Do you know that you can save money by getting the book Rewiring Financial Markets For Good by Charles Moore in pdf version instead of buying one? We have the pdf version of the book Orphans of Islam available for free. Just click on red download button below to download Rewiring Financial Markets For Good by Charles Moore for free.
The digital revolution post-pandemic will lead to a radical departure from the traditional model of monetary exchange. The creation of a Digital Financial Market Infrastructure will underpin the unbundling and re-bundling of the functions of money within society. Although digital money itself is not new to modern economies, digital legal tender (DLT) facilitates instantaneous peer-to-peer transfers of value in a way that today is impossible. The importance of digital connectedness, will often supersede the importance of macroeconomic links, and lead to the establishment of “Digital Financial Markets” linking the currency to membership of a particular financial market rather than to a specific country. Capitalism underpins wealth generation and hence the existence of a digital financial market.
Capitalism is an economic system in which private individuals or corporations own and control the flow of capital throughout society. Capitalism is built on the idea that compensation and profits derived from capital allocations reflect the relative contribution an individual or firm makes from the utilisation of capital to the total wealth of a society.
The genius of capitalism lies in its ability to produce organic answers to most problems of scarcity and resource allocation. Markets tend naturally to reward the ideas that prove most useful, and to penalize dysfunctional behaviour. They can bring about broad-based outcomes that states cannot, by driving vast numbers of individuals to adjust their behaviour in response to price signals.
Capital is the defining feature of modern economies that transforms mere wealth into an asset that creates more wealth. Capital is the lifeblood of capitalist societies, yet capital unequal distribution throughout the community codifies the widening wealth gap between the holders of capital and everybody else.