Difference between revisions of "The Square Root of Capitalism"

Jump to navigation Jump to search
Interest vs tithe
(Interest vs tithe)
Line 4: Line 4:


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.
15

edits

Navigation menu