At the beginning of the third chapter, the author asks us to imagine a world where there is only one operating system. In such a world, it would be difficult to imagine another OS, or even think of the OS as something that need not be the way it is. That, in a nutshell, is what money has become. “Central currency is the transactional tool that has overwhelmed business itself; money is the tail wagging the economy’s dog” because “money makes money faster than people or companies can create value”. The proof of it is in the abstractions that have come up in history – the stock exchange was an abstraction of commerce, and the derivatives market its further abstraction. The author notes how fitting it was when in 2013, a derivatives exchange had enough ‘value’ to buy the NYSE, its own creator of sorts!
My introductory paragraph, and the title itself might give you the idea that this is some kind of a call for a bloody revolution against capitalism and technology. But it isn’t. The title is based on an incident in 2013 and in fact, the author notes how Google, using its buses, is actually doing its bit to protect the environment. He proceeds to ask “since when has doing the right thing become the wrong thing?” The buses, he argues, are soft targets, and the real culprit is a program that promotes growth above all else. So if the book is a call for revolution, it is against the concept of growth for growth’s sake, because such growth is the enemy of prosperity. More