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  • Essay / Why Money Rules the World

    Table of ContentsHistorical PerspectiveEconomic DominanceSocial InfluencePolitical ControlEnvironmental ImpactConclusionReferencesMoney Makes the World Go Around. Throughout history, money has been the engine of progress and human development, shaping economies, societies and political landscapes. This essay aims to explore why money rules the world and its implications. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Historical Perspective Money has been a key element of human civilization since ancient times. According to the British Museum, the first coins were minted in ancient Lydia around 600 BCE, marking the beginning of monetary systems. Economic systems have been shaped by the concept of money, from the barter system to the development of sophisticated financial instruments and institutions. Money has always been associated with power, status and control, emphasizing accumulation and wealth. Economic Domination Money has led to significant economic disparities between individuals and nations. According to the Global Inequality Database, the richest 1% in the world own 43% of the world's wealth, highlighting the wealth disparity perpetuated by money. Additionally, money allows countries to wield power, influence policies, and determine market dynamics. Financial institutions, such as central banks and multinational corporations, are controlled by money, which shapes global economic trends and impacts the lives of billions of people. Social influence Consumer behavior, preferences and standard of living are driven by money. The American Psychological Association points out that consumerism driven by the pursuit of material wealth has led to negative psychological and environmental consequences. Additionally, money defines social hierarchies, creating divisions and inequalities. Access to quality education and health care is determined by financial means, perpetuating social disparities and impacting social mobility. Political Control Money influences political decisions through lobbying and campaign donations. According to a study by the Center for Responsive Politics, the total amount spent on lobbying in the United States in 2020 was more than $3.5 billion, illustrating the significant influence of money on political decisions. Money-facilitated corruption undermines democratic processes and institutions, thereby affecting the integrity of governance. Governments formulate policies based on economic interests and financial considerations, often prioritizing the needs of the wealthy over those of the general population. Environmental Impact Money-driven industries deplete resources and harm the environment in their quest for profit. The United Nations Environment Program reports that profit-driven exploitation of natural resources has led to widespread environmental degradation. Climate change, a pressing global problem, is often approached based on financial considerations, leading to inadequate responses and unsustainable practices. The impacts of environmental degradation disproportionately affect marginalized communities, highlighting the inequalities and vulnerability perpetuated by money-driven systems. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a trial :/.