Business & Finance - Top Blogs Philippines

Tuesday, November 5, 2013

Book: Payback and Debt by Margaret Atwood




"In heaven there are no debts, all have been paid one way or another, but in hell there is nothing but debt and a great deal of payment is exacted."

For something more profound and  intellectualy stimulating, here's a modern version of the parable of Ebenezer Scrooge: A Christmas Carol, by Margaret Atwood.. Start listening at 13:38 minutes

"Scrooge noveau lives in the 21st century so he does have a corner office and he doesn't have a firm. He has a corporation. In fact, he has many of them. He collects them; it's a hobby of his. He hasn't much care what they make, so long as they make money."




"Three spirits will visit you.. 'Do they have appointments!?'"

"Unless people treated the gifts given by the natural world with respect, and refrained from respectfulness and greed, divine displeasure would follow, signaled by drought, disease and famine. The prevailing ethos was there was a debt and it had to be repaid regularly, or the benefits that were given would be withheld."

"All wealth comes from nature, without it, there wouldn't be any economics. The primary wealth is food, not money..."

49:10 "You're witnessing a moment of hyper inflation. When people lose faith in the value of a currency, you need more and more money to buy anything. And in fact money simply melts away like the illusion it always has been. After all it's a man made symbol. It exists only if we agree that it does. And if you can't change it back to the things it is supposed to signify, it's competely worthless."

"In a world where everything have been changed to money, there is nothing left to eat."

"I don't really own anything, Scrooge thinks, not even my body. Everything I have is only borrowed. I'm not really rich at all. I'm heavily in debt. How do I even begin to pay back what I owe? Where should I start?"

The last 2 minutes and 20 seconds contain the gist.


Link:

http://podcasts.tvo.org//bi/audio/2066944_48k.mp3

No comments:

Post a Comment