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CHAPTER THREE WHO WOULD PROFIT FROM A NEW MONETARY SYSTEM? INDIVIDUAL AND SOCIAL CHANGE seems to happen for three basically different reasons: (1) because a breakdown due to a particular pattern of behaviour has occurred, i.e., in order to avoid another occurrence; (2) because a breakdown due to a particular pattern of behaviour may occur, i.e., in order to avoid the break-down; (3) because another pattern of behaviour seems more adequate in order to achieve the desired result. The change in the monetary system proposed in the last chapter may happen for any one, any combination, or all of the above reasons: (1) In the past, the cancerous accumulation of wealth has been dissolved regularly by social revolutions, wars and economic collapse. The unprecedented economic interdependency of all nations today and the multi-fold potential for global destruction renders this kind of conflict resolution mechanism unacceptable. We are forced to search for new solutions to avoid another war, social revolution or economic collapse. (2) According to many specialists in the field of economics and banking the 1987 stock market crash in which $1.5 trillion vanished within a few days was only a small ripple compared to the imminent danger of a worldwide second Great Depression, which is likely to happen if we don't introduce fundamental change within the next few years. (18) Changing the monetary system now offers one possibility for avoiding the enormous human and material costs of such a disaster. (3) Whether or not we can see that every exponential growth curve eventually leads to its own destruction, the advantages of the change to a new monetary system are so evident in terms of social and environmental equity that this path should be chosen simply because it is a better one than what we have at present. However, the main problem in any transformation process is not so much that we want to stay where we are or that we don't see the advantages of where we want to be. It is more: How do we get from here to there, from this trapeze to the one over there, without endangering our lives? In order to make it easier to see how this transformation could assist in reaching the goals of many very different social groups, let us take a closer look first at the flaws in the monetary system and then at the advantages of a new monetary system for the rich and the poor, governments and individuals, minorities and the majority, industrialists and environmentalists, materially oriented people and spiritually oriented people. The interesting fact which emerges is that, at this particular point in time, in this crisis situation which we have created for ourselves, everybody would be better off with a new monetary system. We all are in a win-win situation if we implement the necessary change. But we need to do it soon. 20

Margit Kennedy (!) - Interest and Inflation Free Money  

Copyright 1995 by Margrit Kennedy) (Published by Seva International; ISBN 0-9643025-0-0; 1 2 LIST OF FIGURES:..................................

Margit Kennedy (!) - Interest and Inflation Free Money  

Copyright 1995 by Margrit Kennedy) (Published by Seva International; ISBN 0-9643025-0-0; 1 2 LIST OF FIGURES:..................................

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