Capitalistic thinking is not about domination by capital; it refers to financial thinking. The economy revolves around exchange. The performance of the counterparty corresponding to what I want to exchange is called ‘consideration,’ and a ‘transaction’ is the accumulation of added value by exchanging equal considerations. However, among transactions, this consideration is not relative but absolute; trading solely in one fiat currency as consideration is termed 'finance.’ When I obtain a loan, the bank lends me fiat currency (the bank’s consideration), but my obligation is to return the fiat principal plus the contracted interest. The consideration in this transaction is unidirectional, involving only one fiat currency. In contrast, when I buy shoes, the seller has an obligation to hand over the shoes to me, and I have a counterpart obligation to pay in fiat currency. Once these two considerations are exchanged, an industrial transaction occurs. However, as noted earlier, in financi...
A balloon will pop when placed atop a single pointed needle. However, if you drive the needle with multiple thumbtacks arranged like a rug, the balloon won’t burst. This illustrates that the impact of sharpness can depend on context. Even if we face inner turmoil, the way we position our challenges and the situations we create can transform those difficulties into connections rather than sources of pain. The key lies in how we manage the distribution of sharpness rather than the sharpness itself. - Joseph’s “just my thoughts”