Most everyone has heard the expression “money is the root of all evil.” Lately, I have been pondering this phrase as I study the markets and watch the flow of it. I don’t feel evil.
Setting the record straight, the quote is more like this:
“Love of money is the root of all kinds of evil” (Bible, 1st Timothy)
The operative word is “love”. I like money. It keeps me warm and fed and provides amusement. If I love money too much, will I feel the evil, be the evil or do evil things? Maybe. I think we might call that greed. Though, it does not necessarily follow that the extremely wealthy are greedy or evil.
I like the idea of Adam Smith’s “invisible hand.”
The invisible hand metaphor describes how we don’t get things via the benevolence of the vendor, but by our own self-interests. As we desire goods and services, we set the “need” and the value. This need is met by a provider who will profit by providing those goods or services, thereby feeding the providers self-interest.
In our current global condition, most uprisings happen because people lack occupation in something that will provide them with a monetary benefit, so they can eat and shelter themselves and have things they are told they should want.
Our systems of interconnectedness are changing the world self-awareness. Historically, money has made it easier for us to trade and consume. Human population consumes global resources with the speed and profundity of a metastasized tumor. (I apologize for the mixed metaphors).
We may survive if we stop behaving like a cancer ravonously devouring everything around us. This is not evil. It’s human nature. Let’s slow down, shall we?