This paper proposes to examine the apparent increase in interpersonal conflict that often accompanies economic change. Focusing initially on the drinking behavior of the Naskapi Indians of Schefferville, Quebec, it is held that when economic change results in the introduction of new ways of access of persons to goods or activities that serve to maintain identities, there will be an increase in frequency of identity struggles, and a corresponding increase in those ritualized or formalized social interactions which serve as identity‐resolving forums.
Interrelationships among money, debt, and economic growth create a
financial system that provides a steady stream of income to banks and private investors—
the proverbial 1 percent. However, because economists obscure these interrelationships,
threats to the maintenance of the monetary streams of the elite
are underreported. Consequently, increasing shares of national incomes must be
appropriated to maintain those streams. This article reexamines the nature of and
relationships among money, debt, and economic growth to understand austerity
programs and why rates of economic growth must decline and how governments
and elites adjust to this reality. It then suggests alternative ways of addressing the
creation of money and the problems arising from the division of society into net
debtors and net creditors.
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