I am proud to have published essays by Zeus Y. since 2008. Part 2 will be published tomorrow.
Ending a Taking Economy and Creating a Giving Economy: Confronting the Zero Interest Rate Policy (ZIRP) and Taking Effective Action by Zeus Yiamouyiannis (guest essay)
Introduction
The world can no longer afford a taking economy, where “make a killing” is the motto. Together we need to create a giving and sharing economy that helps us all “make a living.” This essay will unveil the present unjust and unworkable economic system that punishes responsibility and rewards fraud. It then outlines the implications for the average person, and ends with new, powerful, and practical principles and visions driven by the emergence of connected communities. This 2-part essay brings together many of the ideas I will be discussing in a new series on Transforming Economy on Gaia TV.
First, we need to become factually aware of “where we are now.” This allows us to take active responsibility as aware citizens without simply blaming ourselves for our personal and collective situation. In doing this we have to be courageous enough to learn about the unfair realities that surround us without capitulating to helplessness.