The end of capital?

Once there was a man - the world's greatest leader of men in fact - who chased the moneylenders out of a Jerusalem temple. This man knew something that we all know but have chosen to ignore.

There is no real (as opposed to superficial) human benefit to be gained from the spending of unearned money, nor in the acquistion of it, nor in the lending of it.

If I labour in the fields or the factories or the shops or the offices, or anyplace ese that benefits my fellow man in return for the cost of my family's daily subsistence plus a a little more (to add an enjoyment factor), then everything is right. I have given and I have received. Money is my good servant.

But if I beg, borrow, steal or even if I inherit such funds everything is not right, for unearned, undeserved money has become my  misery-making master even when its source is a secret known only to myself. 

This morning the Guardian http://www.guardian.co.uk/business/2011/jul/17/eurozone-citizens-split-debt-crisis reveals that the USA's indebtedness has reached fourteen and a half thousand billion dollars and that its whole economy teeters on the brink. Of what? And the Guardian notes that the USA is not alone. Greece, Ireland, Belgium, Italy  and Portugal are in the same boat. Spain, France, the UK, Netherlands are all headed that way.

Even now there are plenty of politicians who continue to advise that the way out is to borrow more money. Which seems to me a bit like a doctor advising a heroin addict to cure himself by increasing his dosages. Trouble is, that kind of political or mediacal advice will indeed work in that the patient will undoubtedly die. End of problem.

When will somebody chase the moneylenders out of our temple? Exorcise the cancer?

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