Except that isn’t the direct energy conversion of a unit of energy. I’m talking basing the economy off of an objective scientific standard.
The petrodollar isn’t a good example because it just mandates that oil be traded for in USD, meaning it forced the demand for USD, but the dollar isn’t a direct conversion for a unit of oil.
My basis is that electricity (or power in the physics sense) is the currency of reality. Energy states configures matter and govern how it behaves.
On an economic level, the entire process of pulling ore from the ground, refining it, and turning it into a finished good requires equipment, which is another sub process requiring some material and energy cost, and energy to run the process.
Since we have entered an age where information can be easily gathered via sensors, and processed so quickly, we can transfer to an economy that uses energy as currency directly. Especially as humans are further and further removed from the labor process via technology.
I mean… That’s kinda been a thing since the establishment of the petrodollar.
Except that isn’t the direct energy conversion of a unit of energy. I’m talking basing the economy off of an objective scientific standard.
The petrodollar isn’t a good example because it just mandates that oil be traded for in USD, meaning it forced the demand for USD, but the dollar isn’t a direct conversion for a unit of oil.
My basis is that electricity (or power in the physics sense) is the currency of reality. Energy states configures matter and govern how it behaves. On an economic level, the entire process of pulling ore from the ground, refining it, and turning it into a finished good requires equipment, which is another sub process requiring some material and energy cost, and energy to run the process. Since we have entered an age where information can be easily gathered via sensors, and processed so quickly, we can transfer to an economy that uses energy as currency directly. Especially as humans are further and further removed from the labor process via technology.