On Money - Instablogs
On Money
G , Canberra: Sep 10 2009
Made Popular Sep 10 2009

On Money

The problem is not that there is not enough money in the world. The problem is that most of the money is concentrated in so few hands. Money as a concept worked well for a long time but it is just ridiculous to keep structuring our societies around a concept that leaves most people spending their entire lives just trying to make ends meet A small minority bask in selfish opulence while the vast majority live in squalor, desperation or dissatisfaction.

Getting rid of money is not plausible or particularly helpful. What needs to be done is that the global financial and local economic systems need to be structured in such a way as to take the competitive bite out of the market. That the vast majority of people struggle is no great secret but I think that it is not a matter of redistributing wealth so much as it is a matter of restructuring the very concepts that underpin our notions of wealth, economy and success. There is enough money getting around for everyone to be quite comfortable and for those few that feel they need it to spoil themselves rotten. There is too much money fluttering around for there to be any homelessness or starvation in this world.

It’s about damn time someone rethought the system because it evolved from much smaller market economies and is dangerously top-heavy. After our recent Global Financial Crisis - who really believes that the actions of governments and corporations will end up in anything more than a rather tamely modified version of business-as-usual ?

Again - money is not the problem, the way that our value systems and priorities are structured may be the real culprit. Money can sometimes buy some form of freedom but it can never truly buy peace or love which are the two things the world needs much more than credit, finance and stock-market gains.

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2 Stars
Peter
Brisbane, Australia
Money is the biggest reason behind growing crime in the world. Everyone wants to rich by hook or by crook and those who know they can't fight for food and other basic amenities.
2 Stars
G emeraldsandash.blogs..
Canberra, Australia
Yes... and I wonder sometimes if people really need all of the things they clamour after... commercialism of course has much to answer for, as does advertising, but in the end it appears to be a deep dissatisfaction with the way things are that drives people into the false belief that material wealth or possessions can salve their pains...

I think there is enough money (i.e. symbolic wealth) for everyone... it just needs to be a little better thought out in the ways in which it is distributed...
2 Stars
Thomas
Paris, France
They say that money is your best friend and i would agree to certain extent because money is something which helps you in the most tough time of your life. But yes retaining your relationships with your loved ones are equally important.
2 Stars
Grace Calderon
Quezon City, Philippines
You’re right about the unequal distribution of wealth, but this inequality had been primordial to as far back as we don’t know when.

I think the problem(s) with money are POSSESSION and TRANSFER OF OWNERSHIP.

Let’s replace money with ’pencil,’ for instance. You start out with having one pencil, while I don’t. I take your pencil. I am now one pencil richer, while you are one pencil poorer. Whichever way I took your possession and how it got transferred to me depends on my ingenuity, creativity, level of astuteness, and whatever extant environment that was conducive to my opportunity to have taken it.

There’s no way that the ’transfer of ownership’ was legitimate or legal because I did not give you anything in return, in cash or kind.

That’s the problem with a finite resource such as wealth. There’s a lot of illegal and illegitimate transfer of ownership, thereby creating the imbalance in the distribution of the means to avail of individual needs.

As to the question whether money makes one happy, in the Third World, it does. Money to procure minimum basic needs makes people happy. Otherwise, without money, you would have unfed, unclothed, unsheltered, unwashed, and unhealthy people. Down the line, that would later become disgruntled people. Even farther down the line, you would surely get people who go berserk.

Nice musings up there, buddy.
1 Stars
G emeraldsandash.blogs..
Canberra, Australia
Hi.

I guess I just think that there *is* enough money for everyone. It’s just unfairly shared. No news there, I realise, but I find myself in a position where my job is merely an inflatable lifesaver to keep my head above the froth and foam of life and bills... and somewhere someone is cruising around in a luxury yacht and... well, you know... I don’t want a yacht - just a small boat to get through life without a mouthful of troubled ocean at every breath...

I don’t think we should get rid of money - that won’t help and is plainly implausible. I think that something has to be done about it. Like wealth beyond a certain (i.e. obscene) limit should be invested (with a little coercion, perhaps) back into social capital, welfare, humanitarian development, etc. I don’t know - I just think that the current system of finance and markets is a farce and is perpetually set to benefit a few. It doesn’t have to be this way.
2 Stars
@Grace

To quote you, ”whether money makes one happy, in the Third World, it does.”

Money does not make people in the first world happy? Ok, maybe their governments can provide them with clothing, food, shelter when they are broke but nevertheless, if they found themselves in the same situation africans do, then it would certainly make them happy too.
But, of course, the happiness is shortlived and only lasts till the money is still available.

@Graeme, Money is such a terrible thing.. somebody should have killed whoever came up with the idea!
Money has brought us to the brink of a war at the moment and if the two leaders in our case don’t agree, we could be headed for disaster.
1 Stars
Lynne K
Sydney, Australia
Its not the money thats at fault but HUMAN GREED, when is enough - enough, at the expense of other people’s suffering?
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