by; Athar Mudasir.
Interest is the main organ for the whole capitalist system as it serves a cumulative and equalizer to all the parameters of political economy at the higher levels of economic and social class. it serves a complex of fear for both borrower and lenders to meet certain specific economic goals within a specific time and provides a hedge for a transaction and meet out demand and supply which proportionately helps in liquidity of economy. the main feature is that interest is paid by the borrower on the borrowed capital with a specific percentage per annum and proportionately interest is charged by the lender on the same amount. thus give rise to capital for lender without any substantial movement while as it inversely decreases the same amount for the borrower. the lender of capital is always a wealthy personnel and such money mostly gets offshored and invested in inflationary and capital assets and have possibly low benefit to the lower class of people. the interest money sucked from poor class is been directly and indirectly used against such people through means of corruption and create tyrants as rulers which only benefit higher classes. however, the borrower who works hard to meet his days and pays off his rising interests to lower his debt. meets with another draconic monster i.e is inflation. such interests and inflation on hand to hand leaves a very little for the borrower but with higher debts and inflation. for a common man, interest is a disease which affects the economy by the supply of commodities and creates an artificial competition within the intermediaries and generates unending desire within the people, this cycle goes on and on and the injection of debts become an integral part of life and inflating the currency and lowering money value. the continuous inflation and devaluing of currency lead to a most terrible state of depression which alters the whole phenomina of world order by rising geopolitical tensions and drags the world to most inhumane warfare and abuse of humanity.
No comments:
Post a Comment