Aberrations of an interest-based economy

Writ­ten by J. Probst

Preli­mi­na­ry note

The­re are many aberra­ti­ons. We only have to turn on the TV and are alre­ady besie­ged with them. Why should the­re exist any con­nec­tion bet­ween many of the known aberra­ti­ons and the fact that money is nor­mal­ly lent out against inte­rest?

It appears alre­ady at a first com­pa­ri­son that the finan­ci­al and inte­rest-cau­sed fac­tors „outrun“ the rema­in­der of the eco­no­my, that they posess see­min­gly a dyna­mics on their own which is not or only very limi­ted­ly bound on outer pro­por­ti­ons. The finan­ci­al sec­tor dis­con­nects its­elf always fur­t­her and final­ly takes off. But on an a bit clo­ser look it also shows that this pro­cess has inde­ed effects into the other direc­tion. The explo­ding mone­ta­ry capi­tals, debts and bur­dens of inte­rest do not pass the remai­ning socie­ty without a trace, but lea­ve traces behind, which nor­mal­ly – one is incli­ned to say: near­ly always – are unde­re­sti­ma­ted. A small, at first glance incon­spi­cuous, con­struc­tion error of our mone­ta­ry sys­tem is respon­si­ble for this self-dyna­mics, and the errors con­se­quen­ces merely beco­me obvious litt­le by litt­le.

The sen­se of this report con­sists in the endea­vour to unmask this con­struc­tion error and to depict his most important effects. Last but not least approa­ches to sol­ve the issue shall be pre­sen­ted, which act bey­ond many con­cre­te pro­blems, and which could be car­ri­ed out rela­tively easy.

This may seem very bold wit­hin the limits of this small book­let, but one must pay atten­ti­on to the fact, that this is sole­ly some­thing like a mat­ter of a sum­ma­ry which can not replace lite­ra­tu­re. Most of the thoughts sta­ted here were taken from various sources, com­pi­led and shor­ten­ed to the essence. Here­with I want to give the reader a suc­cinct syn­op­sis and, simul­ta­neous­ly, to initia­te fur­t­her absorp­ti­on. Natu­ral­ly, a claim on com­ple­teness is exclu­ded; also the many quo­ta­ti­ons shall not arou­se the impres­si­on that the respec­tive aut­hors sha­re the same opi­ni­on in all points, sin­ce many aspects can be trea­ted inde­ed con­tro­ver­si­al.

So let us regard this book­let as a litt­le „jour­ney“ through an important, albeit faded out, topic, which unfor­tu­n­a­te­ly beco­mes more urgent day by day.

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