Speculation, Winners, Losers and Odious Debts: Finance Against Economy, 9
So let’s call things with their name.
Economy, by its definition which implicitly includes the ethics of the greatest good for all, boils down to production and exchange, that is, barter; means of credit, payment and exchange boil down to split barter. And that’s all, plain and simple.
Finance is at the service of the economy, not the other way around. The supremacy of finance over economy is intrinsically, in and by itself, suppressive and that’s all, period.
Finance has a right to exist as long as, and to the degree that, it serves economy ethically, and it does so by implementing the logistics of money as the blood carrying oxygen into the body where and when needed, where and when honestly deserved.
We have learned, conclusively by now, that the requisite to curb finance within its ethical function and right to exist – and to prevent such suppressive plagues as odious debt and survive at all, for that matter – is that ethics must be in force at its most fundamental level: monetary sovereignty to its legitimate owner, the producing individual citzen, and fair exchanges, period.