Wages lag production so debt is required. The banks in this article are everywhere because they have a monopoly on credit creation and demand interest.
Take 5 minutes to read this, it articulates what the author failed to (and as a result reached a conclusion of little use):
Think of the banks everywhere. They are today's churches. Big spacious lobbies. Stand in awe not at the creativity but at the sheer amount of high value real-estate they can waste.
The guy writing this article doesn't understand the wider dynamics at all. It's about money creation and the use of that to ramp land prices in order to compel everyone to hand over part of their labour.
As you note if you have money you can get more of it because you can leverage it. But that's only part of the picture.
I'd encourage everyone to read the above link and also Henry George "progress and poverty"
Take 5 minutes to read this, it articulates what the author failed to (and as a result reached a conclusion of little use):
http://www.socred.org/index.php/blogs/view/it-s-time-for-an-...
Think of the banks everywhere. They are today's churches. Big spacious lobbies. Stand in awe not at the creativity but at the sheer amount of high value real-estate they can waste.
The guy writing this article doesn't understand the wider dynamics at all. It's about money creation and the use of that to ramp land prices in order to compel everyone to hand over part of their labour.
As you note if you have money you can get more of it because you can leverage it. But that's only part of the picture.
I'd encourage everyone to read the above link and also Henry George "progress and poverty"
http://www.amazon.com/Progress-Poverty-Industrial-Depression...