The Practice of Being Open
In part 1(1) of this series, we explored the relationship between money, psychology and violence, while in part 2(2) we looked at some ways in which the stories we tell as a culture to do with money could be seen as encouraging destructive patterns of behaviour. Looby Macnamara would describe such destructive patterns as “spirals of erosion”(3) and this part will explore in more detail some practical ideas for how we can transcend such erosive behaviours and create “spirals of abundance”(3) instead.
Alternative Economic Theories
In parts 1(1) and 2 (2), I mentioned theories about the possibility of a moneyless society, or a society where money takes a different role, such as Sacred Economics(4) author Charles Eisenstein and Satish Kumar, who among other roles was a practicing Jain monk as a child(5). Both of these writers can be said to be influenced by EF Schumacher, whose book Small is Beautiful (6), published in 1973, critiqued the unsustainable model of resource and profit-driven industrialised capitalism, and recommends instead a philosophy of “enoughness” and appropriate use of technology(6). Schumacher was himself influenced by Oriental thinking and in particular Buddhist ideas of moderation (see for example ref 7). In modern society, we can see an example of “enoughness” in practice in the Thai concept of “sufficiency economy” (8).
The above examples show some ways in which alternative economic ideas have been influencing the world, and are somewhat encouraged in some mainstream societies. Yet if money is the very problem, it seems we need to explore more radical alternatives.
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