The nature of debt and wealth
 

 

This week Canada's Finance Minister, Jim Flaherty, stated that the year's deficit will be $50 billion dollars: the government will spend $50 billion more than it collects in taxes. Future generations must pay it back, with interest, over and above their regular commitments, similar to mortgages and student loans.

Some of the money will provide temporary relief to those suffering from loss of income and employment. Some will go to corporations and shareholders in danger of bankruptcy. Some will be used to build long term infrastructure and create jobs. But in the light of justice, what is the correlation between those who will pay the debt and those benefiting from it?

Individuals and families whose desires have driven them to bigger homes, luxurious automobiles, fashionable clothes and unbridled consumerism, encouraged by corporations and governments, are turning to money/credit card debt with high interest rates to buy “happiness”. This temporary solution can only delay for a short time the day of reckoning when simplicity, frugality and the intangible will demand attention.

While we tend to equate wealth with money and material things, money is only a medium of exchange. True wealth is found in Nature - pure water, clean air, sunshine and rich earth on which life depends. Nature is the real source of the economy, politics, education and spirituality. Nature is Life.

For our interconnection with other beings on land, below the surface, in the air, and in the waters, human beings are a privileged part, and our debt is an enormous one. We are part of the web of life, its magic and its mystery.

To our ancestors, heroes and teachers who have helped us to become individuals by showing us how to conquer virtues by defeating faults, we owe more than we can imagine. The legacies of Confucius, Plato, Marcus Aurelius, Buddha and our Native Shamans, among others, have left a body of Wisdom and ways of elevating humanity so truth, beauty, generosity, elegance, respect and other sacred values can be part of our relationships and communities.

New Acropolis is part of those legacies in more than 50 countries where Timeless Values are learned and where stability, serenity, creativity and initiative are developed in order to build a better world. 

 

June 01, 2009

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