Justice is the premise by which all the world laws are formed under. The term justice can defined very briefly as giving the due rights to a person or an entity and at the same time disciplining society to only do good. The governing bodies of different countries have the duty to give the equal rights to all the people under their protection equally, reasonably, objectively and justly. Humans being in control of the economic-systems and its operation, they as a fact have the ability to change the systems to serve the common-people beneficially and at the very same time, they have the ability to place certain instruments within the economic- framework to benefit a few. Whilst there is no greater power above them to bring them to accountability, the rest of humanity could be played as puppets to serving the needs of the few without thinking twice about it. What if those who are in power with the authority of creating the law system and adjusting it when thought needed, are adjusting the system blindly or ignorantly; out of self-interest or greed or simply without actually measuring the reality of the substance which is being used? What if the law system is only based on the minds of humans, which is ruled by subjectivity of what is right and wrong, not basing their decision from a foundation of set principles?
The Evolution of Interest
Through the examination of history it becomes apparent that interest was once seemed an evil act. Plato had regarded it a way of the rich exploiting the poor, whilst Aristotle taught money should one be used a means of exchange and should not be used as to increase itself through interest.
The practise of usury was once condemned by all three of the Abrahamic faiths (Christianity, Islam and Ju...
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...stem has evolved and there is a much more lengthy explanation to that itself. The banks now produce what we call ‘money’, which in reality has no value, but it is said to have value as it enforced by the governments as a medium of exchange of wealth. For example if a consumer wishes to buy an item, the consumer approaches the bank to borrow. The banks do not give physical cash but create computerised money (as digits on a screen) which then is placed into the account of the borrower, then soon the merchant. The consumer walks away with an item happily, but at this point money has been created because it did not exist in the morning on the very same day before the contract was signed. That is now new money and so banks produce new money through the means of loaning. So we can easily say that the total amount of money in an economy is equal to the total amount of debt.
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