Money Cow

Baseball season is right around the corner. So, like years past, I find myself flipping through Robert Bly's book, The Sibling Society. I've learned that this isn't a conscious thing, it just happens. I would guess it's for the adult male wisdom in it. I'll be working with adolescents and children in one capacity or another on the baseball diamond this year, so it's always nice to get my bearings straight before I go at it. Anyway, while looking for a quote by Dostoyevsky on how adolescence naturally use language like soldiers and sailors I ran across this tale by Bly. I've probably read it a half-a-dozen times or so in the past, but this time it really had an impact on me.

A Curious Tale

Once upon a time there was a country, far north and far south of here, where farmers found a new domestic creature, superior to sheep, pigs, or chickens. It happened just after money had been reclassified as an animal. One day it was a thought; the next day it was real, and had horns and an udder.

The breeders soon found that the new animal needed much air and water; and some of the poor had to be moved to the inner cities and others to the suburbs, to make room. Although it was regrettable that people had to lose their old homes and their security, nothing could be more important, the Senate and the House said, for the future of the nation than this new money cow. What they needed was one great money bull for the development of the line.

A perfect money bull was finally discovered; his name was Bottom. For a while, everyone was satisfied with Bottom, and many gifts were brought to him. Boys wore their caps backward as an honor to Bottom. He finally learned to speak, and his words and his sperm were sent all over the known world.

When Bottom began to demand sacrifices, some people became uneasy. But Congress agreed to his demands. Hundreds of people lined up to be sacrificed to him. This line of people about to die was called Bottom's line.--pg. 153-54

The first people I thought of after reading this tale was Donald Trump, Ronald Reagan, and Wisconsin's very own Governor Scott Walker.

I'd say we've sacrificed a lot to Bottom since 1980.

Delusions

Ended up grabbing Doug Brown's Roadmap to Sustainability off the shelf this morning. I've probably done this a couple dozen times now. It just goes to show that thought is nonlinear, atleast my thinking anyway. I ran across this quote by Gandhi:

"The ideal of creating an unlimited number of wants and satisfying them seems to be a delusion and a snare."--Gandhi

This delusion runs The Economy.

Pushing Boundries

I’m frustrated.

I have been following Ran Prieur’s posts about money and the economy. They’re amazing. A few thoughts come to mind after reading them: Most people never have or never will learn about this in or out of school, or if they do they will never see the value in it. As Ran says:

Specifically, I don't expect one in ten economists to agree that interest causes inflation, because interest is to economists as water is to fish. Because of their training, they are simply unable to imagine a world without it.

Another thing that I hear Ran saying is that the whole idea of borrowing money and being expected to pay back more than what you borrowed is one of the main problems with our economic system.

It's true that the payment of interest is now only a minor part of the growing money supply, but he misses the deeper issue: without the idea of interest, the custom that borrowers pay back more than they borrowed, banks would have no incentive to loan money, and banks as we know them would not even exist.

Can you imagine a world without banks?

I picked up my local newspaper yesterday. I rarely ever do this because I don’t have much time to read, and when I do have the time to read I’m either reading books or reading articles like Ran’s on the internet. But what I fantasized about before picking up the paper was seeing an article in the Readers Opinion column talking about alternative money systems like demurrage currency and the Brakteaten money system. After all, those money systems appeal to someone imagining a money system that is not driven by the idea of interest. To my mind, using those money systems would be one of many practical solutions to the economic and other problems we are facing.

Well, I didn’t notice any mention of the demurrage currency or the Brakteaten money system. Perhaps a lack of imagination is the problem. Maybe there was no mention of this because those alternative money systems are still blind spots to most of us, perhaps we need to shine more light on them.

That last thought leads me to an image of John Trudell in Trudell: The Movie sitting in a chair talking about how amongst us there is just not much clear and coherent thought about the problems we are facing. He’s right. In my day-to-day life outside of the internet no one really talks about the problems we are facing, and if they do the conversation doesn't last long. If we’re not going to talk about them we’re surely not going to think about them.

That's why I'm frustrated. I know a better world is possible but we're not close to yet.

The Role of Government

In responding to a post over at IshThink.org, I dug up these quotes by Adam Smith, John Locke and James Madison about the role of government in our lives. They've always stuck with me since I first read them.

When they were laying out the Federal Constitution James Madison emphatically argued that the goal of the American political system was "to protect the minority of the opulent against the majority." The Debates in the Several State Conventions on the Adoption of the Federal Constitution, 1:449-450

Or to quote John Locke out of the Two Treatises of Government, "Government has no other end but the preservation of property."Second Treatise, Sections 138-140

And lastly to quote the godfather of modern economics, Adam Smith, "Civil government...is in reality instituted for the defense of the rich against the poor, of those who have some property against those who have none at all." An Inquiry into the Nature and the Wealth of Nations, 413