Thursday, September 17, 2020

It's Money That Matters?


I haven't read this book, and I probably won't.  The NPR program that's going to interview Mr. Goldstein says his thesis is that we've all "swallowed hard" and agreed that currency has value.

And that, of course, is the only reason it does.  Funnier still we've all agreed the digits in our bank accounts, themselves existing only in computer data bases, represent value and even property and ownership.  If we all decided tomorrow that wasn't true, it would all go "poof!" more absolutely and surely than a child's disbelief in Santa Claus.

Funny, huh?

Arch-materialists and atheists and religion-deniers of all stripes never deny the value of money.  Never.  They might not think much of it, from perches of comfort and convenience bought and paid for by this fiction we all agree is real.  They denounce as fiction what they don't agree is real:  God, spirit, soul.  But money?  That's meddling with primal forces.

We all knew what Ned Beatty meant when he shouted that at poor Howard Beale, and no one who watched that scene thought for a moment he was shouting about a fiction.  But money is just as fictional as Howard Beale or Batman or John Wayne.  It's "a made-up thing."  But we all agree on what it is, and that it is valuable, and that's enough.  Sorta like we all agree to tell our kids about Santa Claus, and are mildly scandalized by any parent with the temerity not to uphold the fable.  But an adult who denies the reality of money?  Who would even take them seriously?

How real is it, though? I've probably mentioned before, about a sci-fi apocalyptic TV series, where our heroes find themselves hiding from the monsters (vampires, if I remember) in an abandoned armored car, still full of paper bills.  They remark how this paper was once of great value; but now the only value in life is staying alive, and evading the monsters.  It would take a cataclysm on the order of a post-apocalyptic world to destroy the value of money; but it is still "a made-up thing."  And yet we all agree to the fiction.

And why?  The same reason we don't bring our brother who thinks he's a chicken to the doctor.  Because we need the eggs.

This is not an argument that "God" is as fictional a concept as "money."  Quite the opposite.  It's an argument that which fictional concept you can live with is a matter of choice, not of reason or logic or ratiocination or even blind faith.  Then again, who ever thinks to question the value of money?  And to those who do we always respond "Yeah, that's because you don't have any."  Everybody knows more money is better than less money.  Everybody knows money makes the world go around, the world go around, the world go around.  Everybody agrees "PFFFTTT!" on being poor.

Poverty sucks.  It's money that matters.

But money is purely a human-made fiction.  The God of Abraham is not a fiction; not a human creation; not a human desire given false life.  The God of Abraham doesn't really offer comfort or security or safety from enemies or sanctity and preservation from ill and evil.  Idols do that.  There's a reason the Israelites so denigrated idols:  they are human creations, they are the stuff of human desires.  They have no power, except the power we give them, and we give them power over us in hopes our lot improves from the relationship.  How does that not perfectly describe money?

The God of Abraham tells Abraham your descendants will be as many as the stars in the sky, as the sand on the shore.  What good is that to Abraham?  He'll never live to see it.  The God of Abraham tells Abraham to walk with God and go to a new place.  Why?  How dangerous is that gonna be?  The God of Abraham gives Abraham one son, late in life.  Abraham gets impatient and has Ishmael by his wife's servant.  What happened to the descendants as many as stars in the sky?  Family was a sign of wealth and blessing.  Abraham had one child, and God told him to take that child to Moriah, and offer him as sacrifice.

What kind of God of human desires is this?

The God of Abraham appears to Moses and says "Lead my people out of Egypt."  And Moses does, and then the people build a golden calf, and God says "That's it.  40 years in the wilderness for you."  And when they finally get where they're going, they get tired of judges ruling over them, settling disputes and keeping everything moving, and they demand a king like everybody else has.   And God tells them it's a terrible idea and they say "We don't care!" and God says "Fine," and they get David soon enough, but they end up with Solomon.  Whose wisdom and reputation are all purchased, at the cost, eventually, of Israel's freedom.

What kind of God of human desires is this?

It's because the God of Abraham, Isaac, and Jacob is not a god of human desires that Israel turns again to idols, turns away from the law of Moses, and finds itself in Babylon, in the Exile.

What kind of God of human desires is this?

And money?  What does money do for you?  Go to the grave with you?  End your days by your deathbed?  Offer you paradise?  Comfort you?  Buy you love?  Of course not.  It's a made-up thing.  Superman isn't coming to your rescue, either.  Batman ain't gonna help you out.  Tony Stark ain't comin' by for a beer and a chat about quantum mechanics.  They're made up; just like money.  But we insist upon the reality of money, and so it is real.  In all the current fiction that I call "Adonais" fiction (from the ST:OS episode, "Who Mourns For Adonais?"), where it's popular to portray gods as fictional characters or, as Neil Gaiman did, invent whole new gods (American  Gods), all based on the idea they "exist" because we agree they exist, nobody ever brings up money as a god.

But it is, of course.  It is the absolute god we all bow down to, worship, pursue, examine for what our future will be or how our present is going.  I've been in buildings clearly built as absolute temples of money:  physical manifestations of what this fiction can do and how important it is to believe.

And curiously, the alternative is:  what?  What is the opposite of believing this fiction?

4 comments:

  1. It's not just money. By profession I am a patent attorney (more accurately I am an intellectual property attorney, but I prefer the term patent attorney since any lawyer can call themselves an intellectual property attorney whereas to be a patent attorney requires a technical degree and admission to the US Patent Office bar). All day I deal with things that don't exist. What is an invention, a copyright, a trademark? They might be embodied in an object (often not anymore), yet we give them great value. Created by the human mind, and endowed by law with value. A patent is a right to exclude others from practicing your invention, a copyright is a right to exclude others from copying, a trademark is an exclusive right to use a symbol to identify a good or service. Copyrights, for example music and software, are now mostly electronic ones and zeros, trademarks are symbols, patents might be on an object, but they can also just be a series of steps.

    It's called intellectual property because it only really exists in our heads and our beliefs, there isn't anything physical. (You might have a painting. Transfer of the painting is controlled by chattel law, but the copyright is separate and about preventing copying). All our biggest and fastest growing companies are based almost exclusively on intellectual property. Microsoft, Google, Amazon (they make much more money with cloud services than selling ping pong balls or spatulas), Apple, Oracle, it goes on and on. These rights only exist because we agree to them and enforce them by statute. We even agree when they end. Trademarks can theoretically last forever, copyrights have some termination date (but lobbying by Disney and such have extended them beyond recognition and harm to the public good) and patents end in 20 years. On a pharmaceutical, one day the patent is worth millions, and when the patent expires, it's worth nothing. Nothing changes other than our agreed understanding. Nothing.

    When I work on a patent license I am working on a double abstraction, granting "rights" to a bundle of "rights". The license rights are just agreement and belief about the intellectual property rights which are just agreement and belief.

    (Is it a wonder when I go home I want to make dinner and spend some time building in the shop? Finally, something physical and real.)

    Our money is mostly useful because the government demands payment in its own currency. Cryptocurrency is an attempt to exclude government from even that, with a faith in "technology", our new god, as the basis for value. (Look how well that is working out with Bitcoin rocketing up and down. You would have better luck at the casino.)

    Our faith in money, our faith in intellectual property, our faith in technology, and yet somehow it's the faith in God that is the irredeemable offense.

    Yet it is in faith I see the concrete. Love under the most broken of circumstances. The addict saved from the self made hell. Acts of courage, fortitude and stamina that defy any logic. Joy arising from darkness, inspiration from adversity, kindness and love in answer to hate. These are real. I may earn the days wage from the abstract, but I choose to live in this real world of faith.

    ReplyDelete
  2. Purely an intellectual exercise (your comment deserves better than this) but if I violate the “fiction” of copyright law, there’s a punishment available. How do I violate the fiction of money? What happens if I do?

    (It’s a legit question, not a snarky one. And it comes out of what you said. What is our relationship to the abstract?)

    ReplyDelete
  3. I don't think it snarky, but an interesting question. If I "download" some software, I really just change some binary ones and zeros in my computer so they match the someone else's software. What have I taken from them? Yet we assess a penalty as you point out.

    If I go into the bank computer, and "transfer" money from your account to mine, really again I just change some binary ones and zeros. Again, we would call that theft. Because of our societal agreement, it has real consequences for you, you can't pay your mortgage. In either case, nothing physical has been taken, it's by our belief that a violation has occurred. (As a final thought, if I walked by your table at a restaurant and swiped your phone, as a society we would probably treat that more harshly than if I worked at the bank and transferred your life savings to a secret account in the Cayman islands. One is property crime, the other white collar.)

    ReplyDelete
  4. Yeah, we have a real problem with crime, based on property v. the abstract concept of property. A man steals a loaf of bread to feed his starving family, he's a thief. A man steals the mortgages of millions to sell them in a kind of Ponzi scheme as "securities." the government pays him back so the financial system won't crash.

    And what would have crashed? Money? No; confidence in the "system." That's all that keeps it afloat. There was a Monty Python sketch where a hypnotist put buildings up in seconds by hypnosis. The tenants had to keep believing the building was standing; when they stopped having "faith," the building teetered and they had to reassert their convictions again.

    Atheists and "Free thinkers" (19th century) think they have destroyed the concept of "faith" because they think faith is "believin' what you know ain't so." And money is certainly "so." We all agree on that. And if we didn't? Would the building teeter? Would it fall? Theology actually allows for doubt about God. The Hebrew Scriptures are full of complaints by the prophets; by Moses, by Joshua, by almost every major figure except Abraham (!), challenges to God, anger, debate. Who debates money? The only debate is whether we have enough, or whether it is in the wrong hands, or whether or not it really is a primal force.

    Curiouser and curiouser.

    ReplyDelete