A macroeconomy is a payment system. Historically, the first payment system was the one where an individual paid himself. His effort i.e. getting up in the morning, finding something to eat, killing it and cooking it, was exchanged for survival i.e. eating, housing, and sex. As he sought comfort, convenience, or security, man decided to enter into an extended payment system called trade with people outside of himself. The results of his efforts represented by a portion exceeding the amount necessary for his survival could now be exchanged for additional comfort, convenience, or security.
The payment system has expanded with trade, becoming local, then regional, now global. The value of the trader’s effort is now represented by hard and digital currency. But the system is also imbalanced. It is bloated having been converted into an extraction conveyor belt excavating more out of natural and human resources. The bankers depicted in Pieter van der Heyden’s The Battle about Money have programmed the conveyor belt to extract more from one’s effort in exchange for access to units of survival that have been increasingly expensive.
This imbalance has led to a widening of the income and wealth gap. The imbalance has also led to a macro payment system that intrudes on the privacy and civil liberties of the individual in order to extract more of his effort and more of his financial resources. It surveils him in order to market items to him that will persuade him to spend more of his coin.
The imbalance has spawned political, social, and economic factions based not on familial ties or lineage but on artificial classes of haves and have nots. Why do I say artificial? Because the reasons usually presented by the political elite for the existence of these classes never takes into account the hoarding of capital, an activity political elites take a heavy hand in. For if the political elites were truly concerned about reducing these gaps, they would promote initiatives that promote getting into the hands of current consumers the technology that would make them self-sufficient.
Such promotion may result in getting the individual off of the payment system plantation, an end result the elite is not interested in.