Sublime

Money emerges from uncertainty, capital emerges from money, and uncertainty emerges from capital.

As Kevin Rudd noted, “once you have economic power, it in turn engenders political power; it in turn makes possible to have security power through the acquisition of military capabilities, which in turn generates foreign policy power, which in turn generates strategic power”[129].

Money is the minimal information that captures the social truth of the value of time and energy.

Far from imagining a common supremacy over the rest of Eurasia, European statecraft was obsessed with intramural conflicts. Symptomatically, the wealth of the New World was used to finance the dynastic ambitions of the Old.

here: these very actions of agents’ exploring, changing, adapting, and experimenting further change the outcome, and they’d have to then re-adapt and re-adjust.

Following Hernando de Soto, we see capital as “economic potential energy”; a stock of crystallized and stored time; the memory of experimentation and discovery; a tool allowing us to not need to work completely from scratch, and shared in a common language to spare us equally from isolation.