Money & Its Transactional Nature: What Happens When Such Value Is Gone?
People are transactional, always giving off something to get another. We cannot completely provide for our needs even if we have the means/money to do so, we still need to exchange money for the primary needs/wants we have.
Having money is not enough, we still need our ability to bargain and purchase, even when we can do that, there still has to be the availability of our primary needs, so that we can flex or prove the depth of our Money or purchasing power.
Throughout our lives, we're always exchanging the rewards for the value we offer so that we can go by in life. Every day, we're laden with the responsibility of making tough choices, choosing what's best for us by giving out one of the biggest things we value: money.
Shot, edited, owned by me
The Value We Place On Money Is Overwhelming
This is how it is, and this is how it might remain
Meanwhile, it is just a tool, we're the enforcer of the value it secondarily brings. The value lies within, the money is just the reward. However, we don't realize this, unless we cannot use it (money) to access or grant the primary needs we have.
However, due to the advancement of technology, the functionalities of money have become even more potent. The evidence of money in itself opens doors and builds connections.
Because of the value we associate with money, it's easier to underrate the things it can buy especially when we we have the notion that having excessive of it can even cure man-made problems like scarcity or exploitation.
Scarcity comes with a price but, not in deteriorating system
However, I've seen situations where money is useless against the need/want or service we want to use it to take care of. For example, a person might have money in the bank and still die from medical emergencies because the accessibility to their money wasn't timely enough to take care of their medical emergency.
Money can outlive its usefulness in some cases if it's not immediately functional, however, we have to live in a severely damaged human utopia for this to be constant. I love watching post-apocalyptic movies because these movies are proof of what the universe would be like when the structural system that upholds law and order is no longer working.
Evaluating Money, Law & Order
Nigeria for example is getting to that place where law and order fail and it's impossible to impose sanity into the lives of people.
A lot of people argue that it's difficult for a man to reach the highest stage of lawlessness, but a continuation of violation of people by a group of small oligarchs who calls themselves politicians will turn a federal republic into small groups of people who are constantly seeking secession.
It'll create individuals who will choose to better their lives rather than obey law and order or choose to be good citizens. A system cannot oppose order when they've failed to provide and ensure functionality in all sectors.
Fiat is King: Bank Who?
Nigeria is a country that has failed in every sector, but it still hurts to see that we're in the 21st century and people are still resorting to trade by barter as a viable means of exchange, even if the proper valuation is not established. In reality, fiat now feels like king as against the economic ideology that having money in the bank is way better than easier accessibility to cash or cash at hand.
So people are beginning to understand the fact that money in the bank just figures on a screen. The banks as the apex finance sectors are the true decider of what people can have access to, while this seems normal, it is actually worse than it seems.
Dysfunctional Monetary policies
Government policies denying people access to their money is another proof of disorder, this is to prove that sometimes we're the best custodians of our money. In the future, the arbitrary access to people's money by third-party organizations to people's might prove to be fatal.
Now, It's been 3 months since the monetary system in Nigeria failed. It's interesting however to understand that when systems fail, it isn't completely the disadvantage of everyone.
I read lord of the flies as a young literature tutor, and you could see how kids were in the difficult situation of finding themselves on an unknown island facing danger and demise, but some of the kids craving leadership and power, used that negative situation to enjoy the power they never had in their respective homes.
Interested in some more of my works?
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Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
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