Since losing it all must be avoided, SOME risk taking is necessary in our green investment efforts.
Dear Fellow Earthlings,
As I mentioned in Installment 258,
“Money’s a matter of functioning five ―
A Medium, a Measure, a Standard, a Store ...
And a Vector ensuring that Earth stays alive!”
To provide a “flowchart” example, of these five functions, I can grab anything of economic worth (since now we know that there is no such thing as a non-economic entity) and take it from there.
To make it concise, let’s assign numbers: 1 for “a medium of exchange”, 2 for “a measure of value”, 3 for “a standard of value”, 4 for “a store of value”, and 5 “to keep Earth alive”.
Let’s call ε(epsilon) the universal currency. So now we have a worldwide medium of exchange. Tidal turbines prove to be more Earth-friendly than wind turbines do, so wind turbines round the world quickly give way to turbines along various coastlines ― and proper costs are assigned to these “transactions”. The costs for the displaced, brown systems are measured according to how they stack up for 2 and 5. The costs for the newly constructed, newly transported, newly installed tidal turbines are measured for 2, with their depreciation and maintenance calculated as 4. With thousands of similar inputs of the values of 1,2,,4, 5, then the values (3) of all commodities can be derived. Once a sufficient number of "latent values" (for goods and services as well as for the worth of unsullied, unexploited Earth resources -- such as rain forests, polar ice caps, and ocean waters) have been determined, proper base values for 3 can be derived.
Eventually we will have, through this type of compilation, an economic/mathematic/statistical/philosophical/EARTHSAVING VECTOR by being employed in the form of an algorithm for SAVING EARTH!
A particular source of joy and security will be how 5 serves, as a consequential synergetic interaction of itself and how 1 ~ 4 leave us with an Earth thoroughly, bright, clear, and clean!
Steve Walker
Earthsaver and Jingles Creator
© 2013 Steve Walker, The Jingles-The Japan Foundation for English Pronunciation, Summit Enterprises.
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