Too Much Money Is a Bad Thing?

Topics: Working class, Social class, Middle class Pages: 2 (796 words) Published: March 12, 2013
Money is the economic fuel upon which our world runs, but human nature inevitably exploits it for personal gain at the expense of others. Without a standardized monetary system, society today as we know it could not exist. A catch-22 of any social or financial system is that inevitably a handful of individuals will gain too much control. Conversely, a system in which the individual is not free to gain wealth/control as he pleases also leads to the same end result. In our 21st century North American society, the power balance is such that the money lenders have dominated the power market. The gap between the rich and poor is growing, and fast. The richest members of society have become so powerful that they can simply buy the legislations they want, in most cases. Capitalism is sold to the public as the system in which you are free to achieve your own goals, on your own terms, but because capitalism requires a central bank to print the currency, a nucleus of control is created. The power/money distributors then use their influence to rig the game in their favor. Eventually, massive cartels form, such as the Houses of Rothschild, Rockefeller, and Morgan.

One of the most obvious sign of this escalating disparity is the lowering of non-upper-class standards of living. In the United States, the top 20% of income earners control 93% of the wealth (2010). The next 20% of income earners, the middle class controls just 6%, with the remaining 60% of income earners, the lower class, controlling just 1%. What happens when the economy takes another turn for the worse, and the upper class moves to protect its investments with layoffs, or send manufacturing jobs overseas? People are willing to work for less pay because there is less work, and the lower classes are forced to acquiesce to the upper classes' economic strategies. Economists are predicting an eventual "phasing out" of the middle class, creating a modern feudal system in which the majority of the populace is...
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