tirsdag den 23. september 2008

Markedsspillet - En Gravalvorlig Pengeleg

The world's most powerful instrument of governance is not a government. Nor is it a global corporation. Rather it is a global financial system that is running dangerously out of control.

Each day half a million to a million people--primarily Western Europeans, North Americans, and Japanese--arise as dawn reaches their part of the world, turn on their computers, and leave the real world of people, things, and nature to immerse themselves in playing the world's most lucrative computer game: the money game. As their computers come on line, they enter a world of cyberspace constructed of numbers that represent money and complex rules by which those numbers can be converted into a seemingly infinite variety of financial instruments, each with its own distinctive risks and reproductive qualities. Through their interactions, the players engage in competitive transactions aimed at acquiring for their own accounts the money that other players hold.

Players can also pyramid the amount of money in play by borrowing from one another and bidding up prices. Indeed, the money game players have been so successful in creating play money that for every $1 now circulating in the productive world economy of real goods and services, it is estimated that there is $20 to $50 circulating in the world of pure finance--"investment" funds completely delinked from the creation of real value. In the international currency markets alone, some $800 billion to $1 trillion changes hands each day--unrelated to productive investment or trade in actual goods and services.

Not only is the money game challenging and fun, the play money it generates can be exchanged for real money to buy things from people who work in the real world--lots of things. Unfortunately for the rest of us, though it is played like a game and the transactions involve nothing more than moving numbers from one electronic account to another through a global web of computers, the money game has enormous real consequences.


Ovenstående er sakset fra økonomen David Korten's bog "When Corporations Rule The World".

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