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Concepts of Socialism in the Banking Sector

Karl marx has been described as one of the best philosophers that ever lived. This can be demonstrated by the various works that he has done mostly dealing with capitalism and communism. His work has enabled people to draw a distinction between the two. Some of his works remain more relevant even today. For instance, he talks about how the elites have been exploiting the working class for their personal gain. Some of the works that he published within his life time is the Communist manifesto. However, there are more books that were published after he died. A lot of people refer to Karl Marx as the father of socialism. In fact, there are many countries which have based their economic models based on the theories of karl marx.

The theories which were espoused by karl marx are more relevant today than ever before. This can be illustrated by the monetary systems which have been adopted across the world. The modern banking system can be defined in the framework of the socialism principles expounded by karl marx. This can be demonstrated by the situation where modern banks are now creating money out of nothing. This is what has caused some people to conclude that the modern banking system is based on a lot of inequality. Indeed, there are some people who have stated that modern banking is based on sin. These factors have given bankers huge powers that make it possible for them to create money and also control the terms on which credit is provided.

Within just a short period of time, bankers have the ability to make a lot of money and eventually buy a lot of things from everyone else. This has resulted in a scenario where everyone else is a slave to the bankers. By understanding how the currency works, it will be easy for you to appreciate the economic cycle that is in operation today. By understanding the current economic cycle, you will be able to appreciate what might happen in the future. In fact, there are some people who have predicted that the dollar is likely to lose its status as the main reserve currency of the world within a short period of time. Understanding the various stages of currency is very important.

For instance, there is the first stage of currency that is described as the sound money. This is the crucial stage where a country has solid money as their currency. This type of currency is defined by value on items such as gold and silver. After the first stage, the country then begins to make some gains in economic and social matters. This means that the country will begin to invest in infrastructure. The country will then begin to spend a lot of money in military matters. The essence of spending in military is so as to improve the influences of the country and enable it to project its powers easily. The country might them begin the stage of perpetual war so as to project its powers more widely.

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