Unravelling the Enigma of Money

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MONEY A Conscious Exploration: 

The Essence of Money:
In the vast tapestry of human civilization, there exists a 
thread that binds us all: money. Referred to by many names - cash, dough, bucks, greenbacks, moolah, loot, coin - money transcends its material form to embody power, influence, and the very essence of modern society. It is the cornerstone upon which economies are built, the lubricant that keeps the wheels of commerce turning, and the measure by which value is exchanged. From the earliest forms of barter to the digital transactions of today, money has evolved alongside humanity, shaping the course of history and underpinning the fabric of our daily lives.


The Dual Nature of Wealth:
However, beneath its surface allure lies a 
potent weapon. Money, a creation of humanity, has evolved from a simple medium of exchange to the foundational code of our societal structure. It pulsates through the veins of commerce, propelling economies forward and igniting the flames of innovation. Its dual nature is evident: as a catalyst for progress, it has spurred technological advancements and lifted millions out of poverty, yet its unchecked power has also fuelled inequality and exploitation, leaving many behind in its wake. The pursuit of wealth, once seen as a noble endeavour, has often devolved into a ruthless race for accumulation, leading to a moral reckoning in the modern age.


Earning the Elusive Quarry:
Yet, despite its omnipresence, money remains an elusive quarry, requiring diligent pursuit. For most, money is acquired through the 
sweat of labour, the toil of dedication, and the kindness of others. It stands as a testament to human ingenuity and determination. However, the quest for money often takes a toll on the soul, leading to a relentless pursuit of wealth at the expense of personal fulfilment and societal well-being. The commodification of labour and the relentless pressure to accumulate wealth has resulted in a society where material success is often equated with personal worth, leaving many disillusioned and disconnected from their true purpose.


The Evolution of Money: 
Money's journey through history mirrors our own. From its humble beginnings in local economies, it has traversed the realms of time and space. From the sluggish pace of horse-drawn carriages to the lightning speed of digital transactions, money has transcended boundaries, shaping the global landscape. Yet, with its increased mobility and interconnectedness, money has also become a double-edged sword, capable of destabilizing economies and perpetuating systemic injustices on a global scale. The rise of financial markets and the advent of digital currencies have revolutionized the way we think about money, blurring the lines between the virtual and the tangible, and raising profound questions about the nature of value and worth in the modern age.


The Rise of Local Economies:
However, as money's reach expanded, so too did its potential for disruption. The globalization of wealth brought unprecedented prosperity but also ushered in unforeseen challenges. Local economies found themselves overshadowed by the relentless march of progress. Communities once sustained by vibrant Main Streets and bustling marketplaces now struggle to compete in the face of multinational corporations and online giants. The erosion of local businesses and the homogenization of culture have left many communities feeling disconnected and disempowered, leading to a growing movement to reclaim the essence of money and redirect its flow back to where it began - within local communities.


Navigating the Perils: 
In this era of rapid change, the power of money has become both a boon and a bane. Its unchecked influence has led to economic instability and social upheaval, threatening the very foundations of our civilization. The relentless pursuit of profit at all costs has resulted in environmental degradation, social inequality, and the erosion of trust in institutions. The commodification of human labour and natural resources has led to exploitation and alienation, leaving many marginalized and disenfranchised. The concentration of wealth in the hands of a few has created a stark divide between the haves and the have-nots, exacerbating social tensions and fuelling calls for systemic change.


The Surge of Money Creation and Concentration: 
In the past five years alone, more money has been created and put into circulation than in the previous three centuries combined. Astonishingly, over 90% of this newly created wealth is controlled and owned by less than 0.1% of the population. This staggering concentration of wealth highlights the stark inequalities that permeate our modern economic system. Moreover, the mechanism through which the majority of modern money is put into circulation is through debt. In fact, approximately 97% of the money in circulation is created from debt, effectively making the majority of our society modern debt slaves.


The Revival of Local Wealth: 
Amidst the chaos, a beacon of hope emerges. Buy-local initiatives like Getslocal are reclaiming the essence of money, redirecting its flow back to where it began - within local communities. Through innovative forms of currency such as B2B trade credits and B2C loyalty points, these movements breathe new life into local economies, fostering a sense of unity and resilience. By prioritizing community wealth over individual profit, they seek to create a more equitable and sustainable economic model that benefits all stakeholders. By supporting local businesses and investing in the well-being of our communities, we can create a future where prosperity is shared by all, and money becomes a force for good in the world.


Did you enjoy this blog post? 
We hope you learned something new! At Getslocal, we believe our local economy is a delicate web, held together by the power of community. We're dedicated to nurturing this fragile ecosystem and​ creating the healthiest local economy possible.  But we can't do it alone—we need the support of individuals like you, Together, we can make a difference.. 
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