Debt: Destroying us with money.

“Money and debt make it possible to influence people without having public executions.” Justin Michael Barnett 2017/03/14

Money has been fundamental to human development. Debt has been an instrument of mass destruction, which is ravaging our society, our entire planet right now. Debt is funny money, money which has not been made yet. However, debt can be recorded in American accounting as an asset, increasing the monetary worth of the lender, even though collection of a certain percentage of debt is impossible. Debt is the American contribution to the world, a slavery made possible by using material things as a basis of our self image.

Americans probably were not the ones who came up with the idea of a company store, where employees can charge food and other goods to an account. The company never paid quite enough to get by on, so most of the employees were in debt to the store. But if they quit, they would have to pay off the company store. American companies went into Nicaragua, bought up most of the countryside, and planted bananas. Then the locals were offered employment with the banana company, (Day-O! Daylight come and me want go home.) or they could starve. Or move.

But that was not the worst. In order to keep consumerism from collapsing due to the American public having spent their savings completely, easy credit was introduced. Debt. This was a creation of the banking industry, the idea that someone would be allowed to purchase something with money that they had not earned yet. The idea of individuals being able to borrow money is exceptionally recent, compared to the immense history of banking. But then, so is the economic model of consumerism, which is the structure of the American economy.

As consumers, we are expected to consume. However, we are not making enough to consume very much, in spite of how cheap everything has gotten. Things are so cheap because they are made from American materials shipped half way round the world, processed into goods by people making a dollar or two a day, and then shipped back to the United States. That is a simplistic generalization to illustrate the insanity which prompted manufacturers to abandon a labor market which demanded health care benefits, retirement benefits, and vacation time. Calculating the worth of products in money makes it seem worthwhile to ship materials to China to get finished goods back. There is no monetary way of calculating the value of jobs, health care, extended families, and happiness.

Those are some of the things that we have lost because of money and materialism. We should also include the environment, courtesy, patience, and sharing. Money allows us to live outside of the community, not dependent on group resources to survive. Debt shackles us to the past, destroying our future.

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