Covid-19 has sent the world into turmoil. And in its wake the pandemic isn’t just threatening lives, but exposing a highly dysfunctional economic system and intensifying pre-existing inequalities. Just as we can only comprehend some natural phenomena by watching accelerated time-lapse videos, the unprecedented rapid pace of this unfolding crisis is showing us some of the deep structural problems within our society.
Positive Money’s mission is to reform money and banking to enable a fair, sustainable and democratic economy. But that system which we seek to reform, does not sit in isolation from other societal issues, rather it must be considered within a wider context of systemic failures. Specifically, there are five deep rooted issues which have contributed to our dysfunctional economy: the money and banking system, neoliberalism, structural oppression, neoclassical economics, and financialisation. This crisis is exposing the weaknesses and falsehoods at the heart of every single one of them and making it clearer than ever before, what alternatives we must fight for.
— source positivemoney.org | Fran Boait | Apr 21, 2020