Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

War

In a land called…

In a land called Nacirema, things are a bit backward from what you might expect.

Imagine walking down the street mid-day in Nacirema and a complete stranger stops and asks you to give him your hard-earned money. Not just all the money in your pocket, but all your life’s savings. He introduces himself as the “money-keeper” of the Nacirema tribe and promises you that he’ll watch over your money. He cannot tell you exactly where that is for security purposes and although you can’t see or touch the money once you give it to him, you are assured it will be safe. Since you’ve never met this person before in your life, he pulls out a small piece of paper and writes down three little letters “I.O.U.” to ensure you that he is good for it, and then asks you to sign it. He says you can present this piece of paper to him every time you want some of the money back or to give him more of your savings in the future.  He further reassures you that he has possession of many, many Naricema people’s hard-earned money and again promises that your money is safe in his hands.

“This is crazy” would be an honest first reaction. How could anyone in their right mind give their life savings to a complete stranger? But as mentioned, everything is backwards in Nacirema, and if you flip the letters around you’ll learn that Nacirema backwards spells American. In America this complete stranger is better known as a “bank”. But unlike in Nacirema, we do not even get the privelege to meet this stranger on the street. However, we somehow accept this mysterious “bank” entity as being safe and secure, just because…

Perhaps it is time we reconsider this false notion by trusting and investing our money in ourselves and our communities so as to protect the very livelihood we’ve worked so hard to attain. Or would that be considered “crazy”?

Solar War

I had a dream… Obama decided to engage in a Solar War. He could see into the future, and in our future it was obvious that oil was no longer going to be the most precious commodity in the world, it was to be silicon, the second most abundant element on earth after oxygen.

Obama knew he needed a simple solution for our worsening economy and the failing war efforts in the Middle East. He also knew if he could link the solution resourcefully, his presidency would be infamous. Boldly and strategically he decided to hedge his losing bet of continuing war efforts in the Middle East by re-allocating 50% of the monetary resources currently utilized by the wars in Iraq and Afghanistan to ignite a Solar War.

In the dream, this was no ordinary War, for a Solar War was a war on war itself – otherwise known as peace. Solution driven for the hobbling world economy as well as world peace, the dream of a Solar War took on multiple dimensions.

Continued »