Charles Eisenstein Sacred Economics Summary
SUMMARY
Charles Eisenstein is the author of Sacred Economics: Money, Gift, and Society in the Age of Transition which talks about a new system considered as a resolution to the present global disaster that divulges the true reason why money and the economy are said to be sacred. The motive of the book is to express the sacred façade of money and human economy, as an endemic possession that involves distinctiveness and connectivity, distinct for their irreplaceable status, and connected, because they are inseparable from everything else, beginning with their antiquity and going up to all that contributed to their accumulation.
The author explains that greed originates from scarcity and he explains how the concept of scarcity is contrived, untrue, …show more content…
There is no boundary to the amount of times a dollar can change hands. The money is in existence, but it simply isn’t flowing fast enough. We need to support goods and services to change hands frequently enough so that every Tom, Dick, and Harry get what he/she needs.
In other words, our present positive interest system rewards stagnation and it rewards eliminating money from circulation while negative interest is one very effective way to encourage fluidity.
Although this form of economic incentive is possibly good for the poor, it will probably feel detrimental to the wealthy. Existing definitions of wealth emphasis on fiscal control. However, wealth may perhaps be redefined to include our social and environmental capital. This reframing will in turn force us to acknowledge that the only good is the common good. Many people might have a difficult time changing their mindset from a culture of extracting, hoarding and isolating themselves from the masses to one of creating, socializing and community building.
Sacred Economics asks individuals to look for their factual sources of happiness and well-being. Money aids the fulfillment of essential needs, but once accommodation and other basic needs are
Charles Eisenstein is the author of Sacred Economics: Money, Gift, and Society in the Age of Transition which talks about a new system considered as a resolution to the present global disaster that divulges the true reason why money and the economy are said to be sacred. The motive of the book is to express the sacred façade of money and human economy, as an endemic possession that involves distinctiveness and connectivity, distinct for their irreplaceable status, and connected, because they are inseparable from everything else, beginning with their antiquity and going up to all that contributed to their accumulation.
The author explains that greed originates from scarcity and he explains how the concept of scarcity is contrived, untrue, …show more content…
There is no boundary to the amount of times a dollar can change hands. The money is in existence, but it simply isn’t flowing fast enough. We need to support goods and services to change hands frequently enough so that every Tom, Dick, and Harry get what he/she needs.
In other words, our present positive interest system rewards stagnation and it rewards eliminating money from circulation while negative interest is one very effective way to encourage fluidity.
Although this form of economic incentive is possibly good for the poor, it will probably feel detrimental to the wealthy. Existing definitions of wealth emphasis on fiscal control. However, wealth may perhaps be redefined to include our social and environmental capital. This reframing will in turn force us to acknowledge that the only good is the common good. Many people might have a difficult time changing their mindset from a culture of extracting, hoarding and isolating themselves from the masses to one of creating, socializing and community building.
Sacred Economics asks individuals to look for their factual sources of happiness and well-being. Money aids the fulfillment of essential needs, but once accommodation and other basic needs are