In the past few weeks I've had a few interactions with people who "hate money", consider it "evil", think it "creates greed, poverty, hunger". They see the cronyism and banking/political corruption and blame this on money. There is indeed plenty of corruption in the world and many systems that are more destructive than beneficial. But money itself simply is not one.
"Lack of money is the root of all evil" - George Bernard Shaw
This is a subject that I find very interesting lately, and not for the reasons you think, but because I think it shows signs of having enormous potential for waking people up, it is the present Flat Earth movement. Whether the earth is flat or round is irrelevant for this article, whether the people investigating it are as educated or more so than our renowned scientists, NASA etc is also irrelevant. I will not discuss any of the flat earth theories here, that is not the purpose of this article, the point is to observe how people react when presented with new information. I'll leave a few introductory links at the bottom for anyone who is curious.
A number of Flat Earth You Tube videos approaching 500,000 views at time of writing.
If you missed it, here is Part 1 of this post from last week.
To follow on from last weeks post on Free Markets this week I wish to cover two things briefly: The myths about a Free Market, and how economically less free countries fare compared to freer countries.
The most overused myth about the Free Market is that it caused the financial collapse, but as I covered last week the financial markets are the most heavily regulated in the world, thus they ain't free. There was other reasons for the collapse, far from too much freedom, but networks of corruption and cronyism. A free market is when there is absolutely no regulation where two people, or companies can trade freely without government interference.
Venezuela where 36 Trojan condoms cost $755
For the past few years we have been told repeatedly by politicians and the media that the Free Market has caused the economic recession. Giving the markets, or banks to be more precise, too much freedom to do business resulting in them mismanaging money and going broke, so we're told. That they were bailed out by governments is another days discussion, the question today is: were the banks operating in a Free Market in the first place? Do We live in a Free Market?
A completely free market is a form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.