Heretic’s Guide to Global Finance: Hacking the Future of Money

I’m eager to read more on rogue magicians’ heretical processes that disrupt capital flows and subvert the systemic injustice of static patterns through collaborative networks of artistic finance.

On “building an extensive community of confident financial heretics capable of emerging…within a few years, ready to respond to the inevitable financial creses of the future…,” in “Life Without Money,” edited by Anitra Nelson (also published by Pluto), a line that sticks out to me was something to the effect of “where money flows to, resources flow from,” so that exorcising money from the economy would have a transformative effect, abolishing this medium of exchange as a holder of value to empower ecosystemic “liquidation.”

The crux of the book proposed the empowerment of bioregional networks by planning to ensure local abundance, to be sustained and shared through non-monetary economic systems. Money being now digital, supposedly indicating the value of energy over time, we experience this particular expression of electricity meaningfully, as when the poor are disallowed to eat by the absence of credit or debt, the means by which purchase power is achieved. They have no money, presumably for lack of income source, so an economy of disconnection and poverty exists.

Capital accumulation is essentially the transference of potential energy to private property, redistributed in transactional purchases. Resources are developed and depleted, turned into unreusable pollution and waste at the cost of deprivation and suffering. As Marx writes in his Communist Manifesto (part 1): “Modern bourgeois society with its relations of production, of exchange and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer who is no longer able to control the powers of the nether world whom he has called up by his spells. 

To abolish money would thus dissolve the illusion of a depreciated exchange value and restore an inherent value unsullied by human abstraction. A more informed medium might emerge as the shared intention of the collective set of relations, of which all life is an integral part.

Would love to hear your thoughts here where hopefully we can expand on economic sabotage, magical warfare, empowered love, and restorative justice.


1 Comment

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One response to “Heretic’s Guide to Global Finance: Hacking the Future of Money

  1. Hi, thanks for the thought-provoking comments. Much appreciated. I do know the Anita Nelson book, though I have only read parts of it. Of course, abolishing money is a somewhat challenging task 😉 but it’s interesting to see the new potentials being opened up right now. I’m actually going to be a writing a big piece on future of money for a magazine soon, so will put a link up to that when I’ve done. Cheers!
    (I’ve also left a comment on my blog where you originally posted this)
    P.s. I actually mention Cosmopolis in the book!

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