Sunday, 31 March 2013

Cyprus Bail Out

‘If your bank deposits could be confiscated’
Money held in Bank deposits is like the stuff we store in the garage, or in those big warehouses that specialise in storing stuff you don’t immmediately need. If the storage unit burnt down we could still survive. We accumulate stuff like we accumulate money…. in case we might need it later. Our attachment to property or money is a substitute for community, it allows us to feel we can manage alone. It is a denial of our interdependence. If the financial system breaks down, as seems inevitable according to Paul Craig Roberts :
we need to turn to each other. All the signs are that we are in the middle of a system breakdown. No good trying to hold on to it or patch it up. It never really served us anyway. Young Kim is right. We need to find true value in community, in sharing. It is not going to be easy to shift from a competetive economy to a collaborative one, but we really have no choice.The hard bit is recognising that there is a real alternative, and that actually is what we have always wanted but never believed possible. ‘A civilization in which socially and environmentally friendly free association between autonomous producers and citizens becomes the norm’ – Michel Bauwens p2p-foundation.

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