What are some of the detrimental effects of The Monetary System?

There are many disadvantages to using this old method of exchange for goods and services. We will consider just a few here and let you add to this list on your own.

  1. Money is just an interference between what one needs and what one is able to get – it is not money that people need, it is access to resources.
  2. The use of money results in social stratification and elitism based primarily on economic disparity.
  3. People are not equal without equal purchasing power.
  4. Most people are slaves to jobs they do not like because they need the money.
  5. There is tremendous corruption, greed, crime, embezzlement, and more caused by the need for money.
  6. Most laws are enacted for the benefit of corporations, which have enough money to lobby, bribe, or persuade government officials to make laws that serve their interests.
  7. Those who control purchasing power have greater influence.
  8. Money is used to control the behaviour of those with limited purchasing power.
  9. Goods such as foods are sometimes destroyed to keep prices up; when things are scarce prices increase.
  10. There is tremendous waste of material and strain on available resources from superficial design changes for newer later fads each year in order to create continuous markets for manufacturers.
  11. There is tremendous environmental degradation due to the high cost of better methods of waste disposal.
  12. The Earth is being plundered for profit
  13. The benefits of technology are only distributed to those with sufficient purchasing power.
  14. Most important, when the corporation’s bottom line is profit, decisions in all areas are made not for the benefit of people and the environment, but primarily for the acquisition of wealth, property, and power

The greatest lesson we might learn could be that human beings free of debt, insecurity, and fear become much more amiable. No one will be out to sell anyone anything or to deprive another of possessions or money. In a resource-based economy, the basis for unhealthy human aggression will be outgrown. People will no longer be burdened by the nagging concerns that consume so much of our attention, such as mortgages, health care costs, fire insurance, and economic recession, the loss of jobs, recession, depression, and taxes.

With the elimination of these burdens and the removal of the conditions that create feelings of envy, greed, and competition, our lives would be far more meaningful. For the first time we may begin to know what it means to be human? As we enhance the lives of others, protect our environment, and work toward abundance, all our lives can become richer and more secure. If these values were put into practice, it would enable all of us to achieve a much higher standard of living within a relatively short period of time; a standard of living that would be continuously improved.

People would be free to pursue whatever constructive endeavour they chose without the economic pressures, restraints, and taxation that are inherent in the monetary system. By constructive endeavour, we mean anything that enhances the lives of the individual and others. When education and resources are available to all without a price tag, there will be no limit to human potential. With these major alterations, people would eventually live longer, more meaningful and healthier lives. The measure of success would be the fulfillment of one’s individual pursuits rather than the acquisition of wealth, property, and power.

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