Cloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital money or 'cloudmoney'. But what we're told is inevitable is actually the work of powerful interests- the great battle of our time is for ownership of the digital footprints that make up our lives. And the reach of corporations into our lives via cards and apps has never been greater. The consumer, the employee, and the saver are all the same person in a monetary system.Cloudmoney take us to the frontlines of a war for our wallets that is also about our freedom Who really benefits from a cashless society? Many of us rarely use cash these days. ![]() This is how a mega-corporation comes to be created. Once a corporation is charged up through capitalisation, it can blast that charge out through the monetary nervous system like a defibrillator kickstarting thousands of human bodies into large-scale action.Ĭorporate capitalism is about chaining these federated structures together into elaborate formations, using the outputs of one as the inputs to another. The lifeblood of an economy is not money but people carrying out labor. The financial sector is where the charging up of a corporation gets done. Everything in the final analysis is derived from our ecological systems, without which we would die. They are embedded in us, and reach the dustiest small town. The global monetary systems are interconnected networks that spread to the farthest reaches of the planet. The global finance corporation community is like a dense nerve centre for a multi-layered empire of money and promises for money communicated via fibre optic cables under seabeds and routed via offshore centres. The suits they wear are like protective uniforms, and the toilet is the only place where they might reveal a chink in that armor. The architecture of these skyscrapers echoes our relationship with high finance, as most people stand beneath them, on the outside looking up.īankers are rarely in control of their own institutions, and are often channelling a logic that transcends them. The taller your building is, the less down-to-earth a mindset you must have. Insights from Chapter 13 Insights from Chapter 1 ![]() Insights on Brett Scott's Cloudmoney Contents #4 The global monetary systems are interconnected networks that spread to the farthest reaches of the planet. ![]() #3 The global finance corporation community is like a dense nerve centre for a multi-layered empire of money and promises for money communicated via fibre optic cables under seabeds and routed via offshore centres. #2 Bankers are rarely in control of their own institutions, and are often channelling a logic that transcends them. The architecture of these skyscrapers echoes our relationship with high finance, as most people stand beneath them, on the outside looking up. #1 The taller your building is, the less down-to-earth a mindset you must have. Please note: This is a companion version & not the original book.
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