The global financial system isn’t broken, it’s capitalism working just fine

[Here is a response I posted on the Guardian website in response to this article. If you have read that and followed the link here, please read further down for more.]

You can’t fix our global financial & monetary system, you can’t ‘fix’ capitalism.

What we see here is capitalism doing what it’s (in essence) designed to do. The mistake that so many people are making is to think that this is an accident or an aberration. This is capitalism¬†working.

It’s a ridiculous system who’s lifeblood (money) is a complete fiction – and as it turns out, a dangerous one.

If by ‘fixing it’ we want to live in a world where the basics for survival (oxygen, food, water, shelter, security etc) and the most important things in a human life (meaningful employment of time and energy, rewarding relationships, social inclusion etc) then we have to recognise that none of those NONE of them require money – capitalism even less so. The fact that anyone has been taught differently has to be unlearned. Thankfully it’s not very hard to see it if you stand in the right place to get some perspective on it.

We need to recognise that anything we do to make things closer to how they were only serves to delay the inevitable collapse of a ludicrous system that runs on an impossible promise of infinite growth in a world of finite resources. It’s unsustainable and when something is unsustainable it’s demise is inevitable. The sooner we recognise this and agree a better way of doing things the happier we’ll all be.

Until then we will be applying band aid after band aid to keep ourselves locked into a rat race that keeps us buying and deluded into thinking we can all win. We want to keep our stockholm syndrome alive, we want to believe that if we work hard or are talented we can have it all. But it’s just not true. Everything we really need and want is within our grasp, and can be sustainably managed for all if we only decided to live that way. It requires no ‘devolution’ no drop in the ‘quality of life’ (for us the richest) and a huge uplift for the majority of the world.. yes, even with our growing population. This system is not the best one we have, it’s the most virulent and the most divisive, but it cannot and shall not last. We have better options, if only we have the open mind and the courage to search for them.

One day this has to end and our only real choice is with a bang or a whimper.


About defiantidealist

There are no rules save the ones we make for ourselves. We can have any world we want, and this one is what we have chosen. To change it we must simply choose differently. Remember the system is fragile. Every civilization is only three meals away from anarchy. We can make it better. All we really need is that powerful dream to aim for, and the courage to defy those that say it can't be done.
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