A look at some of the things that are wong with
the world's financial system - and some alternative ideas
What is the money system really like?
What can we do about it?
- The truth about banks 5 things
that banks would like you to believe - plus the things they DON'T tell
- Challenging the system Our money
system, what is wrong with it, and some ideas about how to change it.
- Money Transactions A quick
look at speculation and "hot" money.
- Third World debt What is the debt crisis?
What effect is it having? What can we do about it? Includes a Quick
Two examples of how the money system really
can work for the people:
- Microcredit. Local banks lend
money to poor people in communities in the South.
- LETS (Local Exchange Trading System).
A system of 'local currencies' that is becoming popular in communities
in the North.
Money & Debt Vocabulary
The Poverty Quiz
DROP THE DEBT!
Visit the Jubilee
2000 site to find out more
Money: the Dream
The money system is ours, the people's. The system is well designed;
its purpose is to allow people to exchange things that they need, but
cannot provide for themselves. The people who manage this system are
fair and do their job efficiently. They respect other people and the
Money: the Reality
The money system is corrupt, it exploits people, and it is difficult
to understand. For many people around the world, the money system is
a nightmare. Events on one side of the world can take away the homes,
the jobs and the livelihoods of people on the other side of the world.
On the other hand, financial traders and speculators can get bonuses
that are bigger than the yearly budget for a school.
EFFICIENTLY: doing something in a way that doesn't
waste time, or money or anything else.
RESPECT (v): to treat someone as important.
CORRUPT (adj): using power in an immoral way to get
FINANCIAL TRADERS & SPECULATORS: people who buy
and sell currencies.
BONUSES: money added to one's usual pay, especially
for doing good work.
Internationalist Magazine 1998, 1999
'Money, the reality' and 'Money, the dream"
are adapted from the beginning of the article, 'Our Money', by James Robertson.
NI October 1998.
Pig illustration: Michael Terry
New Internationalist Magazine On-line issue on the theme of MONEY
Last Modified: 20 July 2000