Local Currencies, Local Investment, and the Emerging New Economy
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Local Currencies, Local Investment, and the Emerging New Economy
Local currencies and the emerging new economy
Curated by John Boik
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Brazil shanty town in local currency drive to boost trade

Brazil shanty town in local currency drive to boost trade | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Brazil's poorest neighborhoods are encouraging locals to use community currencies in a bid to increase trade and prevent money from leaving the community (Brazil shanty town in local currency drive to boost trade: Brazil's poorest neighborhoods are...
John Boik's insight:

Local currencies in Rio de Janeiro shantytown communities

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Worker-Owned Co-ops Get $1 Million in NYC Spending

Worker-Owned Co-ops Get $1 Million in NYC Spending | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
New York City's newly approved budget allocates $1.2 million for developing and supporting worker-owned cooperative businesses. (Worker-Owned #Co-ops Get $1 Million in NYC Spending by Liz Pleasant — YES!
John Boik's insight:

Funding will support the creation of 234 jobs in worker cooperative businesses

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New Book Sets Path to End Poverty, Achieve Higher Employment, and Democratize Economies through Local Action

New Book Sets Path to End Poverty, Achieve Higher Employment, and Democratize Economies through Local Action | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Houston, TX, June 24, 2014 /24-7PressRelease/ -- Proposal intended to produce big economic gains for cities, small businesses, nonprofits.
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Proposal intended to produce big economic gains for cities, small businesses, nonprofits.

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The open source revolution is coming and it will conquer the 1% - ex CIA spy

The open source revolution is coming and it will conquer the 1% - ex CIA spy | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Nafeez Ahmed: The man who trained more than 66 countries in open source methods calls for re-invention of intelligence to re-engineer Earth
John Boik's insight:

Steele is author of The Open Source Everything Manifesto

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payment21® blog » Complementary Currencies Entering the Digital ...

How Bitcoin Can Bring Complementary Currencies Back Into the Spotlight. Complementary currencies have long played a vital role in the history of money. In an era in which digital cash is rapidly gaining ground, ...
John Boik's insight:

Bitcoin as a common currency among a multitude of community currencies.  Perhaps other approaches would work as well or better.

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Dancing Rabbit’s Exchange Local Money System: The Promise of Local Currencies and Interest-Free Financing - Fellowship for Intentional Community

Dancing Rabbit’s Exchange Local Money System: The Promise of Local Currencies and Interest-Free Financing - Fellowship for Intentional Community | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Local Currency | Digital Currency | Dancing Rabbit Ecovillage's ELM System (Dancing Rabbit ecovillage's complementary currency has the one of the largest market capitalisation of all in the US http://t.co/T03WWOtRBH)...
John Boik's insight:

"...having $94K in circulation makes the ELM System one of the biggest local currencies in the United States"

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We're losing faith in global change as local causes boom

We're losing faith in global change as local causes boom | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Lucy Siegle: We've grown sceptical of big-picture environmentalism. A greener future lies in 'just doing it' at grassroots level
John Boik's insight:

The path to global change might come through the actions of cities and local regions. Local action is at the heart of the LEDDA framework.

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The Return of Local Currencies

The Return of Local Currencies | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
The past decade has seen a resurgence of these boosterish bucks. But do they actually redirect spending to mom-and-pop shops instead of big box stores and online retailers?
John Boik's insight:

The full potential of community currencies has not yet been reached.

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Could community currencies produce a more sustainable financial system?

Could community currencies produce a more sustainable financial system? | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Banks and the EU are becoming interested in currencies such as the Bristol and Brixton Pound but, Tim Smedley asks, what exactly is the point of them?
John Boik's insight:

Community currencies gaining more attention around the world.

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A New Paradigm in Economic Thinking - Principled Societies Project

A New Paradigm in Economic Thinking - Principled Societies Project | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Communities worldwide want economies that are stronger, greener, fairer, more resilient, and more diverse. Jobs must be created, climate change Continue Reading →
John Boik's insight:

A free PDF of the book can be downloaded at our website.  Be sure to sign up for the newsletter.

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Community-Based Investing: A Higher Evolution of Crowdfunding - Forbes

Community-Based Investing: A Higher Evolution of Crowdfunding - Forbes | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
A radical transformation has been taking place over the last year – forever redefining what it means to be an investor in America, and bringing investing into the Internet Age.
John Boik's insight:

Author says "the most socially transformative part of crowdfunding will come from the power of local or community-based investing." This is exactly what Principled Societies Corporations are about.

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A libertarian nightmare: Bitcoin meets Big Government

A libertarian nightmare: Bitcoin meets Big Government | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
The hype has never been hotter for the Internet's No. 1 virtual currency. Is this the beginning of the end?
John Boik's insight:

While Bitcoin has some interesting characteristics, it also has several major drawbacks compated to the Token Exchange System. One of these is transparency. As the article states, "Bitcoin is made for people who don’t want other people to know what they are doing."  This is not helpful for building trust and community.

 

Transparency is essential if we desire a just and sustainable monetary/financial system and strong communities. The token system is radically transparent and designed from the ground up to enhance public well-being.

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Resilience in a downturn: The power of financial cooperatives

Resilience in a downturn: The power of financial cooperatives | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
RT @CoopsYear: Resilience in a downturn: The power of financial cooperatives. Download copy of the study by Prof. Birchall: http://t.co/3kpw3j1AKj
John Boik's insight:

Financial co-ops have remained stable across regions of the world during times of economic stress while indirectly creating employment

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Local, self-sufficient, optimistic: are Transition Towns the way forward?

Local, self-sufficient, optimistic: are Transition Towns the way forward? | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Locally grown food, community-owned power stations, local currencies … can small-scale actions make a difference?
John Boik's insight:

Hopkins: "There is no cavalry coming to the rescue, but what happens when ordinary people decide that they are the cavalry?"

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Center for Planetary Culture | Can Corporations Make the Big Pivot?

Center for Planetary Culture | Can Corporations Make the Big Pivot? | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Center for Planetary Culture advances new ideas and solutions to today’s most challenging ecological, social, and political issues.
John Boik's insight:

"The deeper paradigm shift would be from competition to cooperation, or from late-stage capitalism to what John Boik of the Principled Societies Project calls 'economic direct democracy'."

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Brixton Pound uses BLE to let residents pay local businesses with their mobiles - NFC World

Brixton Pound uses BLE to let residents pay local businesses with their mobiles - NFC World | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
NFC World Brixton Pound uses BLE to let residents pay local businesses with their mobiles NFC World Businesses across the London district of Brixton are to be equipped with Bluetooth beacons that will allow residents to make mobile payments using...
John Boik's insight:

Paying for goods and services with community currency using a smartphone.

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How Farmer's Market Friendly Is Your State?

A 2014 locavore index ranks states based off of their commitment to providing local food. (Great news! http://t.co/mFc5bEh1n6)
John Boik's insight:

I'm in Texas, and uggg...we are last in the list.

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One Bitcoin group now controls 51% of total mining power, threatening entire ... - ExtremeTech

One Bitcoin group now controls 51% of total mining power, threatening entire ... - ExtremeTech | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
SlashGear
One Bitcoin group now controls 51% of total mining power, threatening entire ...
John Boik's insight:

Bitcoin is popular, and interesting.  But other approaches might have more social merit.

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Can Complementary Currencies Level the Gender Gap in Slums?

Can Complementary Currencies Level the Gender Gap in Slums? | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
While we can't claim 100% of this increase is due to the program, based on interviews, we believe much of it is due to greater liquidity and stability of the market created by the complementary currency, which is especially ...
John Boik's insight:

Community currencies in Kenya show promise.

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The current economic model: a destructive social construct?

The current economic model: a destructive social construct? | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Jo Confino: We need to acknowledge that the economic system is a belief which can be restructured to benefit the planet
John Boik's insight:

Towards transforming, rather than tempering, the destructive capacity of the current economic system.

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My suggestion for solving our euro woes? Back-up currencies

My suggestion for solving our euro woes? Back-up currencies | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Leander Bindewald: Smaller alternatives such as Greece's TEM could bolster, rather than undermine, a single currency that has proved inadequate to serve southern Europe
John Boik's insight:

"Allowing a range of new currencies for regions or sectors where the single currency is failing to do its job does not mean the end for the euro; in fact the new currencies would help to facilitate exchanges where few would occur otherwise"

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In Sign of 'New Economy' Rising, Vermont Bill Champions Worker ...

In Sign of 'New Economy' Rising, Vermont Bill Champions Worker ... | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
(Photo: Amit Gupta/ Creative Commons)Worker-owned co-ops got a boost on Monday when Independent Senator Bernie Sanders unveiled an initiative in Vermont that champions what many call "the new economy." “At a time ...
John Boik's insight:

Cooperatives get a boost in new Vermont initiative.

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Crowdfunding's Future: Local Online Ecosystems - Forbes

Crowdfunding's Future: Local Online Ecosystems - Forbes | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
There’s an essential question I’ve been thinking about recently that I believe underlies one of the most powerful and transformative possibilities of crowdfunding... The question is... how important is “local” to the crowdfunding movement?
John Boik's insight:

More on local investing by Chance Barnett.

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Kiva Piloting Microlending For US Small Biz, Clinton Says It's 'A Very Big Deal' - TechCrunch

Kiva Piloting Microlending For US Small Biz, Clinton Says It's 'A Very Big Deal' - TechCrunch | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Kiva Piloting Microlending For US Small Biz, Clinton Says It's 'A Very Big Deal'
TechCrunch
Ideally, success begets more success, facilitating a cascade of local consumption and investing.
John Boik's insight:

Like Kiva, Principled Societies Corporations would also make interest-free loans, but to local businesses.

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Co-operatives make for a happy place to work - Co-Operative News

Co-operatives make for a happy place to work - Co-Operative News | Local Currencies, Local Investment, and the Emerging New Economy | Scoop.it
Co-operatives make for a happy place to work
Co-Operative News
Co-operatives are businesses run by the people, for the people; so it makes sense that all those connected to co-operatives are more likely to be much happier.
John Boik's insight:

The reasons for job satisfaction: social usefulness and sustainability rather than profits, autonomy inside and outside the company, democratic decision-making, and a reduction in the gap between the conception and execution of tasks

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