Douglas Rushkoff: Death of the Financial Parasite….Good!

03 Economy, 07 Other Atrocities, 11 Society, Civil Society, Commerce, Commercial Intelligence, Corporations, Corruption, Cultural Intelligence, Ethics, Gift Intelligence, Money, Banks & Concentrated Wealth
Douglas Rushkoff

Program Your Own Money

Douglas Rushkoff

Reality Sandwich


Yes, we are watching something melt down. But I'd argue the thing that's dying is not business itself, but a financial parasite — a speculative marketplace that no longer funds business but instead seeks to extract value from healthy commerce. More a funds vampire than an infuser of needed capital, the investment industry has been exposed as a drag on business. The future of commerce looks bright to me because it may be unencumbered by the weight of this non-productive capital.

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Once we accept the fact that the money and banks we have grown accustomed to using are not the only ways to generate capital, we liberate ourselves and our businesses from a finance industry that has enjoyed a monopoly over our commerce for much too long. They have not only abused our trust through corrupt self-dealing, but abused their privilege through systemic usury. Businesses are only obligated to support their employees, owners, and customers — not an entire finance industry.

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