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.
It may have been a comedy, or it may have been a tragedy. It cost one man his reason, it cost me a blood-letting, and it cost yet another man the penalties of the law. Yet there was certainly an element of comedy. Well, you shall judge for yourselves.
As I look back at the entire tapestry of my life, I can see from the perspective of the present moment that every aspect of my life was necessary and perfect. Each step eventually led to a higher place, even though these steps often felt like obstacles or painful experiences.
History is always best written generations after the event, when clouded fact and memory have all fused into what can be accepted as truth, whether it be so or not.
It was like that all the time, in those years: an endless trip, a gaudy voyage. But powers decay. Time leaches the colors from the best of visions. The world becomes grayer. Entropy beats us down. Everything fades. Everything goes. Everything dies.
Latent in every man is a venom of amazing bitterness, a black resentment; something that curses and loathes life, a feeling of being trapped, of having trusted and been fooled, of being helpless prey to impotent rage, blind surrender, the victim of a savage, ruthless power that gives and takes away, enlists a man, drops him, promises and betrays, and -crowning injury- inflicts on him the humiliation of feeling sorry for himself.
There is no Final Resting Place of the Mind.
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