Post by hasan77 on Feb 15, 2024 0:30:03 GMT -5
Needs seriously, which also means that benefits and risks are shared equitably. So let us start with what citizens can do. First, citizens can create means of exchange that take on some of the functions of money, and determine the rules governing their circulation. Generally, central and private banks enjoy the privilege of creating money, which is one of the factors leading to the accumulation of wealth in the hands of a few.
The attempts so far to create alternative systems of exchange, like community currencies, are generally small or specialized, but they can have significant benefits for the participants and demonstrate how we might redesign the institution of money on a large scale. Second, citizens can use their money to invest in enterprises they Fiji Email List wish to support, providing mutual benefits to the entire community. The investment fund for local sustainable food production in Freiburg, Germany, and civic crowdfunding by Spacehive in the U.K. both focus on investment. The first example uses money as savings, while the other seeks only nonfinancial returns on investments.
Third, citizens can pool their money as well as their time, skills, ideas, and knowledge in order to provide mutual financial security. Sickness and old age are two of the main financial risk factors we all face. The Fureai Kippu time banks in Japan address these issues. It is a case where a successful social welfare system has been established to ensure financial security in case of illness and old age. What can businesses do? They can provide mutual credit as a means of exchange, and facilitate mutually beneficial trading relationships, both of which tend to increase stability in the face of economic downturns.
The attempts so far to create alternative systems of exchange, like community currencies, are generally small or specialized, but they can have significant benefits for the participants and demonstrate how we might redesign the institution of money on a large scale. Second, citizens can use their money to invest in enterprises they Fiji Email List wish to support, providing mutual benefits to the entire community. The investment fund for local sustainable food production in Freiburg, Germany, and civic crowdfunding by Spacehive in the U.K. both focus on investment. The first example uses money as savings, while the other seeks only nonfinancial returns on investments.
Third, citizens can pool their money as well as their time, skills, ideas, and knowledge in order to provide mutual financial security. Sickness and old age are two of the main financial risk factors we all face. The Fureai Kippu time banks in Japan address these issues. It is a case where a successful social welfare system has been established to ensure financial security in case of illness and old age. What can businesses do? They can provide mutual credit as a means of exchange, and facilitate mutually beneficial trading relationships, both of which tend to increase stability in the face of economic downturns.