Wednesday, June 23, 2010

The Earth Has Enough For All!

"Earth provides enough to satisfy every man's need, but not every man's greed." - Mahatma Gandhi


Humans have been living on this earth for centuries and yet we have not learned to live abundantly with each other. Some have too much to consume, some have moderate wealth while others have very little to survive. Why there is a big disparity existing amidst us?

Mahatma Gandhi, a great leader of 20th century observed that earth provides enough to satisfy every man's need but not enough to satisfy every man's greed. How true it is.

The global financial recession in the first decade of 21st century has rocked the world so much because of greed factor. The bankers became greedy of making more profits from borrowers and the banks made the credit available to home buyers unintelligently. The financial institutes consumed with greed to maximize their returns wrongly speculated the market. They inflated the economy with unreal money supply and that has caused double digit inflation or rather it is a deflation.

Over the centuries, the earth has provided enough for all and it has never run out of resources. How can money which is only a fiat currency guaranteed by respective governments of the nations control the fate of human happiness, existence and security? Why not invent a 'Financial Technology' to solve the crisis? There is indeed something fishy that is not fully revealed to the masses. Financial business transactions by banks appear to be not so transparent. It seems that the banks are not regulated well by the governments today or the banks are not part of any nation building rather they are creators of fake currencies or the recessions.

Why haven't we succeeded in eliminating poverty from the face of earth? If governments can print trillions of dollars, how we haven't solved the financial problems of people? In my opinion, the governments of the world, and not individual entities should own the banking systems. If they do this, 75% to 85% of world financial crisis could be easily contained and the world would have become a better living place on earth.

There would be enough for all and nobody would go hungry, thirsty, shelter-less or penniless. The earth will feed all because it has every man's need.

Alwed Ekka

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