The Global Economic System is in a Reverse Direction and No One Repaired it

Abstract

The way money has been handled is directly related to the multiple crises facing humanity. The existence of debt allows domination among social classes, among nations and, consequently, super-exploitation of the human being over nature. This study aimed to question the debt logic, which is the basis of the current global economic system. By observing nature, you can notice that nothing is charged: you don't have to pay for what you get (oxygen, the sun's light, water, food, life itself, etc.). The current global economic system, however, has reversed this logic: exploiting and charging people is often more valued than caring and giving to them. In this way, it's evident that nature, which gives too much and doesn't demand anything in return, will always be the most exploited. So, couldn't humanity replace the act of "charging" for the act of "giving"? In other words, if the price of a product or service were determined not by the seller or service provider, but by the customer or beneficiary, could the domination and exploitation of human beings continue to exist? Through this change, wouldn't it be possible to achieve ethical principles – considering the well-being of each one and of the humanity as a whole –, such as autonomy and emancipation of human relations, dignity, cooperation and exchange of pleasantries? Wouldn't it be possible to restore the meaning of the act of working and, furthermore, the interest, enjoyment and intrinsic motivation to perform it, regardless of its economic value?

Save as a Favourite

Author Information
Carolina Façanha Wendel, University of São Paulo, Brazil
Mário Masaru Sakaguti Júnior, University of São Paulo, Brazil
Marcos Sorrentino, University of São Paulo, Brazil

• Category: ECPEL2016, Oral Presentation, Paper Available
• Tag: Economics

Posted by James Alexander Gordon

All Posts