SENVI

Social Economics New Visions Incubator

Banks are not evil, people are

Posted by Yissar Lior Israeli on September 7, 2011 at 4:20 AM

There is a long ongoing discussion about the financial systems which gained even more momentum following the recent financial crisis (AKA credit crunch).

Many voices are being heard, almost all throwing terms and slogans arguing their perspective to be the ultimate one, fast to show the errors of other perspectives.

Socialism, Capitalism (neo-liberal or other), free market, taxes, risk, leveraging, hedging are just a tip of the iceberg.

Many of the arguments are directed at the system (x or y), the Banks, the government, the corporate, even certain technologies are to be blame.

I observe all these arguments with sheer amazement.

Really?

Since the beginning of humanity it was all about the human nature and never the tools.

Once human created a club to hunt a mammoth, the same club was used to hit a neighbour or a potential mate.

In my view not much has changed since then.

We have much more complex and effective tools which allows for much greater effect (positive or negative).

Capitalism and socialism are not bad ideologies, nor the Banks evil,

it is human nature that drives people to be irresponsible, take un-necessary risks, value money above well being and in general behaving in a manner that is beyond and ethical standard of being.

As long as people will not take responsibility and will not hold themselves to a higher code of conduct, problems and crises will follow.

 

Categories: Sociology, Psychology, Politics, Religion

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2 Comments

Reply Victor Jasin
11:26 PM on September 7, 2011 
I agree with the assessment. I on the other hand see initiative for change on a smaller clustered approach. A true grassroots movement that in my opinion will take the balance of this decade to fully evolve. Such things as zero interest, Transfinancial Economics, Resource-based economics, and simply Money-less society are emerging.

Such social change initiatives are well below the mainstream radar but exist and are gaining momentum. The www.ic.org will give you some insight into current intentional community projects where social restructuring is intended. The morality will evolve over time and may take a generation or two to shift from objectivistic to "for the good of all" attitudes and dominant social philosophy.

The transition that needs to happen first is to replace ownership with access and make capital a collective asset shared by all stakeholders. When profit is removed there is a whole new dynamic that comes into focus, "need". That is my view of where we are heading.
Reply Jason
8:36 AM on September 9, 2011 
Have you ever read or heard of prof. Phil Zimbardo? check out his Ted.com talk what makes heros, villians. I have followed him since I was in grade 11.
He places large blame on situations, not people. If I have a cold hungry family you place a million trading tokens in front of me, with one instruction not to take it, no consequence if I do except the morale obligation to the owner of the trading tokens, well I have a greater motive to oblige my immediate relations. Why creat the situation at all, I say?
if in a row of ten people all sharing work passing a package from houses' A-J each neighbor has a small effort acorded to them(some of us are police others bankers which im not saying are useless), unless some of the houses elect to opt out of labor(or overvalueing labor) cuaseing the other houses to have to work more spend less time with thier families. Bad equation, indeed for all!
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