{"id":19578,"date":"2016-04-06T10:51:45","date_gmt":"2016-04-06T15:51:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19578"},"modified":"2016-04-06T10:51:45","modified_gmt":"2016-04-06T15:51:45","slug":"the-panama-papers-this-is-the-consequence-of-centralized-money-and-power","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19578","title":{"rendered":"The Panama Papers: This Is the Consequence of Centralized Money and Power"},"content":{"rendered":"

The Panama Papers: This Is the Consequence of Centralized Money and Power<\/a><\/h3>\n

Technologies such as the blockchain are enabling alternative ways of creating and distributing money outside central banks and states.<\/i><\/p>\n

If we don’t change the way money is created and distributed, we will never change anything.<\/b>\u00a0This is the core message of my book\u00a0A Radically Beneficial World: Automation, Technology and Creating Jobs for All<\/a>.<\/p>\n

The Panama Papers offer damning proof of this:<\/b>\u00a0increasing concentrations of wealth and power that are free of any constraint (such as taxes) is not just the consequence of centralized money and state power–this inequality is the only possible output of centralized money and state power<\/i>.<\/p>\n

Here is a graphic portrayal of just how concentrated global wealth really is:<\/b>\u00a0the top .7% (less than 1%) own 45% of all global wealth, and the top 8% own 85%.<\/p>\n

\"\"<\/p>\n

Here is a depiction of wealth in the U.S.:<\/p>\n

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Here is my description of how centralized money and finance inevitably creates debt-serfdom as its only possible output:<\/b><\/p>\n

\"\"<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

The Panama Papers: This Is the Consequence of Centralized Money and Power Technologies such as the blockchain are enabling alternative ways of creating and distributing money outside central banks and states. If we don’t change the way money is created and distributed, we will never change anything.\u00a0This is the core message of my book\u00a0A Radically […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[127,536,3731,11222,4924,13259,10715,869],"class_list":["post-19578","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-hugh-smith","tag-money","tag-money-creation","tag-money-distribution","tag-oftwominds","tag-panama-papers","tag-wealth-concentration","tag-wealth-inequality"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19578"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19578\/revisions"}],"predecessor-version":[{"id":19579,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19578\/revisions\/19579"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}