Freedom through trade relations

A positive outcome from the pandemic is that it gave rise to new ways of doing business, connecting through global networks, innovating the future of trade, money & society 🖖💸

Technology enables us to mobilize the planet’s resources and bring together human ingenuity to fight this and future crises. The value of trade and globalization in fighting this and future crises needs further promotion and support.

Despite some governments not getting along, externally as well as internally, it doesnt always mean people don’t get along. It’s actually on the contrary so its paramount to rise above the bickering & continue to build strength through global & domestic trade relations because it’s the strongest way we can encourage our governments to get along or at least tolerate each other. It’s called economic and commercial diplomacy :)

Today, with 140 member states, the WTO oversees four international trade agreements: the GATT, the General Agreement on Trade in Services (GATS), and agreements on trade-related intellectual property rights and trade-related investment (TRIPS and TRIMS, respectively).

Civilizations

Through history the rise of civilizations were formed and bound through commerce. Commerce allowed people to create wealth independently of their rulers, which in turn allowed them to question the political relationship between ruler and subject.

“Commerce . . . softens and polishes the manners of men. It unites them, by one of the strongest of all ties, the desire of supplying their mutual wants.” Scottish historian William Robertson (1721 — 1793)

People were brought together in the pursuit of commerce market economy and an educated “bourgeoisie” class of people was created, with a unique position of the bourgeoisie was responsibility for the continuing moral, social, and economic advances of civilization.

History of Money

The rise and fall of empires can be correlated to their respective currencies.

Entire civilizations have been based on the borrowing and lending of money to facilitate trade and commerce. Money incentivizes productivity, innovation and creativity.

Banks financed the renaissance, bond markets decided wars, stockmarkets built empires, and monetary meltdowns built revolutions.

Currency vs. Money

It is a store of value and the value increase as the money amount increases. Currency is a medium of exchange for goods and services and through which money becomes live. Money is entirely numerical and intangible, whereas Currency is tangible it’s the promissory note or coin which is presented in the form of money.

When citizens lose faith in a given currency, it becomes the catalyst that plunges once prosperous nations into chaos and civil unrest.

The rise of new digital currencies and innovative decentralised systems will enable greater freedom to trade across the globe in contemporary society.

If you can walk away learning one thing for life… it’s the ability to look beyond what you see on the surface and draw out the true agendas. When there’s a struggle for change, always think about who has the most to loose and who has the most to gain… 🧐