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Whatever money I have made in my working life I've made by taking raw materials and making them into something useful and hopefully appropriate to its surroundings. That seems to me to be the honest way to prosper, whereas financial speculation and usury are neither honest nor honourable in my eyes. This is, I agree, a simple and limited view, and quite appropriate to my understanding of the situation. Personally, I'm happy that I can still hear the still, small voice of my conscience, since I've not had to ignore its guidance in the past.
I wonder if I might, without causing offence, draw a parallel between your feeling that Fractional Reserve banking could be a good system if it were only administered properly, and my feeling that Communism (as practised by the disciples of Christ, rather than later models) would, if only it were properly organised, be better than Capitalism ?
Although you may easily feel that no such parallel exists, would you also deny that Fractional Reserve banking is one of the major weapons deployed by those who would concentrate wealth amongst the few, and impoverish the rest of us ?
Yes, we do seem to occupy rather different universes Aazadan, I'm not even sure what a "digital object" is, but that seems to be no bar to a fruitful debate.
A closer look at the animal kingdom reveals a surprising picture however.
Few animals kill more than they can eat, or take from Nature more than will meet their immediate need.
If we compare human behaviour against this natural situation, I would have to admit that many humans are not content until they have amassed more than they can possibly need, or use effectively.
From this, I would infer that selfishness and greed are as unnatural in mankind as they are amongst the "dumb animals," which set us such a fine example of how to behave.
So while you may be right in the (for me, very depressing) assertion that human frailty has scuppered communism and capitalism, and that both could work if practised by a more enlightened public -- I see that as a strong indication that our problems are not political or fiscal, but spiritual.
reply to post by coldkidc
Well sooner later headlines will read "Civil Unrest has intensified with the demise of the US dollar"