The problem with financial accounting is that the accounting is not accountable. What does it fail to account for? Who does it fail to account to? Why does it matter? It fails to account for danger, for harm, or for benefit to the environment of humankind. Money that is not used for economy is used for divisive skullduggery. It is allowed to be used that way because of the lack of accountability. Injustice is a consequence of accounting failure.
We are smart. How does money get used that way? Superstitious ideas have been passed down through centuries. Although many, perhaps most people do not embrace these superstitious ideas individually, they still prevail in the bureaucratic institutions that we either support, or suffer harm at their behest. Criminal syndicates have used the same scheme to extract money from defenseless people. They called it the protection racket.
If there is a transaction, one half of it is monetary. The other half places value on the money. The transaction is instantaneous. The sale is consummated when there is a balance of satisfaction. The buyer is satisfied, receiving the value that is being paid for. The seller is receiving the proper amount of money to pay for the proclaimed value. The moment of the transaction the product value equals the price.
After the transaction, in history’s rear view mirror, is when the values traded are assessed by reality. Paying for junk, makes money junk, a burglary tool to extract value from the transaction as it recalibrates money. Money that buys junk, is junk. Risk is also a factor that affects the value of money. Money that pays for risk, for harm, or for danger, affect monetary value in risky, harmful, and dangerous ways. The value of the money creates a marketplace for risk , harm, and danger.
Using money for commerce can only succeed in a safe environment. An unstable environment, lessens the value of money, at the same time the necessity to obtain it increases. That is the opposite perception that people who are antinomically propped up by wealth have. Bureaucratic sycophants view monetary advantage as an inherent right, or an advantage earned by hard work, or perhaps piety. Inheritance and diligence create monetary advantages, derived from profit created by economically toxic injustice, a toxicity that destroys both competence and kindness, as it saddens humanity. If accounting were accountable, accounting would monetarily differentiate harm and benefit. After all, harm creates huge cost across geographical and generational borders, all of which is ignored, unaccounted for.
GDP lacks the same link to common sense. Economically toxic expenditures are valued as if they were economic necessities, even though toxicity causes expenditure to repair the damage caused, and much of the harm is cross generational, and incidentally much of it is irreparable. In spite of, or perhaps because of this, the lions share of monetary advantage finances antinomic policy that will require massive expenditure, as it diminishes our humanity, and threatens our existence.
Supply and demand is what people, who are not familiar with the natural properties of money, think of as economic law. Economically speaking, Money is a property, an attribute to calibrate value. Confusing property with a property is just wrong. It is the equivalent of confusing a growing cancer with the healthy growth of flesh. Supplanting property for a property is economic cancer that is sucking the life blood from the body of humanity. The amount of property available is limited. It is a prize with a cost. Supply and demand determines the cost, but the market is limited to those with money. The naturally existing property of monetization calibrates value environmentally, factoring in risk, danger, harm, and benefit.
Political power uses monetization to calibrate value, but the power of nature, natural force, calibrates money to its natural value, its environmental worth. The natural value of money is the true value of the money to humankind. Politically, people have continued to consciously calibrate monetization to obtain power by division. Value exists naturally. Calibrating it, helps to understand it. Monetization is a way to do that.
Calibrating money can be economically done in at least two ways. The first was defined early in history, at least by about 400 BC. First do no harm. Money would only be legal tender for transactions that avoided harm. That would give institutional advantage to activity beneficial to humanity. The second way would be to calibrate money on a scale from harmful to beneficial with the zero between the extremes being transactionally null. Negative values would be preemptive payment for the cost of harm, preemptively calculated from kinetic historical research.
The first method of monetization is what we actually use, but historically, we fail to recognize the existence of nearly all harm. Its existence is monetarily excluded from business transactions. This is essentially the superstitious exclusion of the recognition of harm from economics. This failure allows the use of monetization to do harm, for profit. The avoidance of recognizing harm is probably caused by fear of bureaucratic reprisal. It is so severe that the English language is devoid of a word that clearly describes the devastating inclusion of harm in economic transactions. Since the word doesn’t exist, I made my own, to clarify the problem.
Antinomics is the antithesis of economics. Economics describes transactions that benefit humanity. Antinomics describes transactions that do not. Economics is how we constructively share the environment. Antinomics is what happens when we don’t. Antinomics divides and shrinks the environment we are capable of occupying. It causes fear, as it shrinks the satisfaction of occupying the contaminated environmentally damaged shards.
Accounting that sees no evil, should look at itself in the mirror. Antinomic expenditure destroys economic value. Economy serves this, and coming generations. Harm is camouflaged. Its detection is apparent, mainly, by observing how it affects people. Poverty, depression, injustice, and war do not exist as the natural result of human existence. People made them. People can stop making them. The first step is toward the recognition of past practice as the superstitious behavior that it is. The second step is to quit financing it. Risk, danger, and harm constitute antinomic behavior which needs to be held accountable. Accounting needs to be economically accountable. True economics, the kind that exists as a natural force of nature, is human ecology.