- Feb 5, 2019
Money was causing problems a long time before Capitalism. The problem with money is that it encourages and multiplies debt - in a way that barter simply couldn't. And men and women in debt do horrific things to get money to pay those debts.The problems outlined in this presentation are largely the result of our abuse of capital (both real and monetary) for the last 120 years. We expanded our "wealth" exponentially but that wealth metastasised under the fake financial systems that we put in place. Money ceased to be a means of communicating real value transfer because the money system became a vehicle for subterfuge.
The fake money system started to create false signals which amplified over time. What we experience today that we call "capitalism" barely resembles what it was 120 years ago. What you're talking about is a mutant borne of centrally controlled capital whether through banking or government control.
What you're calling "capitalism" has never actually existed - and I don't think it ever will. Indeed, we seem to be going in the opposite direction. Some sort of hybrid between Communism and Global Finance Capitalism (which I'm not happy about btw.)But abandon the notion of "capitalism" and we die. It's that simple. Let's not run away from our problems by running towards another fake "solution".
If anything is going to fail, it won't be capitalism.Why capitalism will fail.
Capitalism will survive.
And thank God on bended knee for this.
You like a system ruled by fear and greed?