{"id":16207,"date":"2016-01-08T12:00:27","date_gmt":"2016-01-08T17:00:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16207"},"modified":"2016-01-08T12:00:27","modified_gmt":"2016-01-08T17:00:27","slug":"fork-the-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16207","title":{"rendered":"Fork the Economy"},"content":{"rendered":"<footer class=\"node__submitted\">\n<h3 class=\"user-picture\"><a href=\"http:\/\/www.shareable.net\/blog\/fork-the-economy\" target=\"_blank\">Fork the Economy<\/a><\/h3>\n<p class=\"news-author\">\n<\/footer>\n<div class=\"node__content\">\n<div class=\"field field--name-body field--type-text-with-summary field--label-hidden\">\n<div class=\"field__items\">\n<div class=\"field__item even\">\n<p><strong><em>I&#8217;ve given up on fixing the economy. The economy is not broken. It&#8217;s simply unjust. There&#8217;s a difference.<\/em><\/strong><\/p>\n<p>We have to stop looking at our economy as a broken system, but one that is working absolutely true to its original design. It&#8217;s time to be progressive &#8212; and this means initiating systemic changes.<\/p>\n<p>For example, Bernie Sanders\u2019 well-meaning calls to rein in the banking industry by restoring the Federal Reserve\u2019s function as a &#8220;regulatory agency&#8221; reveals the Left\u2019s inability to grasp the true causes for today\u2019s financial woes. We are not witnessing capitalism gone wrong &#8212;\u00a0an otherwise egalitarian currency system has not been corrupted by greedy bankers &#8212;\u00a0but, rather, capitalism doing exactly what it was programmed to do from the beginning. To fix it, we would have to dig down to its most fundamental code, and rewrite it to serve people instead of power.<\/p>\n<p>First off, the role of the Federal Reserve was never to serve as an \u201cagency.\u201d It\u2019s not like the Environmental Protection Agency, which is charged with regulating corporate destruction of the natural world &#8212;\u00a0however woefully it may be carrying out that purpose. Rather, the Fed is a private corporation &#8212;\u00a0a banker\u2019s bank owned by the banks &#8212;\u00a0created to guarantee the value of currency. It was built to serve the dollar and maintain its value by fighting inflation. When the Fed is feeling magnanimous, it can also lend extra money into existence, in the hope that it will be invested in enterprises that employee people.<\/p>\n<p>The actions of the Fed, however, are limited by the way our money, central currency, was designed to work. It was developed back before the Industrial Age,\u00a0as a waning European aristocracy sought to stem the rise of the merchant middle class.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fork the Economy I&#8217;ve given up on fixing the economy. The economy is not broken. It&#8217;s simply unjust. There&#8217;s a difference. We have to stop looking at our economy as a broken system, but one that is working absolutely true to its original design. It&#8217;s time to be progressive &#8212; and this means initiating systemic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,5434,171,11562,246,3185,1470,303,305,11563],"class_list":["post-16207","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-bernie-sanders","tag-corporations","tag-douglas-rushkoff","tag-economy","tag-environmental-protection-agency","tag-epa","tag-fed","tag-federal-reserve","tag-shareable"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16207"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16207\/revisions"}],"predecessor-version":[{"id":16208,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16207\/revisions\/16208"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}