The Institute For Living

Tag: money

Bankruptcy

by on Apr.04, 2011, under Core Values, News Commentary, Politics/Economics, Spirituality

Blockbuster Video has come to be the generic for at home entertainment over the past few decades, yet there is now talk of that company going bankrupt. New trends in media and entertainment have perhaps shifted the dynamics of the market such that it can no longer be profitable with its business model.

But bankruptcy is not new, many successful companies and individuals have declared bankruptcy at one point, and moved on to reinvent themselves. Among the field of our potential presidential candidates, one is reported to have declared bankruptcy more than once, and another could be declared morally bankrupt by virtue of his integrity.

Indeed, in the recent economy — marked by massive layoffs, a mortgage crisis, runaway health care costs, and unsustainable credit — bankruptcy is an inevitable part of the individual and corporate fabric of our lives. Neither the principals nor the creditors are the real beneficiaries; the accountants and legal staff are the winners.

So deep is this structural, not cyclical, malady that its ripple effects are felt throughout communities. Those collective effects render states and our federal government (and, in turn, the world economy) pushing up against a ceiling that is not ideological, political or philosophical.

This crisis calls into question the core function of money. At its root, is money a medium of exchange, or is it a determinant of value? Does money, in fact, have the quintessential role to determine worth?

There is a powerful relationship between variables, and when that relationship is breached,  eternal damage is done at soul level. Priorities are misplaced, intentions are misguided, and behaviors are not authentic.

Unexpected tragedies can bring death at any time. When we trade the currency of life for the currency of eternity, what will we offer? Will we be full, or will our coffers be empty?

We may have amassed great material wealth; built estates around the globe; perhaps even bought an island or two; but when our sunrise turns to sunset, how will we answer the call?

Will our currency be good in eternity?

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