by Guise

Created on: January 08, 2009   Last Updated: March 02, 2009

When contemplating what plagues the world, two issues immedietly come to mind: The persistent decrease of human empathy, leading to apathetic populations...and the constricting forces of globalization on free market micro-economics. Consistent throughout human evolution, these two problems have been influential factors in aggravating earthly turmoil. Both anomalies adversely affect the civility of each established society on earth. Consequently then, there have been hoards of failing civil institutions, after which a formidable economic genocide is predicated upon the middle class worldwide.

The housing bubble and insolvent banks remind us that their atavistic financial wisdom has burnt out, puffing smoke in the shape of a mushroom cloud. This affects the every day consumer. Because of these collapses, every imaginable market, beginning with sub prime, had to be properly de-leveraged. This causes prices to fluctuate leading to the decreasing of USD value, and also increasing interest rates. All of this followed successfully, by the partial collapse of an already defective, and speculative real estate industry.

As if that weren't enough to spawn contempt in the heart of the public...the affects of bank closures were also threatening important means by which people control their personal budgets. Consequently, governments have chosen to nationalize some of these social financial institutions, together with others in the insurance, healthcare and automotive industries. Thereby relinquishing control of important micro-economic tools to larger corporations, whose intentions are profit orientated and not philanthropic.

To simply say that money lies at the root of global suffering, would be too much of a radical point to definitively stand by however. Nevertheless, the love of money is the cause of globalized greed, fueling materialism, and creating more divisions within society. The current "free market capitalists", control the markets with politically contrived "coincidences" that influence not only the quality of existing job opportunities, but also their "equal" and unbiased availability to a diverse public. So then, hoards of workers are disenfranchised without public oversight creating astronomical unemployment rates. The crux of the issue is this: the exclusive nature of higher economics. The secrets, like "Fractional Reserve Lending" for instance, are kept at bay for a few to know and prosper from. While the peasants fight over crumbs.

The details and underpinnings

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