"the darkening outline of an ever more serious world disorder"

From John McMurtry (1997) at bsahely.com:

From 1950 to the present, for example, net revenues from lending money in the U.S. have multiplied by almost 300-fold. This is more than 10 times the rise of G.N.P. over the same period, and nearly 25 times the rise in the total farm income of the the world’s greatest food-producing economy.³ Elsewhere interest demands on national economies have been even more extreme in their exponential rise. Between just 1980 and 1994, real interest demands on less developed countries multiplied by 16-fold from their 1975-79 average.⁴ If we reflect on these figures, we see the darkening outline of an ever more serious world disorder. Turning money into more money for money lenders has invisibly become the ruling imperative of the planet, drawing ever more revenues from productive use for human beings into the decoupled money sequence of usury.

The lethal mutation in the money sequence of value occurs when money demand is no longer a phase within the circuit of the production of society’s goods, but is exclusively committed at every stage of its growth only to the multiplication of itself. Instead of any productive function in the metabolism of money through the medium of use-value to more money, there is only the metabolism of money to more money without any conversion to use value in the circuit.

I didn't check his numbers, but they do show the problem.

And let me point out that McMurtry predicted "an ever more serious world disorder" in 1997, eleven years before the financial crisis that festers to this day.

 

Wikipedia says of McMurtry:

In The Cancer Stage of Capitalism, 1999, he claims a propensity of human societies to assume the social order in which they live as good however life-destructive they may be, focusing on financial capitalism as displaying the hallmark characteristics of a cancer invasion at the social level of life organization. He conceives "the civil commons" as a social immune system.