Money has been created neither by nature nor by God – it has been created by human beings. But now it has grown far beyond the control of the humanity that brought it into being. Like “The Sorcerer’s Apprentice,” it seems that its creator is unable to control that which he has let loose.
Money and our particular capitalistic monetary system have come into being as part of the structure of human social life as it has evolved through the ages. If we are to take control of money, to make it serve humanity rather than make humanity serve it, we must look to changing not the money itself but that which, within the evolving social structure, brought it forth in the way it has.
Though over the centuries many social forms and structures have come and gone, there is still at the foundation of most of our various structures something which has its origins in the old theocracies in which there was no thought of democracy, equality, or individual freedom. They were formed when human life was very different and much simpler than it is today. Then it was very much the group or the tribe that was the dominant societal force or unit. Today, and increasingly so, the individual person stands alone, unbeholden to the rigid inheritance of ancient custom.
Behind all present social thinking and activity is the basic perception that society is a unitary whole with a government or other leader at the head providing leadership, guidance, management, and control over the whole. Society is conceived of in the form of a pyramid, itself built up of smaller pyramids. This is the form that can be seen in virtually all social groupings, whether governmental, business, or educational, and whether democratic, religious, communist, paternalistic, or dictatorial. At the head, usually supported by a group of ministers or other such departmental heads, is the prime minister, president, chief executive officer, headmaster, or captain. Guidance, wisdom, law, and decisions affecting the whole are handed down from the single authority at the head. This is a form that comes down from the theocracies of earlier times; it is one that was proper for a time when people accepted that their leader, king, pharaoh, or priest received wisdom directly from God. But is it right for today?