Healthy Money Healthy Planet - library.uniteddiversity.coop

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Unhealthy Globalisation
The Siren who hides her true nature behind a false cloak of democracy and market
freedom has laid claim to our soul and is feeding on our flesh. Her name is capitalism.
– David Korten 1
If anything is to be done about a global financial system that causes the poverty
amidst plenty we have described in previous chapters, it must first be
understood. Why do globalisers want to break national integrity and make a
single world economy? Why does Third World debt keep increasing?
There are vast libraries dealing with the topic of globalisation and the growth of
debt of developing countries, yet few address these issues from the perspective
of how money is created. The early goldsmiths would indeed be surprised to
see today’s globalised world. Never did they imagine that interest­bearing debt
would have enabled the centralisation of power to the degree where
corporations can influence governments to rewrite the rule of international
commerce in their favour and move towards a world with fewer and fewer
currencies.
Although this chapter may read like a criticism of corporate capitalism, its
actual purpose is to remind the reader that it is the money system, not the
corporations themselves, that is the driving force behind the push towards
greater centralisation of power.
We have already seen that this money system ensures that if economies don’t