INTRIGUES OF MONETISATION
What is money? If you had asked this question to someone in the pre-Christian era, your question would have been met with blank incomprehension. For, it was much later that the pieces of metal were put into circulation as money. Then came the minted coins and banknotes and the process of monetization began.
Before the monetization happened, barter system was used in which payments were made through goods and services; you gave a piece of mutton to buy an axe. Or you worked in the fields and got a bushel of rice for your service. Wealth was measured the land you possessed and the cattle in your stable. There, for sheer logistical reasons, there was a limit to the wealth you accumulated.
The advent of monetization changed all that. The currency needed less space for hoarding compared to, say, livestock, goods or precious metals. The setting up of the banking system made the task of accumulation of wealth even easier. With the stroke of a pen one could convert money into movable and immovable assets and vice versa. Consequently, greed to amass wealth reached new levels. The terms like money bags, money spinners and money grubbers came into vogue.
How to corner big money? It’s a tricky question. But one thong is certain- the age-old human instinct of hoarding comes into play in the cornering of cash. This entails a clear understanding of how money moves around besides deep insight into human nature. Like the chess masters, the money grubbers make their opening move with clear vision of all the moves that follow which culminates in the check mating the cash. It’s a faculty in the brain which some are born with while others acquire. Scholastics of any kind do not count here.
A money grubbing writer once wrote a book called ‘How to make money”. And jackasses bought the books in millions while the author laughed all the way to the bank.