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...
Understanding what one belongs to is knowledge derived from personal experience. In fact, the experiences of others can provide a more accurate understanding of your place in the world. A third-party perspective is crucial for problem-solving . The viewpoint and position of an outsider, rather than my own, enable me to comprehend my situation most objectively. A solution lacking objectivity is likely to lead to the repetition of problems and may render them unsolvable forever. When I ascend the mountain and gaze down at the town I live in, I notice things I’ve never seen before. Significant progress occurs when a third-party perspective is applied. - Joseph’s “just my thoughts”