People have always thought that money is a mere tool for facilitating exchange. But, they don’t realize that money itself is a tool of power and money creates social relationships. The way a government uses and defines money creates inequality and class, poverty and misery.
For example, if we look at the Greek Debt Crisis, the Euro wasn’t a neutral tool. Rather, the Euro created a stringent set of rules and these rules were broken on behalf of the bankers during the world financial crisis in 2008. However, these rules were forced upon Greece and a political choice was made: it was more important for bankers to recoup their profits than for the people of Greece to get basic necessities.
Time and time again, money has been used as a political tool and is not neutral.
Today, Miguel Arjona Sanchez, a professor at the University of Spain in Grenada joins us to discuss the political history of money and the constitution.
Miguel Arjona Sanchez is a professor at the University of Spain in Grenada. His research is on the politics of money and the constitutionality of money. He can be found on twitter
Music by Wreck Tech, who can be found on SoundCloud and Spotify.