Thursday, March 23, 2006
Pacifica Commentary For March 22, 2006
Economics 101
To understand our economic system you must comprehend the following:
If you have money, you will be paid money for having money.
If you do not have money you must pay money to get money.
This is called interest. Our ancestors called it usury. It was known as a sin in both Islam and Christianity. Actually this system of injustice is one of the prime generators of war.
So it is not at all surprising that one of the supreme architects of the rape of Iraq is now head of the World Bank.
Now do you understand why credit card companies are begging you to borrow money? They know they can get 25% interest on the money they lend you. If you don't have money you must pay money to get it. And these friendly credit card companies are delighted to come after anything you do own if you can't find the money to pay them for not having the money you need.
This simple economic reality is one of the key reasons for international poverty. Actually, anyone making over $25,000. per year is in the top one percent of the globe's income.
The World Bank is anxious to lend money to small countries. Loans develop dependency. The loans lead to control of the small country and its assets just as your assets are in danger every time you request a loan. The problem is systemic. It can only be solved by observing the practical currents of change coming from places like Venezuela where Hugo Chavez is using income from oil for programs of social justice.
Conventional mythology will say, "But there will be no incentive if there is no profit."
Friends, some of the most effective and incentive driven people on this planet are living on fixed incomes. Consider the physicists, chemists, economists, academics and perpetrators of justice and peace who win Nobel prizes. Their incentive is not profit, it is excellence. And such is the case as well for those who do not win such prizes but are driven and sustained by the pursuit of justice and peace. Excellence can also be motivated by cooperation rather than by profit driven competition.
We will build a peace system as we abolish a system, which is based on squeezing the life out of the world's poorest people.
To understand our economic system you must comprehend the following:
If you have money, you will be paid money for having money.
If you do not have money you must pay money to get money.
This is called interest. Our ancestors called it usury. It was known as a sin in both Islam and Christianity. Actually this system of injustice is one of the prime generators of war.
So it is not at all surprising that one of the supreme architects of the rape of Iraq is now head of the World Bank.
Now do you understand why credit card companies are begging you to borrow money? They know they can get 25% interest on the money they lend you. If you don't have money you must pay money to get it. And these friendly credit card companies are delighted to come after anything you do own if you can't find the money to pay them for not having the money you need.
This simple economic reality is one of the key reasons for international poverty. Actually, anyone making over $25,000. per year is in the top one percent of the globe's income.
The World Bank is anxious to lend money to small countries. Loans develop dependency. The loans lead to control of the small country and its assets just as your assets are in danger every time you request a loan. The problem is systemic. It can only be solved by observing the practical currents of change coming from places like Venezuela where Hugo Chavez is using income from oil for programs of social justice.
Conventional mythology will say, "But there will be no incentive if there is no profit."
Friends, some of the most effective and incentive driven people on this planet are living on fixed incomes. Consider the physicists, chemists, economists, academics and perpetrators of justice and peace who win Nobel prizes. Their incentive is not profit, it is excellence. And such is the case as well for those who do not win such prizes but are driven and sustained by the pursuit of justice and peace. Excellence can also be motivated by cooperation rather than by profit driven competition.
We will build a peace system as we abolish a system, which is based on squeezing the life out of the world's poorest people.
