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Wealth Is Humanity's Energy Bank

Wealth Is Humanity's Energy Bank

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Matt McDonagh
Aug 10, 2024
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Wealth Systems
Wealth Systems
Wealth Is Humanity's Energy Bank
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Every ounce of human effort and achievement throughout history required energy.

Humanity used that collective effort to progress from roaming nomads, to agrarian farmers, through sprawling industrialists and now AI-empowered information workers.

Our ability to store this energy became known as wealth.

Wealth began as a Winter’s worth of food (a bank that really matters). Then money was invented which accelerated economic development and unlocked even more efficient forms of savings and investment.

Capital formation began to accelerate as we pulled evermore gold, silver and other precious stones, metals and minerals from the land. We fused language and math to spawn concepts, and then used those concepts as cognitive bedrock to form the foundation for modern industry and empire. We used technology to change ourselves and the world around us, building wealth at greater and greater rates.

Today the estimated total global asset value is $900 trillion. This figure encompasses a variety of ass…

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