There is more money in the world than at any other point in human history, so why doesn’t it reach the places that need it most?, asks Fran Boait, Positive Money’s Executive Director in the article published in Open Democracy, 14th April 2015
Here’s a short extract:
Seven years after the global financial crisis that shook the world, youth unemployment in Spain and Greece stands at over 50 per cent. Globally, household debt stands at $40 trillion and rising, while one in six people in the US are struggling to get enough to eat.
Politicians are quick to reassure us that we are on the road to recovery—that we are ‘walking tall again.’ But for millions of ordinary people this doesn’t feel like a healthy economy in recovery, and of course it is not.
There’s no shortage of jobs that need to be done: we need to transition towards renewable energy sources and green infrastructure, and build new sustainable homes. We must adapt to climate change by protecting our communities against extreme weather and flooding. Dealing with these problems alone would create millions of jobs worldwide.
We have jobs to do and people to do them. So what’s the problem?
The problem is money. Apparently there isn’t enough of it.
Read the whole article here.
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I’ve signed this petition to prevent banks from creating money. I think you’ll find it interesting – have a look and consider to sign the petition too!http://bsd.wpengine.com/petition