By Bernard Lietaer, Jacqui Dunne
Because the usa struggles and the economies of Europe stagger, we fail to notice a manner out of this agonizing cycle of repeated monetary meltdowns. in truth, there are literally thousands of how one can resolve not just our routine economic crises yet our ongoing social and ecological debacles besides. options are already in position the place poor difficulties as soon as existed. The adjustments took place now not via elevated traditional taxation, enlightened self-interest, or govt courses yet by way of humans easily rethinking the idea that of cash. With this restructuring, every little thing changes.
In this visionary ebook, Bernard Lietaer and Jacqui Dunne discover the origins of our present financial system—built on financial institution debt and scarcity—revealing the astounding and infrequently surprising methods its subconscious obstacles provide upward push to such a lot of severe difficulties. yet there's wish. The authors current tales of normal humans and their groups utilizing new cash, operating in cooperation with nationwide currencies, to reinforce neighborhood economies, create paintings, decorate towns, and supply education—and a lot more is feasible. those real-world examples are only the end of the iceberg—over 4,000 cooperative currencies are already in existence.
The booklet offers treatments for demanding situations confronted by way of governments, companies, nonprofits, neighborhood groups, or even banks. It demystifies a posh and seriously vital subject and should strike a deep chord with readers desirous to locate cutting edge, significant strategies that may do way over restoration prosperity—it will give you the framework for an period of sustainable abundance.
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Example text
You’ll see,” replied the stranger, with a knowing look. A year passes and on another market day the stranger with the stylish hat returns, and from his vantage point he observes the village below. While sitting under the broad-limbed oak tree, he reaches into his knapsack and pulls out a silver canteen filled with a single-malt whiskey, takes a swig, savoring its peaty warmth at the back of his throat, and waits for the village folk to file past him with each family’s repayment of the eleventh round.
Perhaps one measure of someone’s social capital is the number of people who turn up for someone’s funeral and the caliber of their eulogies. This attribute is not trivial. It is the glue that transforms a collection of individuals into a human— or perhaps better still—a humane society. 7 These are possible only when a society has a sufficient sense of responsibility, mutual trust, solidarity, and cooperation. Responsibility and trust are essential for business and the market system to operate effectively.
The competition to acquire real assets, whether through PPP programs or the wealthy simply buying up whatever they can before currency gets devalued, leads to an even greater concentration of wealth as the deepening of privatization plays out. Ordinary people are less and less able to afford access to a local library, for instance, since what was once a public service now requires a subscription, like a membership fee to a private club. Additionally, pressure on authorities to sell their own offices will oblige them to pay rent for the offices that they once owned.