ABSTRACT
The corporate economy is marked by occurrence of crises, one after another, and evolutions that stem out of necessity the crisis creates. In its present phase of the global financial circuit, the Final Circuit, it has possibly reached the end of its journey. It is no longer at the edge of a crisis, but perhaps at the edge of devastation. Only through some revolutionary changes in its structural construct – in charging profit, interest-bearing debt financing, and retained profits by the companies –may we avoid economic devastation. Charging interest on money loans and making profits through buying cheaper and selling dearer were not in practice in human society over thousands of years; they came about four hundred years ago as matters of economic constructs. The circuit now lives not in the present, but on the future. Every economic gain necessarily accompanies a loss. In its fictitious construct, creation of financial wealth also means creation of financial debts in the system. All debts are claims on the future. Can we presume everlasting economic growth to bear it? The present is now as the future, contrary to a common misquote of Keynes that in the longer run we are all dead.
