Privacy Policy | Terms and conditions

By:ManishDate:2018-10-30

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If you see through eyes of ethics you would find that banks are way more important for any economy, way more than even the government. This may sound really hype in first reading, but if you think on a whole economic model you would find that there is no other institution which is doing as relevant work as banks.

A bank is not just a place where money is stored and secured, in fact in a sense it is a place where whole value of the nation is preserved and secured. Let us see how.

We all know that for doing any work in today’s world integrity is must. No one can do, or create anything without the help of others. It may be a matter of choice that in what form he/she takes this help. Whether it is in form of physical work, or mental, or in form of some machine or fuel. We all are a part of society which we call as world. In today’s global economy a person living in villages of India is dependent on some white collar worker working in UK in some way or the other.

And when capitalism is mixed with this socialism we can see that every help become valuable in terms of money. The value of money gives value to every other commodity and services. Let us see how it works. Let it be government project or a private business, a work cannot become valuable unless it is done on credit. We understand that government is not aimed at earning profit. It is more aimed at doing development work and keeping law and order, and finally collecting taxes. This tax money is also deposited in banks just like in the case of any other private business. Contractors and private businesses also do government projects taking this money as credit and repaying it after the project is completed, the little difference is that they also keep their own profit margin. Government officials are overseers who keep eyes on these projects to prevent corruption.

In other words we can also say that government act like an engineer who gives contract and also look over the work. This definition is based on concept of treating social work as engineering or more specifically social engineering. The value of such work is managed by banks. Now let us see in case of some market or shop. A shop owner also takes credit from the bank to do service; the shop or market owners take revenue in form of cost price or profit and pay the credit of the bank.

But we are aware of the fact that all the materialistic developments depreciate overtime, this is a law of nature. Nothing can exist always, the roads build will cease to exist and the bridges will fall down one day. But banks preserve their economic worth in form of money. They preserve its value. Remember that material is not the value, value is inside the material. It is fixed inside the material. It is something cognitive, something in our feeling and our imagination, and that is what the bank is aimed at protecting. This may also mean that the bank is aimed at protecting the knowledge, or the form, or the shape, whatever you call it.

But wait the cognitive value cannot be fixed without material, for example a story needs pen and paper to be expressed, or may be some other audio or video mediums. But it needs to be fixed. So every value needs material as well. Shopkeepers do take price for that also, government collects goods tax along with service tax. Here comes the role of military that claims to protect the natural resources of a country. This is why Government protects land. This protection expenses are also credited by banks and is repaid by taxes from people

But now a day we have global economy, so do we really need government to protect material or environmental resources? Do we really need military? Probably the nature is itself capable of protecting its resources. So it can be said that goods tax is there to protect political law not the natural resources. From Science we also know that matter is conserved, it changes form but never destroyed. This clearly means that natural law protects it. This again also mean that we or our bank is, again, just protecting cognitive subjects related to human mind and in name of matter it is just protecting the laws made by human themselves. Banks are just protecting human knowledge though we don't know whether that knowledge is even true or not, whether it is relevant or irrelevant. But at least it works for us. But when we look at the heap of the debt that we have created, we can guess that maybe that knowledge is not working for us. We are wrong somewhere or else it would not have proved us wrong.

So as far skill and knowledge is concerned we know it is beneficial for our living so we are interested in protecting it. But why are we protecting the law? We are not responsible for saving nature because as we said above that nature saves itself. This mean we are just protecting our region, our nation, that is why our government is collecting tax on natural resources as well, in order to protect our region our nation our sovereignty, we are protecting our law, but why we cannot have single law for humanity? Simply because we have our tradition, our own culture, our history, our memories for which we are proud of. As we already said that the natural role of bank is to create and preserve identities, and our history plays a very important role in creating our Identity. So we can think it as our ways to protect our history

But one may question whether identity is really so much important that we ended up creating search a heap of debt on us for it. Probably yes anyone who has experienced death of dearest one must be aware of this. Now a days we can collect every aspect of the deceased like his/her photographs, stories about him, his achievements, his work, family everything through various audio and video mediums. But we still cannot recreate his true or complete identity and this really becomes very painful experience. Humans, somewhere deep in their mind, are aware of this pain. Also, we feel somewhere the death is permanent this makes identity is valuable these experiences have created a desire and need for preserving identity in us. We can say that fear of uncertainty about death creates a need for identity inside us. Nation creates its identity majorly through politics, even a shop creates its identity through business, and all these mediums use the idea of keeping records just as bank does. So these all factors make the bank crucial for an economy.