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0 Money – the root of all evil. Not quite!

  • Economy
  • by Adrian Mark Dore
  • 01-11-2023
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If you think money is the root of all evil, or if you only partially believe this to be true, then how would you classify the fountain or source of money-making? Surely, the source which enables the rich to make so much money unfairly and unjustly through crooked systems at the expense of the majority is more evil than money itself? Systems rigged to make the rich richer and the poor poorer are pure evil. 

Obviously, money is an inanimate thing and, as such, is neither good nor bad, but systems intentionally designed to create economic and social injustice are, and that’s what a lot of us find disgusting and immoral. 

In a democracy, the economy is supposed to serve the majority, but the rich have corrupted the course of democracy by influencing governments and implementing systems which serve their needs and not those of the majority. 

So, what are these crooked systems? The government runs the economy in accordance with a set of economic policies. Most leading Western economies are mixed economies comprising both free market and social market elements. However, they are predominantly free-market economies and moving progressively towards greater free-market dominance. 

That’s the problem – that’s the crooked system I’m talking about. 

It represents what I call the TRIAD OF EVIL, as free market policies favour markets over society and have directly led to the growth of three undesirable economic phenomena, namely: - 

  • Economic Apartheid (another name for free market economic policies. It is also known by another name of Neo-Feudalism.) It has justly earned these synonyms as it supports the rich exclusively, creating a situation where a small minority benefits from economic activities to the exclusion of the majority. It is returning us to a feudal system with a few masters and many slaves. This is not a supposition, but hard facts based on four decades of evidence of growing economic and social inequality. (Read this article for more details  Economic apartheid.. We live in an era of economic… | by Adrian Mark Dore | Medium ) However, this is only part of the problem. It has directly led to the growth of the other two elements comprising the Triad Of Evil.

 

  • Gobbelisation (a play on the word Globalisation to show how a few countries, such as China, have gobbled up critical manufacturing resources from all leading economies.) The loss of manufacturing is a serious disadvantage to any economy. We have been lied to when told that services make up for the loss of manufacturing. The truth is they don’t and never will. We are much weaker economically, socially, and politically due to the loss of local manufacturing. Free market strategies are directly to blame for this catastrophe. Read this article to learn more about the adverse effects of losing our manufacturing. The loss of manufacturing hurts you. | by Adrian Mark Dore | Medium

 

  • Bloodsucker Economy (also known as the Rentier Economy.) Our economy is split into two parts – the productive or normal economy and the unproductive or rentier economy. The rentier economy, as the name implies, deals with businesses involved in renting out assets. This requires no productive output. They receive a rental income from their asset without lifting a finger. We depend on our normal or productive economy to drive our economy. However, the rentier economy often offers investors higher returns and lower risks, so it attracts considerable investment. Money is thus diverted away from our productive to the unproductive economy, weakening the productive economy upon which the majority depend. 

    For many years, we were sold the lie that “trickle-down economics” worked, where we needed to leave as much wealth in the hands of the rich as they would invest it wisely, and we would all benefit. We now know that was all a lie because we have not benefited. In fact, to the contrary, we all suffered as they did not invest in the normal, productive economy but rather in the unproductive, rentier economy for their own exclusive benefit. They developed systems which have vacuumed up every morsel from the poor man’s table, making them even poorer. “Vacuum Up Effect” is a reality, while “trickle down” is a lie. Read this article for more details Vacuum Up — the reality. Trickle Down — the lie. | by Adrian Mark Dore | Medium

The Triad of Evil is only the beginning of rampant economic corruption. The corruption extends to include a dysfunctional banking sector, a dysfunctional investment culture and inappropriate and inadequate measurement standards, which only account for financial interests. 

If, at this stage,  the message is not blatantly clear that our entire economy has been corrupted, I’m not sure there is anything else I can say. Bear in mind the corruption which has spread across the economy has also spread across civil society to include academia and most of our institutions. This is to numb our intellectual capacity and limit us from challenging the establishment so they can continue on their merry way to rob the majority and enslave us.

You may read other articles by Adrian Dore on Medium at

https://medium.com/@adrianmarkdore/