What is Money?—Part Five: The Future of Money

Image result for The future of moneyIn the final part of his series on the history and development of money, Adam Booth explores how monetary theories and systems have changed over time in response to crises, and looks at the “solutions” proposed to overcome the contradictions facing the money system today. How do we break the spell of the so-called “root of all evil” and free ourselves from these “chains of gold”?

 

What is Money?—Part Four: Inflation and the Gold Standard

goldcoin graphIn the fourth part of his series on the history and development of money, Adam Booth examines the factors lying behind inflation and explores the role of gold as the basis for an international monetary system. As the collapse of the gold standard—and more recently the European single currency—demonstrate, the contradictions of capitalism will eventually always come to the fore.

What is Money?—Part Three: The Rise of the Bankers

classicalbankersIn the third part of this series on the history of money, Adam Booth looks at the growth of finance, the development of banking, and the role of credit within capitalism. As Booth stresses, the economic problems we face today lie not with an overbloated finance sector, greedy bankers, or a lack of credit, but with the anarchic, chaotic, and crisis-ridden capitalist system.

 

What is Money?—Part Two: Value and Social Relations

money people circleIn the second part of his series looking at the role of money within capitalist society, Adam Booth explores the questions of value, alienation, and profit in order to develop a more in-depth understanding about the nature of money.

What is Money?—Part One: the Origins of Money

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In the first of a five-part series analyzing the role of money within capitalist society, Adam Booth looks at the origins and evolution of money. By applying the Marxist method to this question, we can strip away the mysticism of this seemingly omnipotent power—“the root of all kinds of evil”—and understand the solution to removing its grip over us.