ABSTRACT

This chapter argues that the most pressing issue in thinking about money in general and financial inequality in particular is an understanding of the current social contract. It argues for a new social contract, one based on what money really is and how people really use it. While there are no illusions that the simple rewriting of long extant proverbs will have any impact in the world, it is important to describe an alternative ideological money world. The chapter argues that new proverbs can underpin a rewritten social contract, and explains why it makes sense to see the rewritten proverbs as relevant to the social contract. According to the rules of contract law (as they operate in common law traditions), holding citizens to the terms of the neoliberal capitalist social contract is not acceptable. The chapter also highlights the three elements of contract law: consent, equality and accurate representation of what is being agreed to.