Topic > The negative effects of an economy hungry for more money

Are people living today happier than those who grew up in the past? Our monetary system is based on a constant increase in monetary circulation. In the seventies, daily needs were met just like today. The only difference now is that everything people want or need is achieved on a much larger scale because our economy is always trying to keep up with debt. When the flow of money slows, banks crave a new alternative to quench their endless thirst for more. They are the people who have to meet the quota otherwise they will suffer. This is a problem because it forces people to fundamentally need money to survive in the modern day. It makes money almost a part of them and this is not natural for the human soul. When something unnatural becomes part of a human being it can have a negative effect on his actions. Another way to look at it is that if humans are born to survive the challenges they face, then they will do anything to earn money because it is simply a way to survive. This is why money has been able to transform itself into an empire that must continue to grow to ensure better protection for all the people who are part of it. Empires must meet certain requirements to continue functioning. For the current monetary system to work, it requires debt, new categories for money to exist in, and the constant use of the world's resources. Every time a bank creates money and lends it to someone, that person not only has to repay the debt money, they have to repay interest on the debt, interest that literally doesn't exist. treasures” (Eisenstein 103). Bank......middle of paper......destruction. People delude themselves into believing that our generations' way of life is much better than in the past. The truth is that money has become a cancer on the human soul and this will cause a variety of negative effects on almost all aspects of life. Banks are huge monsters that get hungrier as people feed them. Works Cited Bowditch, Phebe Lowell. Horace and the economy of gift and patronage. Berkeley: University of California Press, 2001. Library catalog magic.lib.msu.edu. Network. 6 December 2013. Classics and contemporary thought 7.Cato, Molly Scott. Environment and Economy. Taylor & Francis, 2011. Print.Eisenstein, Charles. Sacred economy: money, gift and society in the age of transition. Berkeley, CA: Evolver Editions, 2011. Print.Stiglitz, Joseph E. Freefall: America, Free Markets, and the Sinking of the World Economy. WW Norton & Company, 2010. Print.