Money was always an abstraction but now it has been spun so fine its very existence is a thought experiment. It has broken free from its earthly bonds and escaped into the conceptual world... Money turns out to be whatever we agree it to be. It is a collective work of the imagination.This is why I could never make a good businessman. I am just not that big a gambler. And part of me is just plain stubborn, and recoils at such madly illogical groupthink.
From the comments:
Is it really true that we agree to 'collaborate in the illusion of value' or is it the case that we have, in reality, no actual choice whether to agree or not? We know that money is a communal abstraction - an intellectual and pragmatic 'concept-in-action' - but what if it is an abstraction we want to take no part in? ... A remarkably small number of people control the world economy and an unbelievably high number are negatively effected by them. If we could choose to disagree with the abstraction then the illusion disipates and we all go back to zero......And then there's this:
I feel the need for some scapegoats to bring back my confidence in this magic nonsence we currently call money.Well, exactly. If we are all expected to collaborate in the illusion, at least we should expect everybody to play by the rules of the game.
Blair, Brown and Darling in jail would possibly do it.
As it is, the same insiders from Goldman Sachs who caused the current financial crisis are now in charge of