Are the people living now happier than those who grew up in the past? Our money system relies on a constant increase in money circulation. The everyday needs were met in the seventies just like they are now. The only difference now is that everything people want or need is reached on a much larger scale because our economy is always trying to keep up with the debt. When the flow of money slows down the banks crave a new alternative to quench its never ending thirst for more. The people are the ones who have to meet the quota or they will suffer. This is a problem because it forces people to basically need money in order to survive in present day. It causes money to almost be a part of them and that is not natural to the human soul. When something unnatural becomes part of a human it can have a negative outcome on their actions. Another way to look at is if humans are born to survive the challenges they face then they will do anything to gain money because it is simply a way to survive. This is why money was able to transform into an empire that needs to keep growing to provide better protection for all the people part of it. Empires have to meet certain requirements to continue functioning. In order for the current money system to work it requires debt, new categories where money can exist, and the constant use of the world’s resources.
Every time a bank creates money and lends it to someone, that person not only needs to pay back the debt, they need to pay back interest on the debt, interest which literally does not exist.
“Money goes towards those who create new goods and services and this is why there are not many jobs to be had reclaiming the commons and protecting natural and cultural treasures” (Eisenstein 103). Bank...
... middle of paper ...
...estruction. People have the illusion that our generations’ way of living is much better than the past. The truth of it is that money has become a cancer to the human soul and this will cause a variety of negative effects on almost all aspects of life. The banks are huge monsters that become hungrier as people feed it.
Works Cited
Bowditch, Phebe Lowell. Horace and the Gift Economy of Patronage. Berkeley: University of California Press, 2001. magic.lib.msu.edu Library Catalog. Web. 6 Dec. 2013. Classics and Contemporary Thought 7.
Cato, Molly Scott. Environment and Economy. Taylor & Francis, 2011. Print.
Eisenstein, Charles. Sacred Economics: Money, Gift, & Society in the Age of Transition. Berkeley, CA: Evolver Editions, 2011. Print.
Stiglitz, Joseph E. Freefall: America, Free Markets, and the Sinking of the World Economy. W. W. Norton & Company, 2010. Print.
Nobel Prize winner, professor, author and economist, Joseph E. Stiglitz, wrote “Of the 1%, by the 1%, for the 1%.” Joseph E. Stiglitz served during the Clinton administration as chairman of the Council of Economic Advisers and is former senior vice president and chief economist of the World Bank. Throughout his piece Stiglitz argues how America’s economy is not likely to succeed in the future. Stiglitz creates a strong and credible argument throughout his piece by using the appeals of ethos, pathos and logos.
to many people because the bank took over their life. ?The bank is something more than,it?s the
Money— sweeter than honey but oh so destructive. It facilitates a man’s life, while a lack of it imprisons him in the streets of penury. It raises his social status, while an absence of it leaves him unnoticed. It gives him an aura of superiority and importance among others, while a deficiency of it makes him worthless in society’s eyes. Considering these two roads, most do not take more than a second to decide to chase riches.
In “The Real Truth about Money” (2005), Gregg Easterbrook discusses the effects of money on the people’s happiness. He presents his article with statistics of the generation immediately after the World War II and the current generation. He has experienced both generations as he has lived in both and is very familiar with the difference of people’s lives now and back then. Easterbrook is a highly reputed journalist, he is an authorized writer, editor, and professor. He worked with many professional magazines and newspapers; accordingly, he has enough knowledge to write about the people’s happiness in terms of money. Easterbrook has well convinced the readers with psychological facts from university researches and credible
Just as John Stuart Mill did in the Principles of Political Economy, Paul Krugman in The Return of Depression Economics and the Crisis of 2008 felt that the government should not only help American businesses gain profits, but also play a major role in protecting the people against big businesses and moguls. Krugman believes that the average citizen cann...
Friedman, Milton (2009-02-15). Capitalism and Freedom: Fortieth Anniversary Edition. University of Chicago Press. Kindle Edition.
Polanyi, Karl. "Societies and Economic Systems," "The Self Regulating Market and Fictitious Commodities: Labour, Land, and Money." "The Great Transformation. Boston: Beacon Press, 1957. pp. 43-55, 68-75
As stated by Akst, today’s debts are a significant problem. It’s accumulated to a total over ten trillion, peaking in U.S.’s history. Excessive spending done by both, the U.S. government and its citizens, produced such a massive debt. A simple solution to this ordeal is thrift, the state of saving and using money
In the Westing Game money acts as a sign of power to show in the end money is the not the final goal and when money is involved we forget about how much more powerful emotional value is. People use things and want things with artificial value because we give it power. Power gives us control which we take and use it towards something with an emotional sense of value. The problem is that people naturally get caught up in the power of money and forget about things with emotional power. Causing us to forget about things with emotional value and eventually lose what people started saving for.
At the same time, personal identity becomes problematic, so that development of the money form has both positive and negative consequences. That is, individual freedom is potentially increased greatly, but there are problems of alienation, fragmentation, and identity construction.
...and invention, As a result money like man is more powerful than when it was born, this power is only growing. I believe this growth will lead to many solutions for the problems we face today. The problems seem so impossible to solve, but history speaks for herself. She is indifferent, she is the same, man has to adapt man, has to conform.
product. When everyone is a productive member of this world, the money remains in place;
Stiglitz, Joseph (2005), “The Overselling of Globalization,” in Bradley A. Thayer, Nuray V. Ibrayomova (eds.), Debates in International Relations (New York: Longman), 86.
Joseph E Stiglitz, Globalization and its Discontents, April 2003 / paperback / ISBN 0-393-32439-7/6 X8
The desire to have money is ingrained in people today as explained by Ventura (1995) when he said that money has become the absolute standard of access and status.