Aberrations of an interest-based economy
Written by J. Probst
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.