Day Forty-Three: The Economy

I mentioned I have been re-reading Yuval Noah Harari’s Sapiens. Like many, he writes about what makes us Homo sapiens so special. Why are we the dominant organism on the planet, and not lions, or wolves, or bears, or any number of other species that could eat us up in a few big bites?

His theory is that our secret ingredient is the ability to collectively believe in things that have no concrete reality. We started off with the gods, ghosts, and spirits. Whatever your take on God, you’d have a hard time actually, literally, physically pointing at him/her/ze/them (depending on your religion). Religion is, by definition, an act of faith. You might be able to point to something that you see as God’s or The Gods’ work in the world, but you can’t point to a physical manifestation. Maybe your prophets could, maybe you will be able to in the afterlife, but for now, it’s faith.

It’s not just God/Gods. We humans believe in lots of things that aren’t literally, physically there. We believe that our money has value beyond the paper it is printed on or the ones and zeros that represent it (at least I hope we still do!) We believe that the other side of Niagara Falls is somehow, magically Canada, even though it looks the same as this side. We believe in capitalism, communism, socialism, or whateverism.

There is no Canada. Don’t tell Justin.

That doesn’t mean that these ideas we all believe in aren’t real. It just means that they aren’t nouns in the literal sense. They aren’t people, places, or things. I can point to Cuba. I can’t point to communism. I can eat a banana. I can’t eat a ten-dollar bill, but it is somehow more valuable than the banana.

Patriotism, capitalism, communism, socialism, the value of money, God, The Gods, and Canada have real, concrete, literal consequences. Consequences that have enabled a fleshy ape with weak teeth and nails to dominate the planet. And consequences that have, on many occasions, been disastrous for individual (or large groups of) apes, not to mention other species.

All this has got me thinking about the economy. It’s another one of those things you can’t point to, but it sure does have real-world consequences! It is an idea, an act of collective imagination that allows us to cooperate on a staggering scale.

Right now, we are all watching helplessly as it tanks.

If you do a google image search for “economy,” it gives you lots of images like this, but no photos. Image courtesy of Pixabay.

But ultimately, the economy is just a consensus. It is only as good or as bad as we collectively think it is. If investors have a sunny outlook, the stock market goes up. If businesses feel good about their chances, employment goes up. The degree to which such an important idea is based on the collective subjective is a bit gobsmacking, if you think about it too much.

Except it is time to think about it too much, and be gobsmacked.

We humans are great hackers. We hack our computer networks, we hack adulting, and since at least William James, we have been deliberately learning to hack ourselves. If, as a species, we can hack one big collective idea, elections, using Facebook, propaganda, and misinformation, shouldn’t we be able to hack the economy? Can’t we use Facebook and propaganda (which, after all, is just advertising), if not the misinformation, to collectively imagine our way out of this mess?

The economy is only as bad as everyone thinks it is.

Signing off. Take Care, and Take Care of one another.

2 thoughts on “Day Forty-Three: The Economy

  1. Stephen Potter

    Hey, i like reading these Corrinne. Always thought provoking. Im glad you arent delivering mail anymore. Say hi to Andrew and JP for me.

    : )

    Your Cousin Steve

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *