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The question: What economic system would really benefit humanity?

Guardian Economics 26th January 2009

At moments of crisis in the system it becomes possible to ask what money is for: what and whose purposes our world economy should serve. It seems obvious that money should serve humanity, rather than the other way around, but this in turn opens up a snakes' nest of new questions. Which of our own multifarious and conflicting aims should money serve? Is it just there to let us consume all that we can and preferably more? Or is there some way to use it to coordinate individual efforts for the good of all? Are there any moral principles which might protect us from crashes and slumps or is this purely a technical question, to which ethics has nothing to contribute?

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