This book really opened my mind to to understanding the world and learning to prosper! Grunch of Giants Chapter 1
This chapter answers the question “who is the Grunch of Giants“? In short, Fuller explains that the Grunch of Giants is a “invisible, abstract, legal-contrivance army of giants” whose sole objective is profit. Grunch of Giants Chapter 2
This chapter explains the evolution of man from a
primitive man who began using basic tools to hunt food to the “astro-age” man who has developed complex technology. Fuller poses a very interesting and enlightening view of man’s progress. Grunch of Giants Chapter 3
In chapter 3 of Grunch of Giants, Fuller asserts that through history wealth was traditionally tied to the ownership of man. There is no better place to see this than in the feudal kings who owned the land and let it out to the peasants at a very large fee. Later in the 16th century, the corporation was born. Wealth no longer was limited to land but was now owned and controlled by legal entities which spanned oceans and international boundaries. The advent of the corporation made possible a new era of technology and economic venturing and also resulted in the number of humans involved in these ventures multiplying to very large numbers. We see in the birth of the corporation the framework in which the Grunch of Giants operates. Grunch of Giants Chapter 4
Grunch of Giants chapter 4 explains that the Grunch of Giants exploits the U.S. government to develop the technology by which it profits. Yet the Grunch is so subtle in “stealing” this technology that nobody knows about it and the real losers or exploited class are the U.S. Grunch of Giants Chapter 5
The Grunch of Giants uses inflation to make money. The Grunch of Giants does this in two ways: 1) by unilaterally increasing prices, and 2) using the U.S. government’s Federal Reserve as a tool to control interest rates and inflation. Grunch of Giants Chapter 6
Fuller explains in this chapter that money is not wealth but rather wealth is the “organized technological capability to protect, nurture, educate, and accommodate the forward days of humans.” And humans have the capacity through their creation of technology to eliminate world hunger and have a universally very high and adequate standard of living. Hence the world is one of abundance and not of scarcity. The problems we face come from greed and destruction of productivity through war.
