Based on a similar experience in history, I ask: "Is the money system changing again?".
Let's start the subject from history and start to bring it up to date. Get
ready, we are making a little journey into the depths of history…
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Medieval
Feudalism
In the middle ages, serfs in Europe, that is, slaves were the property of the landowner. The landowner would house these slaves on his land, surrounded by castles and fortifications, ensure life safety and, in return, employ them as unpaid agricultural workers. This is 'Feudality', a concept that we are all familiar with. Feudality is also a system of slavery, and although this system manifests differently in each geography and is called by different names, it basically always points to a single economic order. However, as a result of the 'big event' experienced in Europe during the Middle Ages, the slavery order we have mentioned has gradually declined and it has been replaced by the 'Wage Work Order'.
The
Black Plague is Changing the Economic System!
This big event was the 'Black Plague'.
The Plague Epidemic started in China at the beginning of the 14th century.
Although still uncertain today, the epidemic is thought to have been
transmitted across Europe by the Mongolian army, which encircled a Genoese
trade city in Crimea in 1347. The Mongolian army plague threw corpses on the
city dwellers with catapults to surrender, causing the virus to spread.
According to this scenario, the virus soon spread to the trade zone, and this
spread to Italy, then Spain and France, and then to Europe, by the Genoese
trade caravans. This plague killed poor and rich people; Queen Leanor, wife of
Pedro IV, king of Aragon (a kingdom that ruled east of Spain at that time), died
after the bride of the king of Castile (Spain's kingdom of Spain) the daughter
of Alexander XI and Joan of England king Edward III. The Plague Outbreak caused
the death of half of the population in northwest Europe between 1347 and 1350 and then repeated two more evolution in 1361 and 1369.
Landowners had to transfer workers for high wages, as the Black Plague reduced
the number of serfs to be run in northwest Europe by half. These workers were
not slave status anymore. They were paid for their labor effort. In fact, the
Kingdom of England passed two laws in 1349 and 1351 to limit the status of wage
workers and the over-expensive in the labor market. These laws are:
1-The Ordinance of Labourers
2-The
Statue of Labourers
The Black Plague thus initiated the chain of events leading to the emergence of
today's capitalism and radically changed the economic order. Unlike slaves,
14th-century wage workers had the following rights:
1-Self-selection of the owner
2-Requesting a fee for
labor effort
3-Changing
the owner for better conditions
In the 21st century world, this paid work order has changed its basics and
companies have replaced landowners. The economic order has been shaped
according to this system and the socio-economic order has radically changed.
However, there is a very important difference between the 14th century English
worker and the 21st-century worker in terms of freedoms.
In the 600 years that passed, that is, the only new freedom given to humanity
in the early 1900s: it was the freedom to comfortably spend the money it earned
through cash and the advanced capitalist order. When the freedom of access to
services and property within the capitalist order was combined with the freedom
to spend the wage earned by the worker, a freer spending environment was
created compared to previous periods. In addition, the ability of a central
bank in charge of each country to print a local currency that can be converted
to all other currencies strengthened the 'tradable' feature of money compared
to previous periods. Cash, which is a part of the economic system in the 20th
century has led to the development of inter-country trade and the ability of
people to spend what they earn outside the control of any authority. The National
Mint, which was established in the United States in 1792, minted the gold coins
of 5, 10 and 20 US dollars until 1933, and the coins were used as payment
instruments until that year. However, since there is no central bank, many
different coins were used in different regions. Until 1933, 6000 kinds of
banknotes were used in the lands of today's US borders. They could only see
which of them was fake and which was real only with a stamp on which banker or
private bank gave that banknote. This limited the ability of money to
'swap ability' and 'absolute reliability'. So someone in Florida couldn't spend
his money in New York as comfortably and reliably as it is today. This shows
the importance of cash in the 20th century.
In short: Even though we
did not like the advanced capitalism of the 20th century, it provided a freedom
to humanity, unlike the 14th-century mankind and before.
However,
it is useful to say that. Except for the minor liberties in itself, the current
capitalist order has turned us, humans, into 'free slaves'.
No
longer a Slave: We Are 'Free Slave'
If
a Roman slave; If we asked, "You want to see yourself as a free person,
how will it contribute your life quality?". He/she would say: ''I
would work again to be full up, but I would decide where and under what
conditions. For example, the following German landowners offered their slaves 2
meals and good opportunities. I would rather wish to be a slave there.''.
Since there was no working class at that time and the slaves were not working
with wages, the criterion would be the number of meals provided, not as it is
today, and would have chosen to be 'slave again' in a better environment to
survive.
There
are three separate requests that the slave basically demands as a free person,
unlike a non-free slave:
1-To
determine where he will be a slave
2-Better
nutrition opportunity
3-A
better landowner
When
we look at today's blue and white-collar employees, these are basically what
they want. The difference will be apparent when we substitute the words ‘working’
instead of "slave" and ‘company’ instead of ‘landowner’. Are we
really 'free slaves'?
Everyone may have a different answer, but when we examine the major changes
in the history of humanity and interpret the data we obtain today, we face a
different reality that we have to face.
Cashless Society Project
It
seems that the root of capitalism, which sprouted with an outbreak from China
in the 14th century and which has developed in the 20th century, will fade away
with an epidemic which is called 'Covid-19' from China. The 21st century is
conceived in a brand new economic order. The cornerstone of this order is
considered as the 'Cashless Society Project' and its purpose is; taking the
last freedom in the hands of mankind whose the only difference from a free
slave is to spend what he/she earns easily through cash, without centralized
management. In other words, cash money has no place in the new global monetary
system that will occur with the disappearance of capitalism.
We
are already experiencing a preliminary stage of this order with the appearance
of Paypal since 2002. Even though it has nothing to do with the new monetary
system ahead, the process we have experienced since 2002 has enabled people to
reduce their dependence on cash and to look hot on a digital cryptocurrency. If
we consider that only 12% of the money circulating in the world today is cash, we
can see how humanity is cut off from cash and prepared for something new.
No
data in statistics is in vain.
With
the upcoming new monetary system, humanity seems to miss even being a 'free
slave'. Because now it is predicted that we will be the 'digital slaves' whose
last freedom has been taken away.
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