14 March 2007

A tale of two bank notes

This has been a big week for notaphilists everywhere not only has Iran issued a new 50,000 rial note depicting electrons orbiting an atomic nucleus but the United Kingdom has released its new £20 note with a picture of the greatly mis-understood Adam Smith.

So the question is which of these two symbols has done or will do the most damage to mankind? Outside of the bombing of Hiroshima and Nagasaki the damage so far wrought by atomic energy has been limited to a handful of accidents at power plants. However, the doctrine of Mr. Smith, as currently mis-interpreted as a wild West kind of absolutist capitalism is which the "wisdom" of the market is valued above all else has led to poverty and financial enslavement for hundreds of millions of members of mankind.

Clearly atomic energy has dramatic potential to be the worst but at the moment my money is on the unfortunate Scot.

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