportunities allotted to the 99%.
Not only does this present its own set of new challenges, but it also provides a baseline from which people can work towards a more balanced lifestyle as opposed to being forced to dedicate their lives to complete and utter burn-out. At this stage, people can begin to utilize technology in ways that can minimize labor and maximize productivity, as well as create more free time to engage in more outside activities. Getting away from this culture of romanticizing burn-out is essential to a healthy and prosperous future for all people.
The human physiology is designed to withstand only so much before it breaks. Countries who are paid more, work less, and engage in a more diverse array of outside activities are the happier and healthier cultures for that very reason. The Hydrodollar system allows us to move towards a society of balance, happiness and prosperity while providing all the incentives to push ourselves in a positive direction. Better balance in life also means reduced stress, which means better health, more happiness, and longer lifespans. This, in and of itself, reduces the cost of Healthcare, proving the Right-Wing talking points wrong and showing that there is a way to have a system that works for all people and not just the wealthy few.