The scale of worldwide poverty and its effects — hunger, disease, crime, human trafficking, death — are mind boggling.
“In August 2016, 3 billion people around the world were trying to survive on $2.50 a day or less. And 2 billion people did not hold a bank account or have access to essential financial services.” via FINCA
Meanwhile, the gap between the haves and have-nots is growing at an alarming pace.
This is the result of a structure that fosters and perpetuates these conditions. This is the result of a centralized monetary system that is controlled by the wealthy. If we want to forge real change, we must move away from a centralized system in which we are in the absurd situation of having to trust the wealthy to stop funneling wealth to themselves.
And even if those in control suddenly became benevolent, the system remains precarious as it has a single point of failure: knock out the center and the system collapses. (See the Great Depression and other total financial collapses.) This is why the internet is fundamentally decentered. And why the universe itself is. From the whirl of planets and the operations of ant colonies to the structures of our language and DNA, nothing is centralized. The way of all creative systems is decentralization.
To solve the horrors of worldwide poverty and its effects, to let people everywhere enjoy self-actualization, we need new systems that are inherently fair. That are transparent. That don’t demand we trust someone at the top. That are fundamentally inclusive. Systems that seek prosperity rather than disparity: decentralized autonomous systems.