Those who control, or are perceived to control, the societal form of money walk a perilous line. On one hand, they are highly compensated and enjoy luxuries afforded to few. On the other hand, if the skewed distribution of wealth causes intolerable stress for many others, then those perceived to control the societal form of money may suffer the wrath of a Market correction.
Albert Speer: His
"You have to think," Dr. Huphauer said, "that multiplying that ‘seven million unemployed’ figure by a conservative three to include families, there were then about twenty million people in need, with no unemployment insurance and only the most minimal social security benefits. When the earlier catastrophe, the inflation, struck, when a loaf of bread cost a million marks and butter and meat ceased to exist for millions of people, they grew to hate - really hate - anyone who had money, thereby exacerbating the already profoundly resented class system."
Tagging a specific social group that has been significantly woven into a society and then yanking that group from the fabric will tear the society significantly. All societal members will suffer the tear, rippling through generations.
When the societal form of money does not function well for many, those who maintain wealth are perceived by the others to be privileged and conspirators. When monetary stress becomes critical, the simplistic tagging of all wealthy people prevails.
The History of Money by Jack Weatherford, 1997
Everyone seemed to be looking for a scapegoat to take the blame for the calamitous monetary and economic fallout of the era. In each country, politicians attacked the wealthy class or some particular segment of it - the aristocrats and landed peasants in
Privilege (Random House Dictionary): 1. a right, immunity, or benefit enjoyed only by a person beyond the advantages of most: the privileges of the very rich.
Conspiracy (Random House Dictionary): 1. the act of conspiring. 2. an evil, unlawful, treacherous, or surreptitious plan formulated in secret by two or more persons; plot. 3. a combination of persons for a secret, unlawful, or evil purpose.
Instead, monetary frustrations should be focused towards eliminating flawed monetary concepts as root causes of monetary stress and cyclical conflict. A monetary collapse is a window of opportunity to make progress towards a more perfect Market.
