Thursday, 8 April 2010

We Can End This Rotten System

Image by Getty Images via Daylife
An interesting article in the Telegraph about a gentleman who saw the state that the financial markets were getting into, persuaded Goldman Sachs to design a form of credit swap (CDS), and made a mint. His method was so interesting that Goldman Sachs started using the same system.

So getting away from all the financial cobblers we have someone tinkering with an artificial construct, creating a new variation of that construct and making pots of money.

So in theory I can't see why it's not possible to tinker with the system so that every man, woman and child on this planet gets to share in this 'wealth'. I mean, we could eradicate poverty virtually instantly.

But it won't happen and the reason is human greed. If nobody is a loser then nobody can be a winner. To be a winner means that there has to be losers. For our capitalist system to feed the cult of mammon it has to keep a large portion of humanity in bondage. Only then can men stand proud on their hills of money and declare "I am a winner!"

Am I looking at this too simply?

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