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OpEdNews Op Eds    H4'ed 7/5/15

Ah, Sweet Enlightened Reason

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Message Derryl Hermanutz
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The Corporate System chews up wealth as its private profits, and spits out human and environmental degradation as socialized losses. Political government, if it serves interests other than the corporate, tries to defend "society" against being saddled with all the real economic and environmental costs of producing corporate money profits.

Corporate governance almost exclusively serves the interests of "money"; with almost zero regard for any non-monetary consequences of its actions. Human and environmental interests are wantonly sacrificed in servitude to the banksters' iron law of money arithmetic: profit or die.

Money collected in sales minus money paid out as costs = the company's money profits. Corporate managers' job is to minimize money costs and maximize money collected as sales proceeds to maximize money profits.

A business that does not at least recover the money it paid out as its costs cannot pay any income to its owner/operator as business profits. Everybody needs money to buy our necessities of life. Banksters exercise a near absolute monopoly on the creation of "the money". Business must mold its behavior to the numerical commandments of banker arithmetic. If banker arithmetic demands that human needs and wants be artificially inflated by pervasive advertising and mass media "entertainment", then "the market" leaps into action to obey that command.

The resources of the Earth and laboring humanity must be purchased as the money "costs" of the corporation. The money price paid to governments for resource concessions, and the money salaries and wages paid to humans (except fees and interest paid to bankers, salaries and bonuses paid to corporate managers, and dividends paid to shareholders: who comprise a "preferred class" of humans), must be reduced to the minimum possible. All to maximize corporate money earnings and money profits.

Humanity and the Earth must by squeezed blindly and mercilessly to extract the last drop of money out of us, to maximize the outcome of the corporate money equation. Otherwise the corporation dies, by the iron law of banker arithmetic.

So where does the money come from in the first place? Commercial banks "create" the money on their balance sheet, as linked pairs of positive and negative $numbers. The positive numbers are the "money" the bank creates and lends; the negative numbers are the "debt" the bank charges against the borrower. Corporate industry ravages the Earth and oppresses humanity in blind pursuit of something that bankers simply create out of nothing: "money".

And we call greyhounds stupid, for chasing the mechanical rabbit around the track.

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I spent my working life as an independent small business owner/operator. My academic background is in philosophy and political economy. I began studying monetary systems and monetary history after the 1982 banking crash that was precipitated by (more...)
 

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