Money Makes The World Go Round, Or Does It?

The role of money in society is incredibly important. It is what drives pretty much everything. We all work to get money and people kill for it, I appreciate they are two extremes but that’s now it works. Money is the root source of functionality on earth and if you don’t have money then you cannot properly function on the planet, it really is as simple as that.

This article will address whether money does in fact make the world go round or whether it is just an added extra that helps the smooth running of the planet. All that I know now is if money was removed as a means of exchange, we would be in a state of panic and war within a month.

People just wouldn’t know what to do and stealing for many would make the most sense, once money is removed then anything goes.

It is crazy to think about how the world was in the past compared to how it is now and the increased role money now has.

Business

The world of business is based traditionally on making as much money as possible. Businesses are vessels to create money for their employees and then to provide a service for it. I mean, it does make sense but are they really necessary? The answer has to be yes, money really is important, without business we wouldn’t be developing as a nation and world and without progression things start going wrong on a large scale.

It is important for businesses to crave money, it is what drives everyone else forward to try and achieve the same goals. The world is changing and the business world is too but money is still at the heart of it and I am afraid that is something that won’t be changing anytime soon.

There are many businesses out there that are designed to make the most of what business has to offer. Alok Oberoi is the head of a company called ACPI investments who basically advise businessmen on what to spend their money on. It is a large industry and it is fundamentally driven by expansion and monetary gain.

The Economy

The economy in the world is pretty unstable if you ask me and that is down to people’s greed. Money I believe is paramount to effective work running and people need to have a target to consistently aim towards.

The economy however is in danger of becoming a by-product of our greed, institutions, banks and governments also crave as much money as possible and that can sometime be detrimental to the world economy.

Simply Put, Yes

It really does make the world go round. The importance of money cannot be understated and I believe it is a good thing. The human mind needs something to work towards and if that is a financial gain then so be it.

The importance of money isn’t going to go away anytime soon and therefore it is important we all get to grips with its flaws.

 

About the Author

Jamie Thomas has been a writer about the economy for many years now. He graduated with first class honours from LSE and then followed his dream.

About Prof Janek Ratnatunga 1129 Articles
Professor Janek Ratnatunga is CEO of the Institute of Certified Management Accountants. He has held appointments at the University of Melbourne, Monash University and the Australian National University in Australia; and the Universities of Washington, Richmond and Rhode Island in the USA. Prior to his academic career he worked with KPMG.
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