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...
An effort is not meaningless in itself, but it does not guarantee progress. Instead, progress is a result of time. Effort leads to progress over time. At this point, there’s a premise: time-flow! Some things can only be seen with age. The passage of time transforms both the world and myself. I simply need to make an effort to adapt to the world’s changes. After all, effort equates to persistence. - Joseph’s “just my thoughts”