Is There A Solution To Our Economic Problems?

“We do not need to have a picture of what a true world would be like in order to feel that there is something radically wrong with the world that exists.” ― John Holloway, Change the World Without Taking Power: The Meaning of Revolution Today

Photo by Hannes Richter on Unsplash

Albert Einstein is often quoted as saying, “If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.” There is much wisdom in clarifying a problem before starting to work on the solution so let’s at least start by looking at the problems of our current economic system before we look to change it.

• We live in a time of record economic inequality and instability due to our adherence to a debt-based, industrial finance model. This model has been bolstered by the Supreme Court’s Citizens United decision, which gives corporations the same rights as human beings. This has dramatically drawn political power from the true citizenry of the people and given it to financial institutions.
• Our current economic model is based on the principle of rewarding avarice, separation, violence, and dishonesty instead of the virtues of cooperation, community, harmony, and trust that we truly seek.
• The continued application of trickle down economics has served to enable a small minority of the population to…