ADSactly on ADSACTLY - Part #56
Creating Value - Part 4
In the last three sequels we wrote about the early beginnings of creating values. Then we continued with the rise of craftsmen, explorers and merchants; explained the importance of the first manual machines. Today we'll go even further. If you haven't read the first three parts, please find them here:
ADSactly - Creating value Part 1
ADSactly - Creating value Part 2
ADSactly - Creating value Part 3
With the invention of the steam machine, industrial age had begun. It was further helped by the cheap production of iron and narrower specialization of the workforce. The powered machines begin their journey through history. Manual labour still required to operat3e mechanical machines became even less needed. The power for the new machines is provided by energy resources. Later on, when electricity was discovered, utilized, distributed and put to use, electric means of running machines made an even wider path of industrial production.
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With the technological advancements the production became faster and quantities enlarged to previously unseen numbers. People started leaving their villages and sought employment in city's factories. Industrial age brought about a huge rise in value. National incomes skyrocketed. However, the modern exploitative banking system was born and started its voyage of greed and exploitation.
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The massive production of goods turned manufactures into large-scale factories. But, the newly created value came at a high cost. Workers were exploited to the point of dissatisfaction. The inhuman race for creating more goods and more profit took its high toll. Some people opposed technological advances as they saw it a danger to their walk of life. As means of protest, 'Luddites' were attacking factories in England and destroying machines.
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Along with industrialization, the transport, trade and communication sectors also thrived, giving way to progress and high national incomes. But, industrial age brought along a strong social imbalance. The rich factory owners started lavishly living on the work of the poor, on a previously unseen length of disbalance. For the first time in history, the value of a machine became higher than a value of human life in both financial and social sense. Human operators were easily replaceable, while machines were expensive, valuable and never to be turned off.
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That was the time a huge leap in value creation started to thrive following the exponential scale. In all previous times, the value hasn't had such a huge boom as in industrial age. However, with a huge increase in value, it created pollution, dissatisfaction, increased health risk, a decrease of quality of life and led to seeking of a more promising system of government which was meant to stop the exploitation of a common worker: socialism and communism. The capitalist system of "free" economy that we live in, based on human greed and wish for power and by no means perfect, but before we start being ungrateful, let's remember the disgraceful endings of alternative social/economic experiments.
To this very day, we are still looking for the answers to where lays the thin line between high profits and the value of human?
Let us know your thoughts!
To be continued...
If you are interested in joining the ADSactly Society, please read the blog series on ADSactly from the beginning. Have all of your questions answered in advance.
ADSactly on ADSACTLY - Part # 1 Open-Value Network / Co-opoly
ADSactly on ADSACTLY - Part # 2 Do-ocracy / Value Network
ADSactly on ADSACTLY - Part # 3 Open Stewardship
ADSactly on ADSACTLY - Part # 4 Society's Value Contribution System
ADSactly on ADSACTLY - Part # 5 The Value of Our Time
ADSactly on ADSACTLY - Part # 6 Cooperation and fair benefits
ADSactly on ADSACTLY - Part # 7 Support local production
ADSactly on ADSACTLY - Part # 8 Cooperation vs Competition
ADSactly on ADSACTLY - Part # 9 Sustainable Social Model
ADSactly on ADSACTLY - Part # 10 Blockchain Technology
ADSactly on ADSACTLY - Part # 11 Support for Decentralization
ADSactly on ADSACTLY - Part # 12 The Importance of Bitcoin
ADSactly on ADSACTLY - Part # 13 ADSactly in Discord (1)
ADSactly on ADSACTLY - Part # 14 ADSactly in Discord (2)
ADSactly on ADSACTLY - Part # 15 ADSactly in Discord (3)
ADSactly on ADSACTLY - Part # 16 ADSactly in Discord (4)
ADSactly on ADSACTLY - Part # 17 ADSactly in Discord (5)
ADSactly on ADSACTLY - Part # 18 ADSactly Clubs
ADSactly on ADSACTLY - Part # 19 ADSactly Tokens (1)
ADSactly on ADSACTLY - Part # 20 ADSactly Tokens (2)
ADSactly on ADSACTLY - Part # 21 ADSactly Tokens (3)
ADSactly on ADSACTLY - Part # 22 ADSactly Tokens (4)
ADSactly on ADSACTLY - Part # 23 ADSactly Tokens (5)
ADSactly on ADSACTLY - Part # 24 ADSactly Tokens (6)
ADSactly on ADSACTLY - Part # 25 Full Stack Startup
ADSactly on ADSACTLY - Part # 26 Artificial Intelligence Government Pt. I
ADSactly on ADSACTLY - Part # 27 Artificial Intelligence Government Pt. II
ADSactly on ADSACTLY - Part # 28 ADSactly Steemit Blog
ADSactly on ADSACTLY - Part # 29 The Future Of Crypto
ADSactly on ADSACTLY - Part # 30 ADSactly on Globalization
ADSactly on ADSACTLY - Part # 31 Blogging on Steemit
ADSactly on ADSACTLY - Part # 32 Social P2P network
ADSactly on ADSACTLY - Part # 33 Projects in ADSactly Society
ADSactly on ADSACTLY - Part # 34 ADSactly - Medium Blog
ADSactly on ADSACTLY - Part # 35 ADSactly - Environmental Protection
ADSactly on ADSACTLY - Part # 36 ADSactly - Sharing of Ideas
ADSactly on ADSACTLY - Part # 37 ADSactly - Centralized System vs. You
ADSactly on ADSACTLY - Part # 38 ADSactly - Taxation of Crypto - Part #1
ADSactly on ADSACTLY - Part # 39 ADSactly - Taxation of Crypto - Part #2
ADSactly on ADSACTLY - Part # 40 ADSactly - Cryptocurrency Trading General Advice
ADSactly on ADSACTLY - Part # 41 ADSactly - Steem Witness
ADSactly on ADSACTLY - Part # 42 ADSactly - CurveCoin Club
ADSactly on ADSACTLY - Part # 43 ADSactly - XP Coin Club
ADSactly on ADSACTLY - Part # 44 ADSactly - MASTERNODES - A new vision for the blockchain (#1)
ADSactly on ADSACTLY - Part # 45 ADSactly - MASTERNODES - A new vision for the blockchain (#2)
ADSactly on ADSACTLY - Part # 46 ADSactly - Producers and Others
ADSactly on ADSACTLY - Part # 47 ADSactly - Money Velocity
ADSactly on ADSACTLY - Part # 48 ADSactly - Bear Markets
ADSactly on ADSACTLY - Part # 49 ADSactly - What can ADSactly do for me?
ADSactly on ADSACTLY - Part # 50 ADSactly - Project Support
ADSactly on ADSACTLY - Part # 51 ADSactly - Open Cooperative Society
ADSactly on ADSACTLY - Part # 52 ADSactly - Can Blockchain Systems Provide Both Security and Privacy?
ADSactly on ADSACTLY - Part # 53 ADSactly - Creating Value Part 1
ADSactly on ADSACTLY - Part # 54 ADSactly - Creating Value Part 2
ADSactly on ADSACTLY - Part # 55 ADSactly - Creating Value Part 3
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