The Monetary Roots of Political Extremism

The global economy is generating unprecedented wealth for a select few, but at a cost that is proving to be unsustainable. The system is designed to be highly unequal, over-indebted, and prone to financial crises, all while causing ecological damage.

LONDON - The roots of this problem can be traced back to the Geneva School of economists, a group that emerged in the 1930s. Combining the ideas of the Austrian school and German ordo-liberalism, they developed a theory that would have far-reaching consequences. This theory allowed for greater private control over the creation, pricing, distribution, and marketing of money.

## The Geneva School's Legacy

The Geneva School's ideas paved the way for the rise of plutocrats like Elon Musk. These individuals have built their wealth and power on the foundation laid by this group of economists. The theory developed by the Geneva School gave private interests greater control over the money supply, allowing them to accumulate wealth at the expense of democracy.

## The Consequences of Unchecked Power

The consequences of this unchecked power are far-reaching. The global economy is becoming increasingly unequal, with a small elite accumulating vast amounts of wealth. This wealth is often built on the backs of those who are struggling to make ends meet. The system is also prone to financial crises, which can have devastating effects on the global economy.

| Theory | Austrian School | German Ordo-Liberalism | | --- | --- | --- | | Emphasis | Free markets | Private control over money creation and distribution |

The Geneva School's theory has had a lasting impact on the global economy. It has allowed private interests to accumulate wealth and power, often at the expense of democracy. As the global economy continues to evolve, it is essential to understand the roots of this problem and to consider the need for radical reforms.