Tuesday, March 27, 2012

Of Financial Institutions & Social codes

Financial institutions (banks, investment companies, stock markets, etc.) have flattened peoples lives by sucking in all their money at their nascent ages making them think of their lives 20 years later. What financial institutions do is that they create within people's minds fear of the future. They always project people's futures as negative - completely blanketed with health problems, social problems and emphasizing the negative projections of today's world. Through this they are able to construct a story where life seems unmanageable at the beginning, which when mediated by these institutions assumes a positive end. Financial institutions do not allow you to take any risks. They flatten your life. Your life is made uni-dimensional. One track - where you are projected to be in a bad state and vulnerable to all possible harsh effects of life. So we never live the present but think of 20 years hence. This is not to say that we must not anticipate our futures. But the proportion of our resources that we allocate for 20 years hence may seem questionable.

In this process, it is only the financial institutions that reap the benefit of our money, giving us a paltry sum out of their profit. Are we such timid people who donot have ideas to do more creative things with our money? These financial institutions have created a hegemonic (subconsciously dominating) condition where their web of difficult descriptions of life do not allow us to be or think creatively. We get caught in our 'constructed'/'projected' difficulties even if our life may be much better. They stunt our creative growth as creative individuals. They suppress our enthusiasm. They restrict our dreams. On of the biggest problems of our society is that we do not appreciate dreamers - or people who have the capacity to dream.

Measured risks form an essential part of our life. Financial institutions create within us fears of failure. They choose moral ethical and social tactics to target their audience. They would talk of family values and the assumed responsibility of a son/daughter towards his/her family and make them conscious of their roles. One doesnot need to be burdened by such roles but take it up willingly, naturally. Financial institutions force it upon us and make our family relationships formal. Money becomes, quite absurdly, the medium that ties us to our family members more than relationships...these misplaced notions have to be critically considered. They create frictions and unnecessary tensions that donot need to exist within a familial setup.

And what can financial institutions do for a person losing ones life any way? In the middle class, how many people really lose lives because of lack of money? I guess middle class people do have strong networks to sustain themselves of such eventualities. Here too, the financial institutions create an image of 'awkwardness' that one 'should' feel while borrowing money from their own friends and relatives. Every person in a middle class setup understands each others' needs and the financial institutions almost project it as profane. In  other words, money and its virtual lack (as created by such methods) creates a completely new social and moral code of behaviour. It is internalized and you are forced to follow it - that is hegemony. I wonder if one person shall be ever able to challenge it.

But essentially, one needs to keep a check of inflation - thats the reason one must make a basic investment. Other than that, it's paying someone else to fiddle with your money. And on top of that, we get into countless amount of paper work and maintaining documents. There may be exceptional stories, no questions regarding that. There may be cases where such systems help. But I strongly feel it's over emphasized and becomes deterrant - because it is almost like a fever that grows on to you...

1 comment:

Manish Mishra said...

I would really like to hear an example for all your claims...

How you came to conclusions...