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Occupy Money : Creating an Economy Where Everybody Wins

2012

We can reclaim it as the sacred thing it is meant to be —. a means to facilitate the flow of gifts among human beings, a way to bridge the gift of one with the need of another. [...] The key interest components that give rise to the structural defect in our current monetary system are the liquidity premium and the inflation adjustment, which are rewards for the saver who gives his money to the bank to use. [...] The growth of the “real” economy,14 depending as it does on the availability of natural resources, diverges from monetary growth at the point where the demands of the financial economy can no longer be fulfilled. [...] The following figures refer to research results from Germany, which have been confirmed by the research done for the Norwegian translation.17 Take garbage col- lection fees: the interest portion of the price in Germany was 12% already in the 1980s. [...] In Germany alone in 2007, the sum redistributed as interest from the large majority to this small minority was in excess of 600 million euros every day.20 The mon- etary system all over the world is thus one of the main factors responsible for the growing divide between rich and poor and the growing polarization of our society — not just nationally, but globally.
economics monetary policy interest money

Authors

Margrit Kennedy

Bibliography, etc. Note
Includes bibliographical references and index
Control Number Identifier
CaOOCEL
Dewey Decimal Classification Number
332.4
Dewey Decimal Edition Number
23
General Note
Translated from the German Issued as part of the desLibris books collection
ISBN
9781550925241 9780865717312
LCCN
HG221
LCCN Item number
K39 2012eb
Modifying agency
CaBNVSL
Original cataloging agency
CaOONL
Physical Description | Extent
1 electronic text (128 p.)
Publisher or Distributor Number
CaOOCEL
Rights
Access restricted to authorized users and institutions
System Control Number
(CaBNVSL)slc00230729 (OCoLC)812837147 (CaOOCEL)444003
System Details Note
Mode of access: World Wide Web
Transcribing agency
CaOONL

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