During the 2010 election campaign I heard the Sun columnist Kelvin Mackenzie talking about economics.
“Economics is very complicated,” he said. “You have to be a genius to understand economics.”
This is not true. Economics is easy to understand. Wealth comes from human beings. It’s as simple as that. It comes from human beings engaging with nature in an intelligent and productive way in order to make all of the things we want and need. It is work that makes wealth. This is so obvious an observation that it hardly needs commenting upon. All of the classical economists understood it: Adam Smith and John Stuart Mill, as well as Karl Marx.
The reason that modern economics has become so complex is that it has attempted to obscure this simple fact behind a fog of distraction in order to hide the processes by which a very few people have become more and more obscenely wealthy, while the rest of us are being squeezed to the point of desperation.
Indeed, while we do the work someone takes the wealth.
Economics is simple, as explained here by a ten-year-old. http://www.positivemoney.org/
10 year old Holly explains where money really comes from, why is there so much debt and what it means for you…
Have you ever tried to do a jigsaw puzzle but one of the pieces was missing? Well, the financial crisis and all the trouble since then is a bit like that.Now, it suits Bankers and politicians to complicate the matter, to confuse us , and muddy the waters so that it is possible to achieve their own ends.
Reblogged this on wrjonesblog.
Money as Debt
Thank you 🙂 In fact this clip is buried in the Think Left archives but its always good for a re-play.
True, many people don’t know yet. It’s important to persist in this kind of info.
Reblogged this on kickingthecat.
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