Monday, February 16, 2009

If America is in debt, then isn't every American in debt?

This semester I'm taking sociology and learning about all of the social problems in America, including corporate America.  One thing that I have been noticing is the amount of debt that it seems like the middle and lower classes in our society are facing.  During this time, it is even more of a pressing question: How do we get out of debt? Oh!! and wait, isn't America as a whole in debt?  I believe was around $48 trillion in 2007.  How are the individual citizens of America suppose to get out of debt and does this mean that every American is in debt as well?
I was having this argument with my room-mate and he showed me an interesting perspective on this whole "money" thing.  The video is called Zeitgeist.
It's really long, but what it basically says is that money isn't real, it means nothing.  This boggled me.  How is money not real? Isn't that the goal that almost everyone in our society is set on accomplishing?  I'm not saying that I believe in this "Zeitgeist" video, but it did present some interesting arguments.  Now, Siegel would argue that this video is just the king of rubbish that is clouding the internet and causing the downfall of humanity, but isn't it just another idea that overall contributes to our society?  I think that videos like this one are necessary in order to have a truly free sense of "America."  Why shouldn't everyone be able to make a video just like it to present their ideas?

2 comments:

Anonymous said...

I would like to see the video but if it's long, I don't have time. Still, I am guessing that the point about money not being real could mean that people use the Internet to transfer billions of dollars in a few keystrokes, and they don't think about the reality of that money. People bought houses that were not worth their prices with money they didn't even have. Barbara Ehrenreich (remember her?) is probably having the last laugh now over how all the crooked hedge fund operators are now bankrupt and jobless, and headed for jail!

Claire said...

I think this is very interesting because I have never really thought about money not being real. How would people buy things or what would they get if they sold things. This seems very interesting because the debt is from the amount of money that the United States is in debt. Your argument is there, but I think it could be developed more.