Tuesday, 16 December 2008

Buying futures

Buying futures
When will the future join the Euro?
Most futuristic movies seem to claim that the currency of the future will be the rather unimaginative “credit”. As many have correctly realised, science fiction is the state of the art when it comes to storytelling. It frees the imagination like no other genre and allows for a reflection of a human spirit in the most entertaining and therefore often the most powerful and useful way. But when it comes to basic economics the writers almost always let you down.
The credit!!! For Pete’s sake. At the very least you might think that a dollar might be the currency of choice. Not sounding futuristic enough? Then stick a couple of exes or a zed in their somewhere.
If Mr Spock has to buy the intoxicating blue drink with the same currency as Han Solo and Captain Zap (a chilling character from The Dandy), then there is something pretty weird going on with the future. Especially if one of the futures was long, long ago.
What happened? Did the credit undergo a primordial crunch in aeons past? Did it return and go on to seed and populate the universe? Was there a forgotten secret history of interplanetary financial unity? Which governments argued to their people that their new improved credit was the universal way to go? Did anyone propose the debit?

No, it’s all too much to compute.

It is time to devalue the credit.

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