“The Excise, Parliament, the National Debt and the Bank of England nevertheless formed a kind of institutional “square of power” which was superior to any alternative arrangement -notably the French system of privatized tax collection based on sales of office and tax “farming,” minimal representation in the form of the parlements, a fragmented and expensive system of borrowing and no central monetary authority.”
What is money? And how successful is it in solving society’s ills and meeting its needs?
Currency expert Bernard Lietaer states that the fundamental problem with our present-day monetary system is that it is not sufficiently diverse. It dams and bottlenecks our creative energies, and keeps us trapped in a world of scarcity and suffering. But we actually have the capacity to create a very different reality by enabling our energies to move more freely where they are most needed, including towards cleaning up our environment, building adequate housing and providing good quality healthcare, etc.
Prof. Lietaer will show that we need an upgrade of our monetary systems as a systemic solution to our global economic, financial and sustainability crisis. He will show that we need the circulation of different types of currencies for different types of purposes.
The theme of this issue of Reflections – “the feminine approach to leadership” – will be addressed in this paper through the question: what would be different in a society in which the feminine was really honored? Honoring the feminine encompasses not only equal rights to women, but also runs a lot broader and deeper. Indeed, it translates into an entirely different worldview, one where an equal balance is achieved between the masculine and the feminine.
The “Law of the Sustainability of Living Systems”, developed with other experts, explains and specifies the principles of sustainability: It says that living systems are only sustainable if they achieve a balance between productivity and elasticity. Balance, therefore, between short-term benefits of long-term existence. Just like that of Yin and Yang – not an “either – or”. We violate this law criminally. We have driven most living systems out of balance, making them non-sustainable.. Mono-cultures of all kinds, for example, emphasize short-term benefits and are not even sustainable in the short term without massive additional costs, as Lietaer shows with the example of forests and today’s monetary system. The book calls on readers to ensure that this law of sustainability is recognized and complied with. Both as individuals and as leaders in business and politics, readers are challenged to balance the short-sighted overvaluation of rapid return with the preservation of resilience.
A Deep Dive into Money and Banking After the banking crisis of 2008-09, even former Fed Chairs were admitting they had gotten it wrong. Economic policies are not working because the underlying theories are wrong. This workshop will take a deep dive into what is really going on with our money and banking system, how… Read More
Humanity, like all other species of Earth before and with us, is evolving — and evolution, for humans as for all species, is neither predictably linear nor solely Darwinian. Earth’s nearly four billion years of evolutionary experience reveals reliable patterns that give us hope, inspiration and valuable guidance for getting ourselves through the unprecedented confluence of enormous crises in which we humans quite suddenly find ourselves. Here we see the evolutionary Big Picture, including the amazingly complex lives of our remotest bacterial ancestors, who had Earth to themselves for fully half of evolution, and much of whose experience we seem to be mirroring now. They engaged in hostilities, generated global crises of hunger and pollution as great as ours today, and solved them without benefit of brain! Along the way they invented electric motors, atomic piles and the first World Wide Web of DNA exchange; then, in the greatest of all evolutionary ventures, formed cooperatives that became nucleated cells. These cooperatives were the basis for the evolution of our own hundred-trillion-celled human bodies, which role model amazingly sustainable economies. Learning from newly revealed problems and solutions in biological evolution, we too are finding out how to survive and even thrive into a better future despite — perhaps because of — our greatest challenges. That would indeed be cause for celebration.
There is a hidden war of value codes in the world today. On the one hand, there is the life code of value: Life → Means of Life → More Life (L → M of L→ L1). On the other hand, there is the money code of value: in its classical form, Money → Commodity → More Money ($ → C → $1). In its carcinogenic form, this sequence becomes: Money → More Money → More Money ($ → $1→ $2 → – $n). The latter money sequence of value is decoupled from any commitment to life function and is driven by the lending and investment cycles of banks. This paper demonstrates the carcinogenic properties of this sequence at the social level of life-organization.
The second part of the paper proposes a remedy. The first step consists in making the government-conferred privileges of banks – creating money by credit and lending others’ money stocks at compound interest – accountable to society’s life requirements. The second step consists in returning central banks to their constitutional mandate of lending to governments rather than alienating this function to private banks. The article concludes by arguing that the great obstacle to Canada’s and other countries’ economic well-being is the abdication by governments of their sovereign powers over society’s money supply, and the long cultivation of public ignorance on this ultimate issue of public policy and value decision.
Department of Philosophy
University of Guelph
Bank of Montreal Distinguished Visitor Lecture, Trent University, March 13, 1997. Read More
A standard critical view of the relationship between capitalism and religion is that religion is an ideological cover story for capitalism. Capitalism, it is contended, structures the real world. Religion conceals and sanctifies it in justifying illusions. Marx most famously pressed this view with an enlightenment epigram derived from Voltaire: “Religion is the opiate of the people.” He sought, in contrast, to scientifically lay bare the “real relations of society” underneath.
This paper will explore a deeper possibility – that the classical and neo-classical market doctrine is itself a religion, and that its “invisible hand” prescriptions regulate society’s economic relations themselves. Beneath the notice of the social sciences, I will argue, market theory and practice together depend on a core structure of presuppositions of a necessary and benevolent design which constitutes an unacknowledged religious metaphysic.
The following article was part of a Science for Peace Forum and Teach-In, about How Should Canada Respond to Terrorism and War on Sunday December 9, 2001. A speech was made there by Professor of Philosophy, John McMurtry. It looks at a wider and deeper issue of totalitarianism that is creeping in, or, as McMurtry suggests, continuing in more earnest.
Philosophical reflections by John McMurtry and Martha Nussbaum are presented in this article qua projections of the capabilities approach to life that has been developing in the humanities and social sciences over the past twenty-five years. In particular, it is shown how both McMurtry and Nussbaum reveal that human life is under attack not solely because of the eco-biological collapse denounced by the world’s scientific community at its highest levels, but also in many of those socially evolved civil commons that contribute to the flourishing of life’s capabilities and, in essence, make life worth living. What is more, a common causal root is found behind this ongoing two-pronged assault upon life capabilities, that is to say, the defining search for ever-increasing profits of the global free-market economy.