"At present, our unexamined money system perpetuates scarcity and breeds competition. Are you aware that money is created out of noth-ing, as bank debt? And how that particular process of creation breeds systematic competition among its users? Did you know that the prevail-ing money system generates several other harmful consequences, in-cluding short-termism, compulsory growth pressure, cyclical recessions, unrelenting concentration of wealth, and erosion of social and physical or natural capital? All these factors together create a wholly unsustain-able financial structure that is, indeed, disintegrating. So, how did we get here? Modern money, the type we use today, was invented in a very differ-ent time with a different worldview and another set of priorities and challenges than we have today. Money is not a product of nature, some-thing that grows on a tree and can be harvested. Rather, modern money is a human construct that was conceived and fashioned back in the 1700s in Europe and then evolved, first in En gland, to become the engine for the Industrial Revolution. Up until that point, the vast majority of people eked out meager existences, while real wealth was obtained mainly through the spoils of war or colonization, marriage or inheritance." Bernard Lietaer and Jacqui Dunne RETHINKING MONEY, INTRODUCTION amazon/Rethinking-Money-Currencies-Prosperity-ebook/dp/B00B4IJFNU/ref=sr_1_1?ie=UTF8&qid=1375194606&sr=8-1&keywords=Bernard+Lietaer+and+Jacqui+Dunne
Posted on: Tue, 30 Jul 2013 14:32:33 +0000
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