But as Riane Eisler shows in her book, Real Wealth of Nations""we inherit our economic systems""and we perpetuate them simply because they appear to "be the way its always been"-. But it isn't true""we made up this current mess""we now have a choice to change it.
Here's a quote from that article:
So what would happen if the mega-banks engaging in these irresponsible practices actually went bankrupt? These banks are widely acknowledged to be at fault, but they expect to be bailed out by the Federal Reserve or the taxpayers because they are "too big to fail."- The argument is that if they were allowed to collapse, they would take the economy down with them. That is the fear, but it is not actually true. We do need a ready source of credit, so we need banks; but we don't need private banks. It is a little-known, well-concealed fact that banks do not lend their own money or even their depositors' money. They actually create the money they lend; and creating money is properly a public, not a private, function. The Constitution delegates the power to create money to Congress and only to Congress. In making loans, banks are merely extending credit; and the proper agency for extending "the full faith and credit of the United States"- is the United States itself.
There is more at stake here than just the equitable treatment of injured homeowners and investors in mortgage-backed securities. Banks and investment houses are now squeezing the last drops of blood from the U.S. government's credit rating, "borrowing"- money and unloading worthless paper on the government and the taxpayers. When the dust settles, it will be the banks, investment brokerages and hedge funds for wealthy investors that will be saved. The repossessed will become the dispossessed; and unless your pension fund has invested in politically well-connected hedge funds, you can probably kiss it goodbye, as teachers in Florida already have.
There it is in front of us""and we have a choice""we can keep complaining, we can become the dispossesed while the weathy are protected once again or we can come together as a coalition for change that would result in a world focused on building a "Real Wealth Economy"- that enables the most important work of all""caring for humans and the planet. Changing our banking/economic system is, as Brown's blog article says, a "creature of law"-"-.and laws can be changed. Let's get to it"-..