Tag Archives: money

The root cause of our problems. Money.

The new financial year is kicking in, and with it all the new budget cuts and austerity measures forced upon us by the political class and their corporate masters. If you’ve already had your payslip for March, you’ll have seen your NI payments went up. As our wages/incomes devalue, down to 2005 levels already, things are going to get worse. Meanwhile inflation rises along with unemployment, whilst benefits and services are cut. Yet banks and other corporations hand out big fat bonuses and salary increases, and there’s plenty of spare cash for another war or two. So plenty of money and wealth around, its just not shared out equally. Those who hold it control power, and they won’t be giving it away, unless we take it. But what if there was no money, or we created a new world outside the capitalist system?

In a rare radical moment, last Saturday’s Guardian newspaper (run on capitalist lines of course), on the morning of the great protests in London, printed the following article by John Holloway. The author of ‘Crack Capitalism’ and a host of other books worth checking out, lobbed a serious challenge into the cuts debate:

Cracks in the rule of money

How do we escape a system that’s tearing up the world? We say ‘no’, and do things differently.

These are days of rage. Rage in the Arab world, of course, but also on the streets of Athens, Dublin, Rome, Paris, Madrid, and now a loud clamourous rage on the streets of London.

An age of crisis is an age of frustrated hopes, frustrated life. We want to go to university but it is too expensive. We need good healthcare, but we cannot pay for it. We need homes, and we can see homes standing empty, but they are not for us. Or, for the millions of people who are starving: we want to eat, we can see that there is plenty of food for everyone, but something stands between us and the food – money, or the lack of it. Continue reading The root cause of our problems. Money.