As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.

Living capital, which has the special capacity to continuously regenerate itself, is ultimately the source of all real wealth. To destroy it for money, a simple number with no intrinsic value, is an act of collective insanity - which makes capitalism a mental, as well as physical pathology.

If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.

There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process.

There is no visible sign that the current politicians in the US are willing to see the need for change.

As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.

Our global economy is out of control and performing contrary to basic principles of market economics.