Like the natural world itself, the community credit landscape is diverse and dynamic and will never be fixed in a single pattern. That said, it is possible to recognize three distinct cultures that have emerged among these systems so far.
They are LETS (Local Exchange Trading Systems), Business-to-Business (B2B) trading systems, and TimeBanks.
Each of these groups organizes somewhat differently and uses different systems, but they’re all premised on the same basic principle of mutual credit exchange.
A community credit facility results any time a group of people or organizations comes together and agrees to directly issue credit to each other for their own goods and services. (Some groups have a different way of describing this, but the result is the same.)
This is usually called mutual credit, and it’s the most democratic form of credit creation: we issue credit ourselves backed by our own promises to redeem it in the future. Organize these promises together, and you’ve got a bottom-up credit facility...
It's called Li-Fi and it may bring internet to half the world
Professor Harold Haas and his team have essentially unlocked what is known as "Li-Fi," or Light Fidelity and are using simple LED light sources to power their internet and deliver the information in one packet.
“The potential expansion to the internet is massive and my aspiration is that this broadband solar panel receiver technology for Li-Fi will help solve the challenges of the digital divide throughout the world," Haas says.
A prominent economist has a radical proposal for stimulating the economy: just add money to everyone’s bank account. It is crazy enough to work?
Adair Turner, an academic, policymaker, and member of the House of Lords, has another idea. In his new book, “Between Debt and the Devil: Money, Credit, and Fixing Global Finance” (Princeton), Lord Turner argues that countries facing the predicament of onerous debts, low interest rates, and slow growth should consider a radical but alluringly simple option: create more money and hand it out to people.
“A government could, for instance, pay $1000 to all citizens by electronic transfer to their commercial bank deposit accounts,” Turner writes. People could spend the money as they saw fit: on food, clothes, household goods, vacations, drinking binges—anything they liked. Demand across the economy would get a boost, Turner notes, “and the extent of that stimulus would be broadly proportional to the value of new money created.”
The figure of a thousand dollars is meant to be strictly illustrative. It could just as easily be five thousand dollars or ten thousand dollars—however much was needed to drag the economy out of the doldrums
Back in the early 2000's, “honesty, integrity, and respect” were the standard buzzwords in ethics discussions. In the intervening decade, “transparency” has joined that list.
Rising alongside a call for transparency is a wave of thought leaders, across all sectors, who are beginning to ask, “Transparency to what end?” Is it simply about regulatory compliance, or making funders and investors happy?
Or could transparency actually be an organization’s path to accomplishing its mission?
With the Citizen’s Income, also known as the Basic or Universal Income, everybody in the country gets given enough money to meet their basic needs every week, regardless of whether they are rich or poor, employed or unemployed. It replaces the complicated bureaucracy of much of the welfare state and would be funded through progressive taxation, or possibly a Land Value Tax.
Hearing the idea for the first time can cause many to splutter, especially those for whom the idea of something for nothing sends them into a blind rage.
Thanks to the tabloid obsession with ‘scroungers’ and the idea that taxing the rich will trigger Armageddon, there are many who will splutter quite profoundly at the Citizen’s Income.
Its arrival in the mainstream would have a similar impact to the first appearance of the Sex Pistols on British television in the 1970s...
“It was in 2002. The doctors had given up on me since there were several unsuccessful operations of three pigmented lesions on my face. Whenever they removed them, they would reappear even more infected!
Since I studied plants for years as a hobby, one morning, while looking at the wounds on the face in the mirror, I recalled a study conducted by the University in Virginia which stated that THC, the active ingredient of cannabis cures cancer. I took the previously prepared oil from cannabis from the cabin and applied few drops directly on the wounds.”- remembers Rick.
According to his own testimony, he did not feel that anything epochal occurred. He put the bandages over the wounds with cannabis oil and waited few days.
“After a few days I removed the bandages and I could not believe what I was seeing. There were no wounds anymore, and the skin wish pinkish as babies’ skin!
That same moment, I started telling people that I had cured skin cancer with cannabis oil. Everyone laughed, but 11 and half years passed by, and the cancer did not return”- explains Rick with a smile on his face.
Depending on who you read, the number of cutting-edge (non-drug) health professionals dying under suspicious circumstances varies, but is rapidly increasing. The last doctor, 59 year-old Mitch Gaynor MD, a personal friend, and regular guest interview, of TV Doctor Oz , supposedly committed suicide in his back yard of his country home.
Bullshit - Gaynor was at the top of his game. My thinking? Gaynor was murdered, openly, as a message for Oz. What message? "Shut the fuck up, or you're next."
Virtually every one of the doctors that died under "suspicious circumstances" have commonalities - the largest of which is an anti-vaccine stance. But that's not everything...
A very astute analysis by Leo Panitch, which gives historical background to the emergence of Syriza as a movement, and looks at the geo-strategic importance of this first victory against austerity politics.
Governance, business, and learning models are moving from centralized control to network-centric foundations.
For instance, coalition governments are increasing in frequency, businesses are organizing in value networks, and collaborative and connected learning is becoming widespread.
In these cases, collaboration (working for a common objective) and cooperation (sharing freely without direct reciprocity) flow both ways.
The networked organization trinity is based on the Triple-A organization, as proposed by Valdis Krebs. It is structured to take advantage of the complexity and noisiness of social networks, allowing information to flow as freely as possible, and affording workers the space to make sense of it and share their experiences and knowledge.
The underlying concept of the trinity model is that organizations and their people are members of many different types of networks, communities of practice, and close-knit collaborative work teams.
Under the Swiss Federal Constitution, if a petition gathers at least 100,000 signatures within 18 months, a referendum is held on the issue a few years later.
“In a nutshell, the proposal extends the Swiss Federation’s existing exclusive right to create coins and notes, to also include deposits.With the full power of new money creation exclusively in the hands of the Swiss National Bank, the commercial banks would no longer have the power to create money through lending.
The Swiss National Bank’s primary role becomes the management of the money supply relative to the productive economy, while the decision concerning how new money is introduced debt free into the economy would reside with the government”, reads the official website of the initiative.
In Switzerland, referendums are usually organised 3 to 5 years after a popular initiative succeeds. The proposals first have to be debated by the Federal government and Parliament. In case the Parliament decides to adopt a proposal into law immediately, the organisers of the initiative have the right to renounce the referendum, hence speeding up the implementation of the proposal. However, this is very rare case, as most initiatives are ultimately submitted to a nationwide referendum.
The recording industry used the courts to shut down Napster because they could. Napster had a single throat they could get their legal arms around, choking the life out of it. In a display of natural selection that would have brought a tear to Alfred Russel Wallace’s eye, the selection pressure applied by the recording industry only led to the creation of Gnutella, which, through its inherently distributed architecture, became essentially impossible to eradicate...
Yet another TED talk banned by the TED community due to the challenge it poses to mainstream science. The talk was done at a TEDx conference and aired on the TEDx YouTube channel for a period of time before it was removed due to its content.
It is quite clear why the talk was censored. It isn’t that it explores faulty information or even offensive topics, it is simply that it explores a topic that is greatly feared by mainstream medicine and science.
Graham brings light to the war on consciousness that exists in our modern society, especially in the western world...
Growing genetically modified (GM) crops will not be permitted in Scotland, Rural Affairs Secretary Richard Lochhead has announced as he moved to protect Scotland’s clean, green status. Mr Lochhead has confirmed that the Scottish Government intends to take advantage of new EU rules allowing countries to opt out of growing EU-authorised GM crops.
Just as industrial society became a society of corporations, it developed into a society of employers and employees. These were two different ways of looking at the same phenomenon, jobs. Almost all economic theories have made, and still make, the same assumption: the employer — employee relationship is necessary to create jobs. We have taken that relationship as given.
Traditional management thinking sets employee goals and business goals against each other. The manager is free to choose the goals, but the employee is only free to follow or not to follow the given goals. This is why employee advocates mainly want responsible firms, nothing else, and the management of those firms wants skilled employees who do what they are told, nothing else.
The other assumption that is taken for granted is that it is the independentemployer/manager who exercises freedom of choice in choosing the goals and designing the rules that the members of the organization are to follow. The employees of the organization are not seen as being autonomous, with a choice of their own, but are seen as rule-following, dependent, entities. People are not really people, but resources.
We are as used to the employer choosing the work objectives as we are used to the teacher choosing the learning objectives. The manager directs the way in which the employee engages with work, and manages the timing and duration of the work. This image of work is easy to grasp because it has been taught at school, where the model is the same.
We should ask whether the current social construct of jobs is inevitable, or whether it is a social artefact that is over 100 years old, and should be redesigned.
In this interview, Neal Gorenflo (founder, Shareable), Michel Bauwens (founder, P2P Foundation), and John Restakis (author, Humanizing the Economy) speak with Enric Duran. Duran is a Catalan anti-capitalist activist, best known for his act of “financial civil disobedience” announced on September 17, 2008, in which he took out half a million Euros in bank loans and distributed the funds to anti-capitalist movements. As it was never his intention to pay these debts, but instead to stir debate about the unfair legal advantages afforded to the powerful financial elite, he was soon labeled “Robin Banks,” and faced with a lengthy prison sentence. The resulting legal actions and his subsequent seclusion have left him living virtually underground, although he maintains selective contact and has stated that he may return, contingent on a variety of factors. Despite his precarious legal status, his work continues undiminished in the Catalan Integral Cooperative (CIC), which describes itself as a “transitional initiative for social transformation from below, through self-management, self-organization, and networking.” Here is Enric Duran talking about his work and life.
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