ABSTRACT

This chapter reviews some point on financial evolution's history humanity to arrive at the threshold of a new kind of economic reality. It looks at the global financial crisis not in order to explain it, to say what it is, but only to describe what it might represent. What ifs are the stuff of economic and financial planning. The chapter considers the global financial crisis in the light of one of Rudolf Steiner's key ideas. The global financial crisis has prompted much moralising and seeking to apportion blame. The underlying fact and presence of a one-world economy, has been the cardinal feature of economic life ever since, despite the persistence of economic nationalism and even economic imperialism throughout that time. The excess liquidity of today is not a phenomenon in the abstract. It is the crown or flower of processes that have been long in train, culminating in the financial liberalisation of recent times.