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Rights and Money

Robbie Smyth ()
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Robbie Smyth: Griffith College

Chapter Chapter 2 in The Invisible Republic, 2022, pp 37-53 from Springer

Abstract: Abstract Relationships with money are central to how we live today. Many of us spend most of our lives in debt. We feel we don’t have enough cash resources, which means we have to rent money, usually as loans from banks, and then we owe more money. Industrialised economies revolve around money. Everything deemed important has to have a monetary value. An endless number of activities and objects are denominated in monetary terms. Money is seen as an objective measure, but how efficient is it in mediating between the interdependencies that economic activity creates. Money is in fact a power for those who have surpluses of it and source of inequality for those who don’t. It impacts negatively on individual rights. Now as society moves through a new technology revolution, the impacts of the internet, and digital information flows puts in question the whole rationale for having money in the first place.

Keywords: Money; Banks; Inequality; Interdependency; Digital Money (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-86734-8_2

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DOI: 10.1007/978-3-030-86734-8_2

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