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The Square Root of Capitalism: Difference between revisions
Interest vs tithe
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Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space? | Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space? | ||
In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). Questions I wish to propose in this regard are: | |||
1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures? | |||
2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money? | |||
Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion. | |||