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The Rise (and Fall) of the Global Elite

Although it misses some of the fundamental phenomena that are at work in the world today, like resource depletion, environmental pollution, climate change, institutional breakdown, and the shift toward a steady-state, no-growth economy, this article from the Atlantic is worth a quick read (The Rise of the New Global Elite). It highlights the growing gap between the super-rich and everyone else, pointing out the peculiar attitudes and rationalizations of the former and the apparent passivity of the latter. In my opinion, the oligarchs and their minions give themselves far too much credit for their success. It may be true that they are clever, industrious, and hard-working, but so too are con men, embezzlers, and a goodly number of thieves and other criminals. Is it clever and industrious to appropriate for oneself (by force, intimidation, bribery, or manipulation), resources that are by nature the birthright of all (“the commons”), or to use one’s “insider” position to abuse a public trust? Far too many fortunes have been made that way. The Atlantic article concludes “The lesson of history is that, in the long run, super-elites have two ways to survive: by suppressing dissent or by sharing their wealth. It is obvious which of these would be the better outcome for America, and the world. Let us hope the plutocrats aren’t already too isolated to recognize this.” The thing that distinguishes a cancer cell from a normal cell is its alienation from the general body—from the “spirit,” if you will, that gives coherence in a living organism. A plutocracy that is alienated from the spirit of the community, like a cancerous tumor, cannot survive for long, it will eventually perish along with its host. –t.h.g. Read the original post on Beyond Money.
endofmoney Thomas Greco is the author of The End of Money and the Future of Civilization.

The Emergence of Self-Organizing Systems of Exchange

Joseph Jaworski is the author of Synchronicity: The Inner Path of Leadership. In a message today from the publisher announcing the second edition of the book, I noted the reference to Jaworski’s “Four Principles to Access the Source of Innovation.” Although I’ve not yet read the book, I did take a look at the blog […] Read More..

Coping, Caring, and Building Community

As the financial and economic ground continues to shift beneath our feet, it becomes ever more imperative that we reduce our dependence upon the institutions and structures that we have come to depend upon and take for granted. The financial tsunami of 2008 and the continuing aftershocks should be a wakeup call. The sock markets […] Read More..

The Great Unraveling—Entering Stage Two

There has been very little recognition of the Debt/Growth Imperative that is built into our global system of money, banking, and finance. As I have been preaching for many years, the creation of money as interest-bearing debt requires that indebtedness, in either the private sector or the public sector, must be continually increased at an […] Read More..

Money and Oil: The agenda in Libya becomes more evident

I hadn’t noticed it before, but on March 22, Bloomberg reported that, Libyan Rebel Council Forms Oil Company to Replace Qaddafi’s.Well, we’ve grown to expect things like that. The more interesting development reported in the article was this:The Council also said it “designated the Central Bank of Benghazi as a monetary authority competent in monetary […] Read More..

Stop Chasing the Buck and Change Your Luck

Cashless trading based on credit clearing is moving into its next stage of development, the optimization and scale-up stage. Established groups and associations are beginning to recognize the importance and urgency of disengaging from conventional structures of money and banking, reclaiming “the credit commons,” and reorganizing the exchange of value under local community control. One […] Read More..