Is interest indispensable? | Negative interest money systems and similarities with cryptocurrencies

in #interest4 years ago

Money is different from all the products we encounter in nature. Apart from getting old or deteriorating, it continues to increase thanks to the power of interest. Creates inequality, competition, scarcity, wealth polarization
Today, we clearly see that our economic system that puts money at its center leads to poverty, the slaughter of cultures and nature. However, money as a medium of exchange was an invention that emerged to make life easier. However, over time it became such that it turned into a tool of unhappiness for the masses. "Money has not made anyone happy yet. The more money you have, the more you want. Instead of filling a void, it creates a new one" is very ironic in this context. Of course, these problems have been known and discussed for a very long time. Even before history, many philosophers from Aristotle to Cicero objected to the interest-bearing nature of money on the grounds that it increased personal ambitions and disturbed the peace of society. Sophocles defined money as "the virus that infects all kinds of diseases".

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