The Tao of Finance: A Social Invention That Can Change the World

Humans’ perception of money often is like a fish’s perception of water. Fish see water as neutral, unchangeable, like a natural law. Similarly, many of us consider money a neutral element that enables our individual desires and societal goals. Money is seen to be like a thermometer: we insert it into water and it simply measures the temperature. But money is not neutral. If we want to understand the nature of water, we need first to step out of the it, then examine it. The same is true of the monetary system. Only by distancing ourselves from it do we become able to see that the monetary system in its current unbalanced form forces us onto a non-sustainable path: it enhances income and wealth disparity, pushes us onto a forced growth trajectory, and is intrinsically unstable, favoring short-term private yields. This system acts in a mainly pro-cyclical manner and exacerbates anxiety, greed, and competition while reducing social capital such as trust and solidarity. And despite advanced new technologies and well-intended individual lifestyle changes, the monetary system prevents us from achieving a more sound, stable and sustainable future. In consequence, more of the same simply will generate more of these unwanted, one-sided and unbalanced results—over and over again.