The economy is the activity of exchange between people.
This exchange is bidirectional in most cases, except in some extremeties, such us the ones I will describe here. The bidirectionality refers to goods flowing in one way in exchange for money flowing in the opposite way.
In the first case this bidirectionality is skewed towards money. When no goods are given, yet money is taken, we normally talk about fraud, stealing or robbery. However there are perfectly legal systems of money drainage. Examples flourish, like casinos, lottery, lending of money for extortionate interest rates.
The most extreme example is speculation in stock exchange markets, especially the foreign currency exchanges, or shortly known as forex. Another even deeper example is the computerised trading wherein supercomputers make millions of trades in each second, living completely off the minute transactional differences. This algorithmic trading is closest to a money black hole as we have come yet. What next?
Well, there’s more to come. To answer what exactly is coming would require a prophet, and is thus not attainable easily. However, there is an important lesson at the other end of the stick.
The other end of the stick is the total opposite of the disintegrative phenomena found in the currently bedeviled stock markets. I call this other end of the spectrum the sun.
The sun shines. And it does not ask to get paid. However its gravitational pull is just as strong as that of the black holes.
Who is the sun? Or better, who are the suns?
Let’s use the bidirectionality principle again. Could there be someone who would only give goods and not ask for anything in exchange? Please don’t answer yet, let us just imagine that this is possible.
Take a farmer. A winegrower actually. Imagine that he has a vineyard, and he also has the neccesities to take care of it and produce wine in the end. He starts early in the spring. He has to visit his vineyard regularly, cut the grapevines, tie the stems, protect the plants from harm, choose the proper timing, pick and collect the grapes, squeeze the grapes, have the juice fermented, store the wine, bottle it, and finally sell. Ups, sell? Didn’t I say this ideal man would give everything away? Ok, he would give it away.
But not to anyone. He would only give it away to people who give their product away just as well. And they also give the product away to the people who give it away. How could he know that he is giving his product away to the proper people? Eventually he could do it if he found that his needs are taken care of. This means that he could always give without the need to require something back, but only if he was also given, basically everything that he needed.
A man gives, and a man is given. If this happens, he trusts. He trusts the people around him. When fraudulent people try to enter his circle he recognises them. And pushes them out of the circle in order to protect all the good people.
Fine, you say. But he still needs to replenish his stocks to grow the grapes in the next year. Does he need to get hold of money? Actually not. The stocks can be provided by the people in his circle of trust. It is up to him to remember their good will and repay them when bottles are ready. If this person shines like a sun, it will happen. Or with much better probability than what the financial system provides wherein money is also not returned in very many cases.
If this person is trustful to the level of becoming a sun, then people will come to him to provide what he needs. No systems, no computers, no accounting is needed for that.
Idealistic and naive, I know, but that much worthwhile for that matter.