Money and morality

Money must be guided by morality. – A powerful essay courtesy of Resurgence Magazine

(Because the essay, by Satish Kumar, is so well-worth reading, let me postpone my background chit-chat until later!)

Here it is.

If we take care of people and Nature, then the economy will take care of itself.

Money was a clever and convenient invention; it was designed as a means of exchange and a measure of wealth. But somehow that has changed; what was once solely a means to an end has become the end itself, and what was a measure of wealth has become wealth itself.

Take for example agriculture, the purpose of which was to produce nutritious food whilst ensuring that the land remained in good heart for all future generations and for the good health of biotic communities. Agriculture was a way of life that gave farmers their dignity, and in turn they cultivated the crops with tender loving care and considered their work intrinsically good.

Then came money, which changed everything: agriculture turned into agribusiness and the paramount purpose of it became the making of money. Food became a commodity and yet another means of making large profits. As a result British farmers – even those with 2,000 acres of land – cannot make a living, and farm labourers are paid £10 an hour whilst bankers are paid £1,000 an hour.

The example of agriculture turned to agribusiness is only one illustration of how our society has lost sight of right and wrong. We can cut down the rainforest to make money, we can pollute the rivers and over-fish the oceans for profit, we can destroy the local economy in search of cheaper goods, no matter how much CO2 is omitted in the process. The bottom line always comes first. We can hire and fire people at will for the sake of boosting the economy; people have become little more than the instruments of making money. GM crops, nuclear energy, cloning and animal experimentation – nothing is forbidden, just as long as it adds to GDP and increases the share value of corporations and companies.

Ethics, morals and human dignity are all secondary and subservient to the profit margin. Bankrupt bankers have to be bailed out even though we can all see that they and other business leaders are utterly incapable of solving the economic crisis. Politicians and policymakers have to obey their desires. No wonder then that our governments are completely incapable of creating conditions for the stability and wellbeing of people – because all social, political, educational and communal values exist solely to serve economic growth, which simply means growth in money supply, in GDP and in consumption.

As long as we are wedded to this financial paradigm and its money model, the strong will exploit the weak, and our social and environmental fabric (and morals) will continue to fall apart.

The current economic crisis gives us an opportunity to look deeper and examine the consequences of confusing the means with the ends. Money has a place, of course, but we must keep it in its place and not allow it to dominate our lives in such a manner that we lose all our bearings and become its slaves. Money was made to serve people, not the other way around. Unfortunately, we have allowed money to become the master and override all other moral, ethical and ecological values. There is more to life than an endless pursuit of money and profit.

Money is not wealth; real wealth is land, forest, rivers, animals and people. Wealth is created by the imagination, creativity and skill. Bankers and business leaders in search of ever-increasing profit are not the wealth creators; at best they are wealth counters and at worst wealth destroyers. So let’s honour the true wealth creators: skilled workers, architects and artists, craftsmen and women, teachers and doctors, builders and farmers; the economy is safe in their hands. Let us respect the generous Earth and wild Nature, the eternal source of wellbeing and prosperity. If we take care of people and Nature, then the economy will take care of itself.

Some people might say that this is too idealistic; but what have the realists done? They have made a complete mess of the world economy. Normally, we need idealism and realism in equal measure, but for the time being a little extra idealism will be helpful. We have had far too much realism.

Money must be guided by morality. And we are delighted to present this ideal in this issue of Resurgence, the first of a brand-new year.

Satish Kumar is Editor-in-Chief at Resurgence magazine.

with written permission from Resurgence magazine – at the heart of earth, art and spirit
published by The Resurgence Trust, Ford House, Hartland, Bideford, Devon EX39 6EE

oooOOOooo

OK, back to me!

I hope you enjoyed the essay, it certainly jumped off the page, as it were, for me hence my email to Emma Cocker, Picture Researcher & Assistant Editor at Resurgence Magazine which resulted in a very prompt approval for re-publishing on Learning from Dogs.

Satish Kumar

Satish Kumar is an extraordinary person as a dip into his biographical details here will underline.  Please do read about Satish; you will be amazed by his background!  It includes this fact,

During this time, he has been the guiding spirit behind a number of now internationally-respected ecological and educational ventures including Schumacher College in South Devon where he is still a Visiting Fellow.

Schumacher College was well-know to me, 2006 and before, as I lived in the small village of Harberton, just outside Totnes in South Devon, England and Schumacher College at Dartington was less than 5 miles away.  The College description includes,

People from all over the world, of all ages and backgrounds, have been informed, inspired and encouraged to act, by our 20 years of transformative courses for sustainable living.

Then later, this,

It is precisely at this time of global upheaval that we want you to come to the College to share with us the ways in which you are moved to live and act differently.

No wonder that Bill McKibben of 350.org fame and often quoted on this Blog is quoted on the Schumacher website,

Schumacher is a very special place. As we try and figure out what on earth we’re going to do with this unraveling planet, it’s become a thinktank for hope, a battery for positive vision!

Bill McKibben, founder of 350.org

Finally, there are a number of videos presented by Satish that I propose to include in subsequent Posts on Learning from Dogs.

11 thoughts on “Money and morality

  1. Bankers and other financiers are not just incapable of solving the economic crisis. They have no interest to. They are the economic crisis. The crisis is their forte. They used it, as mission directors can use a big planet’s powerful gravitational field to give more energy to a space probe.
    Similarly, the financial crisis made bankers stronger. They doubled their money: having lost all they had before, they asked their servants in government to replenish it all, with the People’s coffers.

    It may be good to remember that, etymologically, “moral” comes from “morales”, the long grained, time honored, secular (in the sense of “ages”, 120 years…) ways of doing things. So morality is all about SUSTAINABILITY. Moral means “sustainable”, on the grandest time scale.

    “Profits next week” is the exact opposite of a future, it’s the street to the wall: Wall Street.
    http://patriceayme.wordpress.com

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    1. Patrice, powerful words from you, as always, and thank you for commenting. Can’t recall if I have mentioned this previously but about 70% of the way through Naomi Klein’s book The Shock Doctrine, see http://www.naomiklein.org/main It’s more than shocking but shows, as you wrote, how the use of crises was part of a strategy. P.

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      1. Thanks for compliments and reference, Paul. NK sounds good. I view the Dark Side as all too natural, all too human. In a civilization, the Dark Side feeds the plutocratic ideology. That’s why plutocracy is always the same story.

        I have to find the time, but right now mine is devoured by “Weak Experiments In Quantum Physics”, which I view as the physics breakthrough (if confirmed) of the, well, greatest sort since the Quantum rose…
        PA

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    1. Whoops! Typo on my iPhone! I love this blogpost and this blog. I agree with what you are saying in the post- money is the root of a lot of things happening today. Also much can be learnt from your dog- I know I learn love and life from mine! Can’t wait to read more!

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  2. Those words are so correct about Money is Not wealth.. I was reminded of a Native Americina Indian Quote

    “When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money.” -Cree Prophecy

    Blessings ~Sue

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    1. Oh that is such a great quote. Have heard it before but then temporarily forgotten it (isn’t ageing great!) but it is so powerfully pertinent that it needs to be kept in the front of our minds all the time. P.

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  3. right, can’t eat money. However, Don’t worry: plutocrats know who to eat next. Hint: look at the Aztecs… (They are not called rulers of Pluto for no good reason…)

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