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Rodney Shakespeare
Trisakti University, Jakarta

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A Critical Realist Reading on The Banking & Interest Crisis Rodney Shakespeare
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 4 No. 02 (2026): Computing Consciousness
Publisher : Universitas Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v4i02.39

Abstract

This paper examines the ontological nature of modern money creation and the destructive socio-economic impacts of compound interest. It seeks to expose how the private banking sector’s monopoly on money creation through debt-entry mechanisms serves as a fundamental barrier to human rights, mental health, and ecological sustainability. Using a critical political economy approach and a socio-legal case study analysis, the research investigates the mechanics of fractional reserve and credit-creation banking. It specifically analyzes the correlation between usurious debt structures and social collapse, utilizing the Indian agrarian crisis (1997–2010) as a primary case study for the human cost of compound interest. The study reveals that approximately 95% of the global money supply is created as debt by private institutions, making "scarcity" a systemic artifact rather than a physical reality. The research identifies "Accumulated International Debt Syndrome" (AIDS) as a neo-colonial mechanism that prevents developing nations from achieving sovereignty. Furthermore, it demonstrates that "financial unviability" in green energy projects—such as tidal lagoons—is often a mathematical consequence of interest-based discounting rather than a lack of technological or resource feasibility. This paper bridges the gap between monetary theory and humanitarian ethics. By reframing 200,000 farmer suicides not as individual tragedies but as "systemic executions" caused by interest-bearing logic, the work calls for a paradigm shift toward debt-free sovereign money and the abolition of usurious frameworks to facilitate civilizational progress.
JOCRISE Paradigm, Methodology & Economics: an accurate view of reality Rodney Shakespeare; Simon Mouatt; Peter Challen
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 2 No. 1 (2023): JOCRISE: NEW PARADIGM PERSPECTIVES IN CRITICAL REALISM
Publisher : Universitas Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v2i1.41

Abstract

JOCRISE is embarked upon a project of universal, even cosmic, significance. Rejecting the outdated, inaccurate and static understanding of reality which underlies mainstream economics, the Paradigm provides a new, accurate and dynamic understanding of our changing world. The new understanding is not reductionist and encompasses many subjects (including history, sociology, psychology, religion, environment, anthropology, technology and epistemology). The result is an ability to find solutions for major global problems (e.g., persistent poverty, depletion of resources and environmental depredation) which, at present, appear to be insoluble. The Paradigm’s potency is comparable to that of the Copernican Revolution which overthrew the concept of an Earth-centred universe and replaced it by a sun-centred one with consequences including today’s political democracy (i.e., the vote) as well as modern astronomy and rocketry. Just as the Revolution introduced a new methodology for astronomy, so the Paradigm introduces a new Methodology for economics which:- establishes that mainstream economics is founded upon fifty nine false, outdated, interconnected assumptions about reality reverses the false assumptions whereon the reversals (or opposites) are easily seen to be true and can therefore form the components of the new Economics with hugely beneficial consequences. The ‘Great Reset’ is a phrase describing the proposals of the World Economic Forum which will concentrate all economic power into the hands of the few rather than putting economic power into the hands of the many. The Paradigm has areas needing development (see Appendix Two). Readers are encouraged to make the development and so forward the progress of the Paradigm as a whole.
A Critical Realist Reading on Global Poverty and Social Impact Rodney Shakespeare; Peter Challen
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 4 No. 02 (2026): Computing Consciousness
Publisher : Universitas Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v4i02.51

Abstract

This paper critically analyzes the socio-economic narrative of the "useless class" emerging from the discourse of the Fourth Industrial Revolution (4IR), as championed by the World Economic Forum (WEF) and figures like Yuval Noah Harari. It seeks to investigate how this narrative serves as a precursor to systemic exclusion and new forms of global authoritarianism. Utilizing a critical realism framework and political economy analysis, the study dissects the convergence of technocratic ideology, financialization, and digital surveillance. It maps the power structures of the "Global Asset Monopoly"—specifically the network of 147 companies controlling 40% of global wealth—to understand the structural drivers of human marginalization. The research identifies a transition toward "Digital Fascism," where Central Bank Digital Currencies (CBDCs) and social credit scoring function as mechanisms for total behavioral compliance. Furthermore, the study finds that immersive technologies like the Metaverse are positioned not merely as entertainment, but as tools for cognitive pacification to manage a population rendered economically redundant by automation and systemic poverty. By synthesizing the critiques of financialization with the psychological implications of the 4IR, this paper offers a unique perspective on the existential threat to human agency. It argues that the "uselessness" of humanity is not a technological inevitability, but a deliberate political construct designed to consolidate power within a hyper-centralized global elite.
JOCRISE PARADIGM: EDUCATION & FALSE CONTROLLING CONCEPTS Rodney Shakespeare; Peter Challen
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 2 No. 3 (2024): Israel-Palestine Conflict: Religious Element
Publisher : Universitas Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v2i3.59

Abstract

Education is generally believed to be the purpose of society.  Thus mathematical and linguistic skills are necessary for the production and consumption sectors of the economy thereby benefitting everybody (if only to some extent). Nevertheless, certain political and economic groupings within society only want to benefit themselves rather than everybody else.  They can do this via their supporters in higher education, think tanks and mainstream media who promote False Controlling Concepts which have underlying assumptions about reality all of which are claimed to be true.  The actuality, however, is the opposite and the falsity serves the economic and financial interests of the groupings while, at the same time, producing distortions, disorders, inefficiencies and injustices in society as a whole. Fortunately, the false assumptions can be reversed to create the JOCRISE Paradigm thereby enabling new solutions to major global problems
Co-Authors Peter Challen Peter Challen Peter Challen Simon Mouatt