Globalisation and Public Welfare

with Respect to the Money- and Land Order.
This is the tit­le of a work by Hel­mut Creutz, a famous aut­hor of a alter­na­ti­ve thin­king about money.
Here is a pre­face of this paper:

„On the one hand it is hard­ly com­pre­hen­si­ble how finan­ci­al cur­r­ents around the glo­be are increa­sing so exces­si­ve­ly and on the other hand the­re are gro­wing com­p­laints about a lack of money. On the one hand pover­ty is sprea­ding in the world more and more, on the other hand a mino­ri­ty of peop­le are accu­mu­la­ting a wealth that can only be mea­su­red in terms of the eco­no­mic per­for­mance of dozens of smal­ler coun­tries. How do such con­tra­dic­tions ari­se? What are the rea­sons for such dys­func­tio­nal deve­lop­ments on inter­na­tio­nal and natio­nal levels? How come that the tur­no­ver at glo­bal stockex­ch­an­ges mean­while exceeds the tur­no­ver of real eco­no­my by a mul­ti­ple of times, so that glo­bal debts per­man­ent­ly grow, deepe­ning the dis­crepan­cy bet­ween North and South, bet­ween the rich and the poor. How is it pos­si­ble that three peop­le on earth have gathe­red a wealth that sur­pas­ses the eco­no­mic per­for­mance of 600 mil­li­on peop­le in 35 of the poo­rest coun­tries? And how does it come that wit­hin indi­vi­du­al coun­tries the­re is an alar­ming growth of eco­no­mic and soci­al pro­blems despi­te a ste­ady increa­se of the eco­no­mic per­for­mance and the esca­la­ti­on of mone­ta­ry assets. How does it come that thir­ty years ago towns and muni­ci­pa­li­ties were capa­ble of buil­ding schools, public swim­ming­pools, nur­s­e­ry­schools and libra­ries and today, they aren

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