Money is the probably the most successful story ever told. It has no objective value... but then you have these master storytellers: the big bankers, the finance ministers... and they come, and they tell a very convincing story.
Interpretation
Money's value is subjective, shaped by narratives created by influential figures.
This quote by Yuval Noah Harari highlights the idea that money, despite having no intrinsic objective value, functions successfully through the powerful stories told by influential individuals like bankers and finance ministers. These storytellers create a convincing narrative that gives money its perceived worth, illustrating how societal constructs influence our understanding and relationship with currency.
In practice
During a financial seminar to discuss the importance of perception in investments.
We control the world basically because we are the only animals that can cooperate flexibly in very large numbers. And if you examine any large-scale human cooperation, you will always find that it is based on some fiction like the nation, like money, like human rights.
I titled the book 'Homo Deus' because we really are becoming gods in the most literal sense possible. We are acquiring abilities that have always been thought to be divine abilities - in particular, the ability to create life. And we can do with that whatever we want.
The notion of superhumans is using bioengineering and artificial intelligence to upgrade human abilities. If they use the power to change themselves, to change their own minds, their own desires, then we have no idea what they will want to do.
Techno-humanism aims to amplify the power of humans, creating cyborgs and connecting humans to computers, but it still sees human interests and desires as the highest authority in the universe.
The most important question in 21st-century economics may well be, 'What should we do with all the superfluous people, once we have highly intelligent non-conscious algorithms that can do almost everything better than humans?'
Take Google Maps or Waze. On the one hand, they amplify human ability - you are able to reach your destination faster and more easily. But at the same time, you are shifting the authority to the algorithm and losing your ability to find your own way.
The last change in our point of view gives the whole world a pictorial air.
Again, a law may be both constitutional and expedient, and yet may be administered in an unjust and unfair way.
You cannot see what I see because you see what you see. You cannot know what I know because you know what you know. What I see and what I know cannot be added to what you see and what you know because they are not of the same kind. Neither can it replace what you see and what you know, because that would be to replace you yourself." "Hang on, can I write this down?" said Arthur, excitedly fumbling in his pocket for a pencil.
Synchronistic events constitute moments in which a 'cosmic' or 'greater' meaning becomes gradually conscious in an individual; generally it is a shaking experience.
Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before.
Through prayer, charity and humility before God, people receive a heart which is firm and merciful, attentive and generous, a heart which is not closed, indifferent or prey to the globalization of indifference.
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