Western Economic Education & Poverty in Third World by N. Natarajan - HTML preview

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Chapter 13

1. MONETARY SYSTEM

Exit of wealth!

In modern societies, the place from where the “wealth of a nation, starts  its one way journey.

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The role played by a financial system can best explained comparing the beehive in the forests.

Each and every one of the honeybee collect a minute quantity of honey every time from flowers from near and far. Then it stores in the beehive.

Several hundreds of honeybees labour for several months collecting honey from several thousands of flowers meeting its food needs during rainy days.

The money in the financial system is by and large, represents the Production of goods and services of the entire society. It belongs to every citizen.

The honey-farmers, use smoke, to chase away the bees protecting them and take away the entire honey stored in the beehive, in one go. Then keep the empty beehive, for the bees to fill-in.

Our political leaders play the role played honey- farmers, in depriving the wealth to those who produced. Instead, it is channeled to select Corporate houses that never returns to the financial system, a decent return on investment.

Stealing, a Chain of events.

If any producer is deprived of his effort and used for themselves or given to others, we can safely called Stealing.

Exploitation of weak by stronger is  a chain of events. Farmers exploit the honeybee’s inability to know that there are the farmers who steal their labour.

Exploiting the ignorance of Farmers, leaders steal farmer’s labour.

The corporates steals the nation’s wealth to other economies.