This chapter is talking about people and countries are willing to sacrifice of human and natural resources in order to generate money because they think money represent wealth. However, they did not recognize except money, there are something else can be made into wealth such as water. We need to increase our awareness of the injustice and corruption of current money system which has over-consumption and over-production. Not only money can improve our life quality but also growing food, making clothes, and educating children can make people wealth which most of the people ignore. Therefore, money is not the most important part of our life, and we should care more about the human and natural resources.
The money is a double side sword, which brings benefit to people and it also harms individuals in the other way. The edge of the sword depends on how people distribute and manage the money. The traditional economic system is using money as account for values and acts as a way of exchanging product and services. At first, the conventional system seems works. When we dig deeper into this system, we can found out in order to achieve the flow and position of money; people use greed way to achieve the values without concerns of society and environments. The system brings fortune to some people. In the same time, the majority of people are in debt or losing it because they control the way how the money flows and represents. The center of this system is debts and interests. The relationship between the lender and borrower seems to make the economy prosperous. Later on, the system seems lost its value since rich people are defining the economic life; and people started aware of the injustice of this system. In order to avoid corruption and injustice, people began to use fair trade and new economy system through complementary currency. Lastly, the most efficient way to solve the current economic system is that people need to know the capacity of money can do and what they can do to create social finance system towards the just economy.
I think the video Professor showed in the class demonstrated an effective way to improve people's life while maintain environmental sustainability.
ReplyDeleteIt is funny how people keep destructing their own planet without willing to sustain it. This happens because many people only focus on short term goal--they do not care about their future generation. Interestingly, if the earth's natural resources are all deterioted i.e no more clean water, people can't survive regardless how much money they have.
ReplyDeleteWe have been talking about money a lot recently, most of which is bad. But money is also good. That's how many of us got into USC. However, money does pose a problem when it blinds us from what really matters- our health and the health of the planet. Money got us into the mess we are, I believe it can also help us get out of it.
ReplyDeleteI think because of greed. I think people are too greedy and it makes them not care about anything but to earn money to do whatever they want.
ReplyDelete