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Damn there is a lot going on at the moment and I could write 20 posts in a row and not cover them all - though the Bitcoin pump probably capturing a lot of the attention. While this is being attributed to Elon Musk, I kind of hope it is more the result of the GameStop play, where after raiding the coffers of hedge funds, they are using it to bankroll their entry into crypto. That would be newsworthy, wouldn't it? 

However, I think that the Tweet from musk shows how much influence a real influencer can have on an industry and I hope that he will use his powers for good, instead of *Goovil* - Google Evil. Alphabet are extending their threats in Australia against the possibility of having to pay for news content and are now facing increasing enquiries into their activities, including the continued mention of the 4.8 billion in reported revenue, but  only the 59 million paid in tax. 

![image.png](https://images.hive.blog/DQmW44BqL3Lc9Z1VLuTApgfrnfp9DNHdEhUJno78oVDKQYv/image.png)

On top of this, as I mentioned last night in a post about what is going on in regards to the GameStop market action, that the trading platform Robinhood is going to face some harsh criticism - which is already being addressed publicly by members of congress and other interested parties who are weighing in their opinions, creating a storm of media circling the financial activity and the protections being put in place for the rich, against the rest. 

With BTC pumping and up 20%+ in five hours, it is further going to fan the flames of the spot fires being ignited around the globe and under the toes of the groups who have been insulated from the heat for so long. While the likes of Alphabet and Facebook are retaliating with ultimatums to deny service, I believe that the companies who will truly survive long term are those who will start to recognize the reality of the situation - that unless the distribution of wealth changes, the system will collapse altogether and we will all devolve. 

The new economy however needs to be sustainable, which means that the distribution isn't just a wealth transfer, but a reconnection of value to activity, with the activity being something that brings value to the greater community. I think that what people are starting to realize, is that most of the financial vehicles that the wealthy use to gain more wealth, actually don't do anything valuable for society itself. What "good" does shorting stock do, or at least, could that investment be better used to generate value, even if the monetary ROI is lower?

I believe that while perhaps unlikely, a return to "values" where work matters, will go a long way to improving the economic and social landscapes, by finance used to build what is important to us. The greatest rewards shouldn't be on non-generative activity, it should be on activity that improves our capabilities as individuals in a society. Wealth for wealth's sake isn't going to cut it, nor is wealth for oppression and manipulation over others.

At some point, we are going to have to make decisions on how we behave, as it isn't the amount of money we have that matters, it is how we use it. When each participant is thinking globally and acting locally with their wealth in the direction of improvement, things actually improve. When there is no tether between earning and well-being, we devolve, as the focus to earn becomes one of an, "at any cost" mentality. Wealth isn't health and when a society crumbles, it isn't pleasant for anyone - no matter how much is in the bank.

For too long, the economic incentives have encouraged a disconnection and siloing of the "elite", insulating them from the repercussions of not adding value to the greater market, while extracting and circulating it at the top only. This detachment means that there is no requirement to deal with the ills of society as it isn't seen, it is swept under the carpet, out of sight - but more and more, the mess is coming into view and they aren't liking what they see, nor the direction in which it is going. 

Society itself is failing and it is not only because of a wealth gap, it is also because so many participants believe that they can't make a difference, that what they do doesn't matter - it is not their job to improve conditions. If the GameStop activity teaches anything, it is that motivated small investors matter and can have an impact on the functioning of an economy. Yes, it might be a small dent in the larger scheme of things, but it could also be the first of many bangs upon the door. 

Eventually, that door will opened and solutions found together, or be broken down and have everything within torn apart. Either way, change is inevitable and it is going to be a choice of being part of building the new structure, adapting to the new structure or, being left out in the cold. 

The game is in play and people are picking which side of the door they will be on.

Are you in or out?


Taraz
[ Gen1: Hive ]





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