Friday, January 28, 2011

Money Is A Technology

Money is a technology used for leveraging time. I could go a bit further and say that it's a technology for doing a kind of time travel, but that would disappoint the people who like to think of time travel as something Jules Verne or Dr. Who, where you go to places in parallel dimensions, or to the same place, but see it as it will be. Planet of the Apes.

People like to say that money is a tool.

Sure, it is definitely that, but I'd like to posit that credit is a stronger, tougher tool than mere money.

Credit is a technology by which one can avert or forestall a Malthusian disaster.

Use credit to buy seeds, equipment, fertilizer, and other inputs, as well as processing, storage, distribution.

Credit is one of the most effective technologies ever invented. It multiplies the money supply, and helps get capital into the hands of people who will truly make it productive.

The only flaw in this technology is that it is not so much a mechanical technology (using machines, etc.) as a "belief" technology which requires faith and a collective suspension of disbelief. Everyone needs to accept the instrument as real, viable, and ultimately defensible (by someone or something -- the major entity of the day).

Money and Sports and Time: Gambling is another time technology

Sports outcomes contain built-in uncertainty, which make sports amenable to gambling.

How does time factor in it? The outcomes are worth something before they're determined; not so much afterward (except in terms of developing hierarchies).

People place their bets before the sporting event take place (kind of obvious).

Gambling is another time technology.

Are sports economically meaningful without gambling? Is enthusiasm for sports really muscled by its pure entertainment value? Does it contribute to the informal economy in an aggressive way because of gambling -- or, time technology?

Sports-themed restaurants are not so much about the sports as much as they are all about themed networking.

I'm tired of women sportscasters complaining about being treated strangely in the guys' locker rooms. To me, it's painfully disrespectful to hold interviews in locker rooms, regardless of gender.

What's next? Interviews in the bathrooms? In the stalls?

What happened to maintaining a locker room as a sanctuary for the players and coaches -- no outsiders allowed -- EVER.