Money and the Crisis of Civilization

The systemic crisis that now unfolds in the world cannot be fully understood without first understanding what role ‘money’ plays in all areas of human life. Initially introduced as a means of exchange between consenting parties, money was tied to tangible goods produced by spending physical energy (both resources and labour). In the last 400 years money has turned into an ‘independent’ player that has commodified every aspect of human life, without exception. In other words, from a marginal tool of exchange in social interactions (otherwise governed by centuries-long traditions of moral and behavioural codes) money has became the ultimate end-goal, codifier and master of all relations. Needless to say, in the present system the control over the supply side of money determines everything else. The article by Charles Eisenstein entitled ‘Money and the Crisis of Civilization’ presents a simple review of how this system was created and sheds light on why it won’t be able to survive. To date, the continuation of the system was characterized by cycles of wars and conflicts to prop it up. How many people have paused and considered what is coming next?

This entry was posted on October 15 2008 at 16:23 and is filed under In The News, Economic Issues, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.