Ex scientia pecuniae libertas. - From knowledge of money comes liberty.
Latin gives it gravity, no? This caught my notice as the self-employed must know what money is to survive (and the differences between credit, currency and other financial tools). And how once upon a time people assumed to be free they must be self-employed. But not anymore. Freedom now is seen as having accumulated enough assets to retire, an odious goal in which the rest of us are denied the good of the other due to sloth.
Whereas freedom in self-employment benefits all, this degenerate "freedom by investment" was achieved by social conditioning performed over the last 40 years as a narrative to the inflationary regime.
Banking regulations gave banks credit to lend with no rational limit. The more irrational the lending criteria, the greater the success, and eventually, too big to fail. This credit was looking for suckers, and while car and home buyers were simply chewed up, people with student loans are quite broken. But the impact on business start-up is unique. The EZ Credit distorted the price signals, making entrepreneurship more difficult, and at the same time skewed the product mix to an EZ Credit customer base that favored consumerism over materialism. Consumerism now is reduced to pixellated property.
Given the social conditioning to investing for retirement, and the patterns and practices of capitalism in which putative earnings (tallied in credit, not money) are set aside ostensibly for retirement, all eyes are on the market conflagrations.
Turn around. See self-employment. And then push for total deregulation of banking. that is the way out.
1 comments:
How Your Savings Plan Fuels an Arms Race on Wall Street
http://evonomics.com/how-your-savings-plan-fuels-an-arms-race-on-wall-street/
Post a Comment