PROFIT AND SOUL

Contrary to popular thinking, business is not about profit and greed, but should truly be about quality service and moral upliftment. Money really messes up the equation and the soul. We need to understand its advantages and limitations. Otherwise, it will choke the planet. Deliberately. Join this blog to see how business ethics can be modified for a better future.

Friday, September 01, 2006

WHOSE INTEREST?

We live in a world of positive interest rates which guarantee growth of capital. This growth is exponential due to the compounding of interest. In contrast, nature does not grow exponentially. Hence inequalities are created and cultivated. We create two economies - a financial one which has no grounding or direct connection with reality, and a physical one of people, nature and produce. Risk and sacrifice transfers from the wealthy to the slaves - who continue to take on more risk and more penury. The financial economy enables people to earn wealth without effort or respect for nature or people. The physical economy continues to deteriorate from all this violence. And positive interest rates have a lot to do with this. It is now forgotten, but many faiths have prohibited usury as it was seen as a curse and exploitation of the weak and the poor. Today, interest is legitmised and to question it is to question the very basis of modernity itself. Powerful financiers would not like to question these basics as it is not in THEIR interest.

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