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Currency as a commons - currencies that work!

Currency as a commons - currencies that work! | The Next Edge | Scoop.it

Currency as a commons - currencies that work!

Increasing awareness is existing that 97% of money is created by private banks as they issue loans to us, and because almost all money is created through instruments which require repayment and interest, there is always more debt than money. Loans are issued to serve economic activity, and as such a growth imperative is created which purports the need to increasingly exploit (commodify) more of life, of resources, to pay back the interest on the debt.

 

Redesigning the role of Money and redesigning Currency as a commons

 

A second approach then wants to redesign the role of money, or to redesign money itself as a commons. The first would be happening by money not being issued by private banks, but by the state, and geared towards common goals and objectives set by the community of users, its citizens. The second angle then is concerned with redesigning currency itself as a commons, poses as a central question, how do we design currencies to foster human relationships?


Out of the experiences of the development process around Helsinki Timebank another angle was discussed in the workshop, namely that of the development of a currency as a pedagogical process, bringing people together to learn and engage in commoning (the co-governing and carrying of responsibility for our currency commons).

 

via @knowledgEnabler

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What if money was no object?

Ask yourself. What would you do with your life if money was no object?


An amazing lecture from the late Alan Watts.


Music Used: Ludovico Einaudi - Divenire

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"Quests" as organizing principles

"Quests" as organizing principles | The Next Edge | Scoop.it

Summary: "Instead of organizing people into "functions" we may take a cue from some of the greatest games, and organize around "quests". That may sound very designed, but what it means is ad hoc, problem centric organization in which people are allowed to organize themselves around what they perceive to be meaningful, important problems in need of solving."

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The Industrial Age is Dead - Time is the New Money

The Industrial Age taught us to value money above time. Giant Corporation, Inc. wanted you to focus on making money, not on having time to do anything with it. They needed all your time to run the machines. In the 21st Century we will understand that riches may equal money, but wealth equals freedom – the ability to choose what to do with my time. We will understand that money does not give us freedom, only time can do that.

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Dibyendu De's comment, December 7, 2012 12:26 AM
The other shift that must happen if we were to change this paradigm is Energy Management and not Time Management.
Dibyendu De's comment, December 7, 2012 12:27 AM
The other change that must happen if we are to change this paradigm is Energy Management and not Time Management.
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Brave New Bank? BRICS moot dropping dollar, IMF

The BRICS summit has wrapped up in India. Creating an alternative global lender and stepping away from the dollar as a reserve currency were among their main objectives...

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Douglas Rushkoff, "Radical Abundance: How We Get Past "Free"

From Web 2.0 Expo NY 09

 

shared by Cassandra Rose @casrose10

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