Production and processing create added value. Wealth is the accumulation of this added value. Distribution shares this added value among economic entities. Cultivating coffee trees generates added value for green coffee beans, while roasting those beans adds further value to the coffee product. Grinding the beans and extracting them with water creates and consumes the added value of a cup of coffee. Finance enables the distribution of the added value generated by this production and processing through the use of money, facilitating the easy accumulation of that value. However, finance can leverage its power only because there was prior production and processing. The challenge arises when the compulsory circulation power of currency enables the ownership of labor and resources that underpin production and processing, along with real estate, which is foundational to its existence. If production, processing, and distribution are dictated by money’s compulsory circulation power, who will g...
In the USA, even in one country, the time difference between the west and the east is 3 hours. People thought that time was a natural thing. But it is not. It's very political. The time that man lives in a unit of minutes is too short. However, since the invention of the steam locomotive, the appearance of faster vehicles made crazy changes to the concept of time. The shift in distance made people realize what time was. Sandford Fleming, an engineer and inventor, asked to unify the time difference caused by long-distance transportation, but people rejected his request. If the boarding time were not fixed, the railroad would be useless. The history of the 24-hour clock was made only about 140 years ago. Even with the invention of high technology, if nothing is consensus, nothing benefits. - Joseph's "just my thoughts"