The current global mega-crisis is forcing us to confront the flaws and inconsistencies inherent in the present dominant structures of economics, money, and finance. As a result, we have before us a great opportunity to open up a conversation that admits to consideration ideas and proposals that may have heretofore be rejected out of hand as radical, impractical, or utopian, ideas like those put forth by Mahatma Gandhi three quarters of a century ago.
My good friend and scholar, Rajni Bakshi, has recently articulated that possibility and those ideas in her article, Civilizational Gandhi. You can download the full article here. I also recommend her article, Replacing Keynes With Gandhi.
Ms. Bakshi is the Gandhi Peace Fellow at Gateway House: Indian Council on Global Relations based in Mumbai, India.
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Both of your links to Dr. Bakshi’s article are broken. Can you fix them, or has the site removed their availability?
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I’ve fixed the links I could but the research paper seems to have been moved on the Gateway House site. You should ask them about it. Please let me know.
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Both of your links to Dr. Bakshi’s article are broken. Can you fix that, or has the site removed their availability?
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Dear Tom;
I was wondering weather or not my concept of eliminating debt from a monetary system is gaining any traction? I think I can see monetary theorists begining to open up to this but you spend so much of your lifes energy towards this purpose, I thought you might provide validation for my thoughts. Love you Tom, again thanks for all you do.
In Lak’ech Love&Peace David
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David, I’m not sure how you intend to eliminate debt from the monetary system.
Indeed, we need to transcend the global interest-based, debt-money regime that is driving the world to destruction.
Surely, we can eliminate “interest-bearing debt” from the exchange process by organizing credit clearing exchanges, but we are always in debt to one another. “No man is an island.”
There is surging interest in credit clearing but few are willing to embrace the notion of a world without interest/usury, even though the destructive and divisive effects are increasingly apparent.
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