I used the title to this post in a tweet and was asked to explain myself. So here goes.
From the start I will say that I am not an economist and I am not a political scientist. I am, however am amateur social historian. So don’t expect to many sources. Just opinions gained from a study of mankind.
In the beginning, as all second-rate tales start, there were hunters and gatherers. The only way they could survive was to act as a group. Everything was shared. the only sin was doing something which would harm the group. Traditionally men hunted, often unsuccessfully for meat while women gathered, luckily with much more success, fruits, roots, garin and any little critters which could give a mouthful of protein to a hungry tribe.
Then women discovered that settling down and cultivating plant foods gave a much better return. So the first villages were developed. The first known was around 12,000 years ago at M’lefaat in Iraq
The range of skills needed to live in a village grew as did the available food.. There had to be house builders, and potters. Yet all produce was still shared. As the nomadic hunter gatherers of the region began to see how well these strange “villagers” lived, they decided to drop in and take a share. They became the first conquerors and took over the running of the settlement. And took a share of the produce in return for their role as “Protectors”. The first criminals and the first taxation. and the first cells of the money cancer grew on the barter system
Over the millenia, villages grew into cities and the idea of communal
sharing disappeared into a golden age of myth. Instead there were kings who took a share of the produce to redistribute it to the non-producing protectors. Somewhere along the line shamans became important and used their persuasive powers to convince the common people that they had to support their King who was a representative of the God who provided the water and the good crops the city depended on.
What has happened now is that a producer; grain, fruit, animal or manufacture, had to present a proportion of their production to the Rulers, both temporal and spiritual. It meant that differeing values were put on different items. One gazelle might be worth ten baskets of wheat. A basket may be two baskets of wheat. A basket of chick peas may be two baskets of wheat.
The beginning of the end, the end we are seeing now, was when traders began to move goods between cities. They would take a small part of the proceeds as payment. A form of currency had to be invented to allow the new system to work. Kings loved the idea. they no longer needed large buildings to house their tax gatherings. Traders loved it because they could skim off a little more than they needed to live and so build themselves a bigger house or keep a second wife.
Some smart nomads discovered they could make a very good living by ambushing trading parties and taking their currency. Bandits were an important step in the growth of the money cancer. The created a need for secure movement of money from one city to another. Since there were money movements each way and they more or less balanced out, a smart group of people started to keep accounts instead of moving physical money. They became the first bankers. By now barter was forgotten and everything had a money value. The bankers were able to skim small percentages off each transaction and so created quite large holdings of ready money. So much they were able to lend to Kings who wanted to make expensive war.
Bankers became the defacto rulers and in the past couple of centuries have set about gathering more and more of the available money. They now own the Governments and Churches. The cancer keeps on growing. Those bankers are almost a hereditary group of hidden families who are the true rulers of the Earth. Their reason for existence has become the gathering in of more and more of the wealth created by the “little people”. They now fund both sides of wars, take a high proportion of money meant for disaster relief and tell Governments how much they can spend.
The removal of the “Gold Standard” in the 1930’s took away the last connection money had with reality and the end became inescapable. Even the Bankers have forgotten that money is but a repressentaion of the value of a real thing.
With computerisation, it has become ever easier for the bankers to accumulate more. And there is no longer anything real about money. It is just electrons in a mainframe. This leaves ever less for the vast mass of humanity. Some of those “little people” have been deluded into thinking that running a gold mine or an iron ore mine means that they are important and rich. They do not see that their few billions are small change to the bankers trillions.
The money cancer has almost completely taken over human society and the sickness can only result in the death of that society. Only a world-wide revolution and a massive thinning of humanities numbers will allow a healthy society to return.
It will be brutal and many will be lost but it is now inevitable.
Money is diseased barter and must be cut out if we, as a species, are to return to a healthy way of interacting. When we again become hunters and gatherers.