Care and Feeding of a Democracy

I ask the help of readers to distribute this open letter to education bureaucrats at every level from the Federal Cabinet Secretary to each District Superintendent.

Dear Educationist:

We live in a democracy. It is not in good shape today and it shows the characteristics of a plutocracy more than a democracy. Ranking last among the twenty-eight developed democracies, only forty-seven percent of eligible voters actually vote; fifty-three percent, a majority, feel the government doesn’t listen to them or involve itself in their day-to-day lives.

Why is that? The current parties don’t help; they are awash in career protection, political gaming, and allow money to control the perspective of legislation. Nondemocratic processes like gerrymandering and tilting the judicial branch to be politically opinionated doesn’t help either.

This abusive behavior is allowed because many, perhaps a majority of citizens, don’t know how to manage a democracy. Yet the government is owned by the citizens. Imagine the impact of an election where one hundred percent – not forty-seven percent – voted. Imagine if voters knew how to promote referendums. Imagine if more citizens understood the importance of attending local political events – even a school board meeting!

Citizens feel the indifference but don’t know how to change the situation.

It is strongly suggested, indeed intensely advocated, that Civics be taught in every primary and secondary school; a required part of the curriculum. The program should not be based on history as much as how to manage a democracy. True, in the United States the Constitution is important but how does a student work through church versus state, civil liberties, Roe v Wade, the impact of simple tax effects, precedent law, etc. It may be better to have lab projects as the major part of the subject; this would allow actual human impact as part of the learning experience.

Your advocacy and implementation of civics classes is greatly needed to restore our democracy to a healthy state.

Ancient Mariner

 

The Resistance

Mariner receives correspondence from a number of readers. It is obvious that mariner is not an instrument of change, entertainment perhaps, even a puzzle; but not an instrument of change. Readers, indeed all people without exception, except perhaps easily led nonthinkers, have their opinion, whatever its logical or illogical constructs, and will stick to it. Having principles is a good thing.

What drives mariner to frustration is the incongruity of it all. A few examples:

The US is the strongest and purest version of democracy among all nations. Oddly, it ranks last among the 28 democratic nations with only 47% voting. More than half of the electorate (mariner should stop aggrandizing citizens with that term) does not vote.

Oh, but they carry guns in fear of the government invading their homes and stripping them of security and worth. If one thinks about it correctly, the citizens own the government; the government doesn’t own them. Paranoid bullets won’t even be noticed when confronted by the largest, best trained, highly equipped army in the world. But think what an additional 53% of votes would do to an election. If one doesn’t vote, one can’t bitch. The subset of the paranoid citizens that do vote, vote for an Antichrist just to cause trouble for the establishment.

Mariner understands that the heavily capitalist plutocracy that exists today has screwed the labor class and most of the middle class. But causing lasting pain between US allies and disrupting trade and commerce with an incompetent, uneducated president does not help. Building an irrational and largely useless wall may appeal to a dissident’s paranoia but it comes at an even higher price on civility, equality, and freedom – to say nothing about misspent taxes. This is no time for a king, though it must be entertaining for dissidents to watch the conflagration.

Just as horses and much earlier spears became useless because of advances in technology, bullets are on their way out. Even today new technical processes armed with a dissident’s private information can strip them of everything – who needs the government? Most citizens haven’t had time to contemplate about the new world offered by automation and access to universal information. It is time to evaluate what will change. The change will be the greatest shift in human history.

How can Joe Citizen protect himself from the tech/data giants? (This is a magnitude more likely than the government barging in.) Keep the gun as a souvenir but cherish one’s voting registration – and vote, goddammit!

Ancient Mariner.

 

Big Brother has learned to walk – Don’t let him run

[NPR] Google and its YouTube subsidiary will pay $170 million to settle allegations that YouTube collected personal information from children without their parents’ consent, the Federal Trade Commission said Wednesday.

The companies allegedly collected information of children viewing videos on YouTube by tracking users of channels that are directed at kids. YouTube allegedly failed to notify parents or get their consent, violating laws that protect children’s privacy, according to a complaint filed against the companies by the FTC and the New York attorney general.

YouTube earned millions of dollars by then using this information to target ads to the children, according to the complaint.

Amid the more urgent issues causing confusion in Congress (Donald isn’t confused nor does he care if ,in fact, he knows about the issue) is control over the tech/data industry, which while deeply impacting culture and freedom, gets back row to guns, walls, immigrants, Russian interference, noisy tweets, a herd of democrats and blatant racism. Granted, all these issues cause turbulence in the processes of Constitutional democracy. Still, the most influential issue that will really, really make a different society and is at the center of commerce, corporatism, political power, warfare, privacy and security, and even what a person will wear and eat, is the tech-based future.

The future is being transformed by buzzwords like 5G, cloud, Alexa, facial recognition, GPS, robotic consciousness, AI, super computers and smart phones. Of all the issues mentioned in the last paragraph, which can be compared to thunderstorms, Tech/data is comparable to Noah’s flood. Nothing is free of total redefinition when the buzzwords are in play.

As the campaign season begins, there are three issues that rise above the others:

  • Remove Donald from office.
  • Restructure the US economy to include manufacturing.
  • Establish control over the tech/data industry. The public understands clearly why there must be strict regulations about polluting rivers; the public must understand that strict regulations must keep tech/data from polluting the liberties and individuality of a healthy society.

Ancient Mariner

Of God and Country

It seems that an individual selects one’s God and one’s candidate in similar fashion. In these modern religious times, scriptures are less a source for describing god; most believers settle for a God that is very much like them but whose authority is absolute. The same is true with candidates for elected office. Study after study has shown that, in the final analysis, a voter selects the candidate with whom they are most comfortable – the candidate most like them.

A major issue is that the selection process has no absolute, agreed-to plan. One can’t plan God’s will; one can’t plan an elected official’s will. So there is no plan. There are whims and fancies, even a structured belief about what may happen but there is no agreed-to plan.

There never will be a plan. Authority is an individual vice, self-serving and even in its most gracious moments, self-directed. This is why most universal issues, e.g., the fossil fuel industry, discount what others may desire or have insight into – “it’s the money, stupid.”

Just as money yields to more money, power yields to more power. The advantage of God is that God already has all the power and in an orderly way distributes power to all existence – whether it is what voters choose or not – hence global warming. In today’s confusion corporations and technology, both unfettered by meaningful regulation or conscience, seem to have a power approximating God’s. The framework of morality, accountability, fairness and all the other words that constitute human wellbeing are not part of their plan. Like a kindergartener playing with blocks, the attitude is ‘if we can do it, do it’ without consideration to its ramifications.

Mariner, like everyone else in this new century, is caught in the maelstrom. His compass is tossed about by disruptions in his human magnetic field; his vision is blurred by the smoke of confusion and disorder; his personal hopes and dreams are stifled by interruptions and blockages of discord.

Mariner welcomes you to this century. Pick your candidate as carefully as you pick your God – there is no plan.

It is time for a haiku:

Haze rests on the grass.

Squirrels frolic in the trees.

Life starts a new day.

 

Ancient Mariner

 

 

About Labor Unions

Labor unions have been on the decline for several decades. Conservative politicians, businesses and lawsuits limiting union financing are the primary causes. Even more specific, the Internet and advancing technology have changed both the workplace and the treatment of payroll making it a finite overhead that does not flex with profit.

The union model, in place since the start of unions at the beginning of the twentieth century, is corporate-specific; the union is a unit of a specific business and is subject to the condition of that business. Some unions were able to merge with other unions in the same market, e.g., steel, carpentry, autoworkers, truckers, steamfitters, etc. Service unions, e.g., hotel workers and shipping also merged to be a generic force across several businesses. Government unions have survived in democratic states but have been throttled in republican states. A precedent was set at the Federal level when Reagan busted the air traffic controllers union. The following paragraphs succinctly describe the union situation:

[U.S. Labor Unions By Jordan Yadoo]

The Situation

In June, the U.S. Supreme Court found that states cannot require public employees who opt out of union membership to nonetheless help pay for collective bargaining undertaken on their behalf. The court had deadlocked over a similar case in 2016. The decision is expected to reduce the funds unions use to support their members and expand recruitment efforts. And it is likely to cut into their political power, since they’ll have less to spend supporting (mostly Democratic) candidates. The court’s decision was another blow to a system that’s been in decline for years. In 2017, just 10.7 percent of wage and salary workers in the U.S. belonged to a union; almost half the rate in 1983. So-called right-to-work laws, which ban any requirement for employees to pay union dues or fees, are already in place in more than half the states, including the traditional union strongholds of Michigan, Indiana and Wisconsin. In the public sector, where the membership rate has hovered at about 35 percent, unions were already feeling pressure to agree to pay, pension and health-care cuts. There have been a few bright spots: a string of recent successful unionization campaigns by journalists at the Los Angeles Times, Vox Media and MTV News, and a series of teacher strikes in states including West Virginia, Oklahoma, and Colorado that led to salary increases.

In 1935 the National Labor Relations Act codified workers’ rights to unionize and engage in collective bargaining. By the end of the Great Depression, unions grew in strength and number. When the AFL and CIO merged in 1955, more than 1 in 3 American workers had union jobs. But as the U.S. economy shifted from manufacturing to services, unions gradually lost ground. Workplace walkouts declined. From 1970 to 1980, there were an average of 280 work stoppages per year in the U.S. involving 1,000 workers or more; in 2017, there were 7.

Union workers earn about $200 more per week on average than non-union workers, and have better retirement pay and health insurance. Some economists link today’s wage stagnation, broadening income inequality and lack of economic mobility to the decline in unions.

As manufacturing dwindled, the economy depended more on the service industry (restaurants, hotels, transportation, white collar labor, government, etc.) as a significant working class contributor to GDP. The service business model was too eclectic to unionize easily. Most recently teachers and fast food workers have increased their political voices but legislation, business profit models and self-destructing ennui by workers make a recovery of unionization difficult.

Mariner often quotes Deming in his statement that a new paradigm cannot evolve from within the old paradigm. Boy, is that true today! The ‘Establishment’ has reached the end of the road as the entire world jumps into a different reality. This includes the union ‘Establishment.’

Guru suggests that the marriage between business and unions is over. The influence of the Internet and the ability to move whole companies from country to country without disruption eliminates the hold that a union may have on a stationary business operation – the business can just move elsewhere. What unions may evolve into is a guardian of worker wellbeing in general with no specific business relationship.

A good example that exists today is the American Civil Liberties Union (ACLU). The rights of free speech, among other Constitutional rights, is defended constantly not for just paying customers but for all citizens. Consider an American Worker Rights Union that is a constant presence between business practices and worker rights and wages. Another example is the National Organization for Women (NOW).

Mariner remembers his father (Labor Chaplin of Maryland) visiting different unions. They weren’t too far removed from social clubs except that the issues were quite important. Today, this is inefficient. The enemy is a freewheeling corporatism and a plutocratic government. The union defense is in changing legislation and protecting everyone who suffers from illegitimate wages and benefits.

Ancient Mariner

 

Get Mr. Fixit

A few days ago, mariner was reading a piece by Clare Malone who writes for fivethirtyeight.com. She was trying to describe the subtleties of this modern era of politics. She cited statistics that suggested US citizens have doubled in number when it comes to those who pay attention to politics on a daily basis; yet the number of citizens that actually participate physically in some manner, even if attending a school board meeting, remained at the same low level (about 12%). Claire also cited statistics that show the citizenry has very low levels of trust toward their government and is unhappy with the whole phenomenon. She alluded to the separation of politics and morality.

Mariner uses an allegory of a beloved automobile that was bought many, many years ago and has performed through wind and rain, hail, children and dogs, long trips, over stuffed during a number of house moves, two accidents, and still plods on. Today it looks rusty here and there; there are scratches and a dent or two; the driver’s window doesn’t open, the gearshift isn’t trustworthy and the steering wheel is way too loose – turns are a gamble. The vehicle still moves and provides transportation but it is clear the automobile is on borrowed time. It is time to restore it.

The government is like this automobile. As a democracy, it has survived civil war, several depressions and recessions, backroom politics and today it suffers mightily from the influence of money in all its forms – from job security for elected officials, to bribery, to pay to play financing, to dollar-controlled campaigning. The dollar has replaced morality not only in government but in business, classism and day-to-day life. In other words, morality has fallen by the wayside and the wellbeing of the state and its citizens is irrelevant. As Cuba Gooding said, “Show me the money!”

Fortunately, the US Constitution has established democracy as the repair garage. In fact, as social issues get tough – slavery, women’s suffrage, international wars and political diseases like Joe McCarthy and Donald Trump – it is the vote of the citizenry that fixes things.

Consider the following repairs:

Term limits for Congress and the Supreme Court

Elimination of the Electoral College

Independent assignment of districts based on the census

Restructure the Senate to represent the population

Federally controlled/funding of US elections including caps and contributions only from related jurisdictions

Use technology to allow voting at convenient places and times

Automatic registration at age 18

Create a national referendum that, among many issues, will let the citizenry decide policy on guns

Is the voter’s mechanic (candidate) willing to fix these parts?

UNNOTICED NEWS

֎ [Science Magazine] The United States is experiencing a public health epidemic of mass shootings and other forms of gun violence. A convenient response seems to be blaming mental illness; after all, “who in their right mind would do this?” This is utterly wrong. Mental illnesses, certainly severe mental illnesses, are not the major cause of mass shootings. It also is dangerously stigmatizing to people who suffer from these devastating disorders and can subject them to inappropriate restrictions.

According to the National Council for Behavioral Health, the best estimates are that individuals with mental illnesses are responsible for less than 4% of all violent crimes in the United States, and less than a third of people who commit mass shootings are diagnosably mentally ill. Moreover, a large majority of individuals with mental illnesses are not at high risk for committing violent acts. Continuing to blame mental illness distracts from finding the real causes of mass shootings and addressing them directly.

 ֎ [Politico] RUSSIA SANCTION VOTE UNDER SCRUTINY — Earlier this year as Majority Leader Mitch McConnell helped kill an effort to keep painful U.S. sanctions on a Russian aluminum giant, a business deal was brewing in his home state that needed those sanctions gone. A key businessman in Kentucky was courting a Russian investor — Rusal, the Russian aluminum producer — at the same time McConnell was blocking a Democratic-led attempt to maintain those sanctions, the Washington Post reports. Three months later, Rusal and the Kentucky company unveiled plans for a major new partnership.

֎ [USA Today] 300 MILES AWAY – Following wildfires there last month, rare lightning has also recently struck the Arctic. Thunderstorms require air that’s, like, warm. Yet multiple lightning strikes were detected “within 300 miles of the North Pole,” according to the National Weather Service. “This is one of the furthest north lightning strikes in Alaska forecaster memory,” the NWS said.

Ancient Mariner

 

 

The Democratic Hoard + 1

Mariner suspects many voters, like him, have no affinity toward any of the twenty-some democratic candidates. It is a montage for sure. Trevor Noah (Daily Show) presents a bust shot of all the candidates in a single rectangular frame; look closely and one sees a cartoon figure in the last bust shot at the bottom. Indeed. All of them are caricatures of something. In his heart, mariner sees no outstanding, Herculean, Donald-proof candidate. A new candidate is becoming noticed: Tom Steyer.

The good and bad thing about Tom Steyer is that he is worth 1.6 billion dollars. If nothing else, Donald’s bluff about his own wealth and business acumen may not be useful running against a candidate worth ten times as much. Another good thing is that Tom is not a career politician; he lacks the cartoonishness of the democratic hoard.

Interestingly, the Democratic National Committee (DNC) isn’t fond of him and wishes he wouldn’t run for President. If Tom Steyer wins, it can be said that he bought the Presidency; in the future any old billionaire can decide he wants to be president and outspend the opposition. In these times of big money elections, it is still the same but no one who typically runs for office is a billionaire. Billionaires would rather pull the strings behind the curtains – which is no better than one billionaire deciding to step out and run on their own. Truth is, the US is pretty much a plutocracy already.

But Tom puts the electorate on the horns of a dilemma: On the one hand, no one should be able to buy the Presidency – maybe a bunch of party people with a bunch of money – just not one person. On the other hand, Tom has a stellar record as a business man, a liberal philanthropist, an advocate of taking on climate change, and a stated policy that resets taxation and minimum wage. On paper, he is the perfect democratic candidate; not only that, he will intimidate Donald just by showing Donald his checkbook.

To increase a democratic voter’s agony, mariner provides a bit of bio:

Thomas Fahr “Tom” Steyer is an American hedge fund manager, politician, philanthropist, and environmentalist. Steyer is the founder and former Co-Senior Managing Partner of Farallon Capital Management, LLC and the co-founder of Beneficial State Bank.

Tom Steyer was born in 1957 in Manhattan. His mother, Marnie (née Fahr), was a teacher of remedial reading at the Brooklyn House of Detention, and his father, Roy Henry Steyer, was a partner in the New York law firm of Sullivan & Cromwell, and was a prosecutor at the Nuremberg Trials. His father was Jewish, and his mother was Episcopalian.

Steyer attended the Buckley School and Phillips Exeter Academy. He graduated from Yale University summa cum laude in economics and political science, and was elected to Phi Beta Kappa. He was captain of the Yale College soccer team. Steyer received his MBA from Stanford Business School, where he was an Arjay Miller Scholar. He has served on the Stanford University Board of Trustees.

In August 2010, Steyer and his wife joined Warren Buffett, Bill Gates and 37 other American billionaires in pledging to give away at least half their fortunes to worthwhile causes. Business people “are pretty widely mistrusted and seen as overwhelmingly self-interested,” Steyer said. “The point is that business people are not just laboring for themselves. They have bigger responsibilities and belong to a wider community.”

In 2013, Steyer founded NextGen Climate (now NextGen America), an environmental advocacy nonprofit and political action committee. Steyer’s platform emphasizes fighting climate change and structural political reforms such as term limits for members of Congress and creating a national referendum process. Steyer has also been a prominent advocate of impeaching President Donald Trump.

Steyer has been the single biggest donor in disclosed political giving over the 2014-2018 election cycles, spending $245 million dollars over that time span, all to help Democrats. (Though it’s possible that other rich people spent more in undisclosed “dark money.”)

A near perfect remedy to Donald’s abusive shenanigans. But – should one person singlehandedly be able to dominate the airwaves, campaign machinery and beholding to no one – and be our President?

Oh, the agony. Mariner would vote for a dead goldfish over Donald but there are principles. Oh, the agony.

Ancient Mariner

 

REPRINT!!

Danger Ahead

If there is any strength the US has to stand up against a hostile world, it is the US Intelligence Service. Coupled with the best funded military in the world, other nations think twice about taking on the US mano-a-mano.

In this most serious sector of US policy, Donald is showing his disregard for US security in favor of money schemes and showing his incompetence as a Commander-in-Chief.

This is beyond political rhetoric, beyond the politics of ‘the base’, beyond the dysfunctional condition of Congress. Donald is, in a seriously inept way, playing with the security of the US – a monkey with keys to the vault. He has no regard for anything that does not add wealth to his pocket. Under his leadership, the subtleties of international relationships are irrelevant.

Unfortunately, there is no Congress to take him to task. The electorate must suffer through an ever increasing dismantle of the US image and its authority. The electorate must endure to the election. The nation is at risk in a way that has not existed since the Second World War.

Ignore the ‘base’; ignore the do-nothing-Congress; ignore the true conflict surrounding the loss of jobs under Reaganism – the security of the US is at stake.

Ancient Mariner

Guruvian Observations

Guru, the alter ego who views humanity and the universe from somewhere around Neptune, predicted during the first Obama administration a Donald-like bowling ball. Not that Guru is a genius – many predictions are whimsy – but Guru hit the bullseye on this one. The federal government had become irrelevant to citizen reality. The election process, indeed the daily ritual once elected, was tightly wrapped around raising money rather than pursuing the American dream. Ex-senator Al Franken confessed on a late night TV talk show that the first five hours of every day were spent calling donors and lobbyists to raise money not just for Al but for the Democratic Party. It was the same with the republicans.

Campaigning had become a traveling carnival complete with snake oil salesmen who did not base rhetoric on problem solving but rather reinforced the insecurities of the electorate should something actually change. Meanwhile, the electorate reality was indeed changing; the economy was slanted toward shareholders and investment, leaving actual labor investment in the dust. Ignoring the wellbeing of the electorate – especially their economic wellbeing – is a recipe for populism. Elected officials were about as useful as bowling pins.

Along came Donald. A bowling ball made to order. Pick any analogy: a bull in a china shop, a landslide blocking the highway, a spilled garbage can. As has been widely reported, three rustbelt states took advantage of the Electoral College to overthrow the popular vote in the 2016 election. Populism took charge via Donald.

What is good about populism is that it forces instability; it disrupts the status quo; it makes things uncomfortable for the irrelevant processes of a stagnant culture.

What is bad about populism is its mindless destruction; it throws out the good with the bad; it wounds the culture in a way that will take time to heal; it ignores opportunity in order to sustain disruption.

The days of the guillotine have passed. Fortunately, the United States is isolated between two oceans and inherited an immense wealth in a newly discovered continent. Otherwise, one wonders whether war, destruction and murder, as observed today in other parts of the world, would be the process for US populism.

Guru still is concerned whether the ship of state and the state of the electorate will be stable enough to receive a turbulent century of unknown disruption to society, economics, environment and day-to-day survival.

– – – –

TO BE NOTED:

Havin’ a heat wave ♪

[The Washington Post] In what has become a seemingly monthly entry, this past July was not only the hottest July but also the hottest month on Earth in recorded history. It was so hot that wildfires ravaged millions of acres of the Arctic and swaths of Europe set record highs, including 108.7 degrees in Paris. July 2019 “beat” July 2016 — a month further warmed by “an extremely strong El Niño” — by about 0.07 degrees, according to the European Union’s Copernicus Climate Change Service.

Ancient Mariner

 

What’s a ‘Job’?

Everyone must know by now that the twenty-first century is a century of unbelievable change. Much more upheaval to society than had by taming horses, discovering electricity, inventing gunpowder, defining economic theories, the internal combustion engine, or plastic. War is changing from gunpowder-driven murder to electronic invasion. The weather is changing. The biosphere is in the midst of crumbling. Think of something; it will change – if it still exists by 2100.

Even jobs will change. In fact, the reader must imagine that they’ve never heard the word. Or that particular meaning of the word ‘work.’ Mariner has presented the statistics in earlier posts. Just a few examples that soon will disappear are truck drivers, motel employees, white collar employees, primary care physicians, many creative writers and musicians, many fiction authors. Of course, the list is endless. Truth be told, how the entire economy functions will change.

For the purpose of this post, the word ‘value’ will replace the word ‘job.’ A sample of how to use value was proffered by mariner years ago in a post that said a mother deserves recompense (cash will be gone, too) for raising children. One could ask, “What’s your primary value?” “Raising my children,” she would reply. This is not a new idea.

In 1935 President Roosevelt (AKA FDR) signed into law a bill creating the Works Progress Administration (WPA). It was during the depression and money just wasn’t to be had because the public, in general, wasn’t ‘working’.

“While FDR believed in the elementary principles of justice and fairness, he also expressed disdain for doling out welfare to otherwise able workers. So, in return for monetary aid, WPA workers built highways, schools, hospitals, airports and playgrounds. They restored theaters–such as the Dock Street Theater in Charleston, S.C.–and built the ski lodge at Oregon’s Mt. Hood. The WPA also put actors, writers and other creative arts professionals back to work by sponsoring federally funded plays, art projects, such as murals on public buildings, and literary publications. FDR safeguarded private enterprise from competition with WPA projects by including a provision in the act that placed wage and price controls on federally funded products or services.”[1]

A few things to place in mind: FDR taxed income above $25,000 ($460,000 today) at 100%; the Green New Deal legislation in the House today uses this WPA idea to create jobs that return manufacturing to the economy except it uses private companies to bid for contracts; FDR had no choice but to underwrite WWII in the depth of the depression (the war, however, launched the US into a new economy).

Returning to employment value, it may be that significantly more people will contribute to local projects, volunteer for special needs and create home services and homemade products that improve the value of community life or provide government services similar to the WPA. This interpretation of value for pay can only succeed if government provides a livable base of income for all citizens. True, many if not most individuals still will provide value through typical employment for pay. Even today with a growing number of elderly and retired individuals, and millennials already putting off normal life expectations, a significant percentage of citizens would have a more stable lifestyle if government paid a stipend today.

Two financial conditions must be in place to ease the move from ‘job’ to ‘value’: The tax code must be transformed and cash must be transformed.

TAXES. Everyone will agree that paying taxes is a silly, expensive game. And game is the right word because the complexity is nothing more than years and years of fixes by the wealthy, corporations, banks and lobbyists. Taxes should be nothing more than a statement sent to each individual. In other words, an individual’s taxes are paid through their place of employment – ‘paid’ not withheld. The stipend would not be taxable. In fact, employers would be taxed by size and number of employees as well as by profit.

CASH. Today cash already has started to fade. Increasing numbers of companies will not handle cash – especially retail stores. The next item that should be removed is credit cards. Banks relish being in the middle of a person’s assets, liquid or invested. Banks make huge profits for being nothing more than bookkeepers.

Politics certainly will interfere when the role of banks is challenged but modern technology is so fast and so intricately connected that big banks aren’t needed in the future. The reader may already have come across the term cryptocurrency. Unlike banks, cryptocurrency is one single database called a blockchain that keeps track of every individual’s financial activity. Once cryptocurrency is de rigueur, money will be no more than an electronic transaction called a bitcoin. Historically speaking, humans have progressed from paying bills with chickens and bags of flour to pieces of metal or shells to pieces of paper called money to not having to carry anything to perform financial transactions. Just ask Ethiopians – they’ve been doing it for many years.

The redefinition of job to value, the reinvention of taxes and the conversion to electronic money each will take decades if not generations to be accomplished. But, we have a whole century . . .

Ancient Mariner

[1] https://www.history.com/this-day-in-history/fdr-creates-the-wpa