Dr N. Gupta: The Birth, Life and Death of Money

Chigwell parent Dr N. Gupta tore himself from his dentist’s chair and gave us a passionate exposition of how he saw the global economy. He began with the origins of money, as a more convenient system than simple barter, but quickly moved into, as he saw it, the bizarreness of the current system, where growth, inflation and loss of value are built into the system: to make enough money for the payment of interest, more money has to be lent, at interest, ad infinitum, which leads to the continuous devaluation of money. Those at the top of the pyramid, the bankers who make and lend the money, gain value, at the expense of the ones at the bottom, those who borrow and save. Very interesting and thought-provoking.

Subsequent discussion dwelt on the necessity of economic growth itself.

Make a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: