Money is an agreement, it doesnt have value all by itself. It has value because people agree that it has value. Economist will tell you what money does, that it facilitates exchange, you use it to count things and keep track of things. You write some numbers, on a magical piece of paper called a check, and you can cause all kinds of abundant of goods to come to your house and you can even cause misery for thousands of people if you are one of the highest initiate of the magic of money. Scarcity is built into the money system on a most obvious level, Its because of the way money is created, as interest bearing debt. So any time a bank lends money into existence, the money comes along with a corresponding amount of debt. and the debt, because theres interest on it, is always greater than the amount of money. So it essentially throws people, into competition with each other for never enough money. Growth is another thing that is built in our money system. Economic growth means that you have to find something that was once nature and make it into a goodor was once a gift relationship and make it into a service. You have to find something that, people once got for free or did for themselves or for each other, and then take it away and sell it back to them By turning things into commodities, we get cut off from nature. in the same way we are cut off from community. We look at nature with eyes, well, its just a bunch of stuff. And that leaves us very lonely, and leaves us with many basic human needs that go unmet. And if you have money, you might try to fulfill this hunger through purchasing, through buying things, or through accumulating money itself. Of course now we are nearing the end of growth Our planet cant sustain much more growth. Thats why the crisis we have today wont go away. youtube/watch?v=EEZkQv25uEs
Posted on: Wed, 15 Oct 2014 09:45:37 +0000
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