Greetings, Mission Control!
I had promised in my last entry to bring you information on Earth's economic system.
Studying their economic system(s) has only made me uncover another reason why developments in science and infrastructure are slowed down here.
Every territory makes a choice on what kind of economic system they wish to follow; and from what I can see, the countries or territories that choose a 'free' or 'capitalistic' market are considered to be far more superior than the territories that have adopted other economic systems. However, a capitalistic territory is not protected from economic downfalls. In theory at least, the most safe and the most well-planned system seems to be the socialist system, where the government or the ruling party takes possession of almost all the property. But as all animals, humans have a strong sense of ownership and territorial power.
What they consider theirs is their territory alone, and in this regard, they are quite sensitive. They wish to be the best in every aspect: the smartest, the richest, the most powerful.
What drives them is the want, no, the need to be the most respected, the most approved. Of course, there is nothing wrong with being driven by a motivation to be better than everyone else; it is this drive that has obviously lead them to achieve so much in the recent years.
For the most part, though their economic systems that the territories follow seem to be similar enough.
But getting into the details--the form of currency that they use are notes (mostly made of starch, cotton, linen and small amounts of paper) and small metallic disks which are usually circular. They use these forms of currency for most of their economic transactions. Some other methods of payment include what appears to be a plastic card--easily breakable, but much more convenient I suppose, as this card seems to hold a lot of money in it, without them actually having to carry that many notes or disks (yes, it's electronically monitored. They find simple solutions for life's bigger problems). Again, there are vast differences in the currencies that humans use between territories; the currency, in terms of design and validity varies in EACH and every one of them (see what I mean by "slowing down"?).
Transactions between nations are, of course, a common sight--a necessity, in fact. The amount of money to be transferred between the countries and the value of the product that the money is being exchanged for in terms of the buying country's currency is determined by something called an 'Exchange Rate'. It's a medium of measuring the value of one territory's currency against another's.
It is, however, a very fragile system; the values keep changing. Almost every hour in some cases!
Their economic systems seem to be concrete and very simple in its rules, but as you add more factors and parties to it, it gets complex. It's a perfect example of Sir Kesj's words: "Complex in its simplicity and simple in its complexity."
The number of humans and organizations involved in the economic system is of course, large, and thus laying down more rules or laws in the already existing system can be prove to be a tiresome task and even disastrous in some cases.
Well, that is all for now! I don't want to get into social commentary just yet--I think we'd need my entire Study of Life department to accomplish a task so gargantuan.
So er... send more Glorjaei!!
I had promised in my last entry to bring you information on Earth's economic system.
Studying their economic system(s) has only made me uncover another reason why developments in science and infrastructure are slowed down here.
Every territory makes a choice on what kind of economic system they wish to follow; and from what I can see, the countries or territories that choose a 'free' or 'capitalistic' market are considered to be far more superior than the territories that have adopted other economic systems. However, a capitalistic territory is not protected from economic downfalls. In theory at least, the most safe and the most well-planned system seems to be the socialist system, where the government or the ruling party takes possession of almost all the property. But as all animals, humans have a strong sense of ownership and territorial power.
What they consider theirs is their territory alone, and in this regard, they are quite sensitive. They wish to be the best in every aspect: the smartest, the richest, the most powerful.
What drives them is the want, no, the need to be the most respected, the most approved. Of course, there is nothing wrong with being driven by a motivation to be better than everyone else; it is this drive that has obviously lead them to achieve so much in the recent years.
For the most part, though their economic systems that the territories follow seem to be similar enough.
But getting into the details--the form of currency that they use are notes (mostly made of starch, cotton, linen and small amounts of paper) and small metallic disks which are usually circular. They use these forms of currency for most of their economic transactions. Some other methods of payment include what appears to be a plastic card--easily breakable, but much more convenient I suppose, as this card seems to hold a lot of money in it, without them actually having to carry that many notes or disks (yes, it's electronically monitored. They find simple solutions for life's bigger problems). Again, there are vast differences in the currencies that humans use between territories; the currency, in terms of design and validity varies in EACH and every one of them (see what I mean by "slowing down"?).
Transactions between nations are, of course, a common sight--a necessity, in fact. The amount of money to be transferred between the countries and the value of the product that the money is being exchanged for in terms of the buying country's currency is determined by something called an 'Exchange Rate'. It's a medium of measuring the value of one territory's currency against another's.
It is, however, a very fragile system; the values keep changing. Almost every hour in some cases!
Their economic systems seem to be concrete and very simple in its rules, but as you add more factors and parties to it, it gets complex. It's a perfect example of Sir Kesj's words: "Complex in its simplicity and simple in its complexity."
The number of humans and organizations involved in the economic system is of course, large, and thus laying down more rules or laws in the already existing system can be prove to be a tiresome task and even disastrous in some cases.
Well, that is all for now! I don't want to get into social commentary just yet--I think we'd need my entire Study of Life department to accomplish a task so gargantuan.
So er... send more Glorjaei!!
Hahaha! This is so creative (looking at earth from an alien's perspective). Once I wrote a blogpost about an alien (was that you?!) sent to earth to understand it and report back, but the alien just ends up entirely flustered with our incomprehensible world. You've done so much more of an amazing job though :P
ReplyDeleteLink me to your blog! :D I would LOVE to read your entries!
DeleteActually, I'm just surprised you read through all of this. I know that I can start to rant :P