MQ-5: Money Makes The World Go Round? (‘Mythquake’ series)
More on the Mythquake book-project – a book I’ll probably never have time to finish, so here I’m handing it over to whoever might like to take it up.
In the previous chapter, ‘MQ-4: Whoever you voted for…‘, we moved into the level of mythquakes that most people would probably notice within their everyday lives, with politics as the given example. Note, though, that most politics is only a level-4 or thereabouts: despite all of the pretensions of importance, most of it is really little more than arguing about the position of a single deckchair on the Titanic, and for most people, not much – if anything – of real significance will change with each change of government. But here at MQ-5 we do start to get into realms of significant damage, and that do start to affect most people whenever there’s some kind of breakdown – a catastrophic collapse of over-extended assumptions. The example I’ve used here is the comfortably-complacent ‘certainties’ of current economics – and particularly the notion that ‘economics’ is solely synonymous with money.
(Another general aside: yes, we’re currently in the midst of yet another ‘Global Financial Crisis’, and for some countries – and certainly for many individuals – the impacts are occasionally rippling upward in impacts to what might seem like MQ-6 or even MQ-7 levels. But in practice, much of the talk of ‘crisis’ is little more than arguing about what to do about a single broken deckchair on the Titanic: it still doesn’t address any of the deeper issues, and history makes it plain that this is merely the current expression of a regular boom/bust cycle – a repeated pattern of mythquakes that point to much deeper and much more serious fault-lines in the structure of our everyday reality.)
This chapter contains the following sections [all notes-only]:
- Managing the household
- A monetary mismatch
- Back to barter?
Book-development notes are shown in italics inside square-brackets, [like this]. Further commentary on the development-notes is in ordinary type inside curly-braces, {like this}.
MQ-5: Money makes the world go round?
Richter 5: Moderate earthquake. May cause slight damage to well-constructed buildings, but can cause major damage to poorly-constructed buildings. Equivalent to around thirty kilotons of TNT (Nagasaki atomic bomb). Around two to three per day.
Mercalli V: Doors swing open or closed; small objects move; liquid may spill from open containers; almost everyone feels movement; sleepers awake.
Mercalli VI: People have trouble walking; everyone feels movement; objects fall from shelves; furniture moves; trees and bushes shake; windows break, plaster walls may crack, other non-structural damage in poorly-constructed buildings.