If you've got more than enough money you can lend the excess out to others and get interest. If you're the big four (Rockefeller, Morgan, Baring, Rothschild), then you've got pretty much all the money between you and everyone else's money is on loan from you.
Even for the hyper rich, controlling money is useless - what you want to control is resources, and that is why resources are accessed through the medium of money rather than by birthright or for free. For most people, the main way to get money is by working and thus the resource that is human labour is controlled - helped along by the fact that the money has to be paid back with interest and the interest can only come from the same place the capital did - ie the big 4, basically.
But by the same mechanism, human labour is working against technological efficiency. Technological efficiency is good on the face of it, but if it deprives you of a job then it deprives you of money and therefore of access to resources, therefore you don't want it, even though it's a good idea on paper.
When this problem is spelt out this simply, the stupidity of it is clear.
If money truly represented actual wealth (ie the resources we have to sustain human life on this planet) as many people think it does, then it would make some kind of sense. But it doesn't. It simply represents debt that most people are working to pay back but which in total can't be paid back because of interest. The amount of money in existence is growing independently of the true growth in the economy - ie increasingly efficiently deriving the resources we need to sustain our lives
Sunday, 18 July 2010
Controlling the resource that is human labour
Labels:
Baring,
debt money,
Morgan,
Rockefeller,
Rothschild,
technological unemployment
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