The Inevitable Struggle: Why the Monetary System Isn't Benefiting All

At the dawn of the new millennium, the United Nations set a goal of eradicating poverty by 2030. With 14 years left to go, according to U.S. Agency for International Development administrator Gayle Smith, we have already reduced the proportion of destitute people in the world by 50 percent. Despite this progress, many are questioning whether the vast majority of people are truly benefiting from the monetary system.

Are We Benefiting From the System?

It is often argued that the monetary systems in the United States and the European Union have been effective in managing inflation and balancing the economy's need for stimulation against the need for currency stability. The U.S. monetary system, in particular, plays a crucial role in protecting and clearing financial transactions, regulating banks and financial institutions, and ensuring a stable and reliable money supply. This system has undoubtedly benefited nearly everyone by providing a stable economic framework.

The Eternal Struggle Between Haves and Have-nots

However, the core issue lies in the struggle between the Haves and the Have-nots. This eternal conflict reflects a deep-seated fear and desire. The Have-nots dream of sharing what the Haves have, while the Haves are wary of losing their advantages.

The Fear of Loss

The Haves, who possess wealth and power, fear that sharing their resources with the Have-nots would nullify their superiority. On the other hand, the Have-nots, who lack these resources, often feel unworthy of having them and may not desire equality, only recognition of their current status.

The Desire to Prove Success

When a Have-not manages to become a Have, they often feel the need to prove their worth by flaunting their new status. This creates a cycle of envy and resentment, maintaining the divide between the two groups. The Haves, in turn, invest heavily in shielding themselves from the potential threat and judgment of the Have-nots.

A Realization at the End

Ultimately, the most essential truth emerges in the final moments of life. Both the Haves and the Have-nots recognize that, at the end of the day, what truly matters is basic survival. The ability to eat, drink, defecate, and urinate without difficulty is the fundamental need that transcends all social and economic divisions.

Despite these profound insights, the struggle continues. Both groups are driven by a mixture of greed, fear, and a desire to establish their place in the world. The realization that all people are created equal comes too late for many, as they face the inevitability of death.

Conclusion

The question remains: How can we break the cycle and ensure that the benefits of the monetary system are felt by everyone? The battle between the Haves and the Have-nots must be addressed through true economic and social equality, rather than just achieving temporary gains in wealth and status.

Keywords: monetary system, economic inequality, banking system, poverty reduction