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Local / independent currencies



What happened to LETS systems?

What happened to LETS systems? Sue Bell of Mutual Credit Services

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Today I’m talking with Sue Bell, who was involved for many years in Brixton LETS and the Brixton Pound. She’s now part of a group called Mutual Credit Services (MCS), formed to build mutual credit clubs and to federate them together to build a new kind of moneyless trading system. I want to talk about

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The next great transition will be to the Solidarity Economy with a mutual credit exchange system

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I’ve been working in the environmental field for over 20 years, and I believe, like the National Academy of Sciences of the USA, that we’re headed for ‘biological annihilation’, and like the good folk at the Dark Mountain Project, that a crash is coming that we may or may not recover from

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Can you imagine a world without money?

Can you imagine a world without money? Summary of the ‘credit commons’ idea and how it could be achieved

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Last week I blogged about a potentially world-changing idea that could be labelled ‘credit commons’, or the catchy ‘global mutual credit system’. It’s a system of exchange that involves no money. It’s difficult to grasp at first, but the more you think about it, the more you realise that a) it’s implementable, and b) if

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How money causes poverty (plus war and ecological destruction), and what could replace it

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Exchange has always been part of the human story, whether between individuals, tribes or nations. Some people have what others don’t, due to geography or skill, and exchange is a means of getting what you don’t have, and giving what you have a surplus of.

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Time to ditch the corporate sector in favour of the solidarity economy

Why an economy that’s not dominated by the corporate sector would be much better for individuals, communities and nature

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Lowimpact.org is an organisation that was founded by two people in 2001 because of concerns about ecological damage and what that might mean for the future of humanity. The focus has always been on individual lifestyle change

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Examples of organisation within the non-corporate sector

Let’s build a sustainable, non-corporate world; but what exactly does ‘non-corporate’ mean?

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This is the first of two articles examining the non-corporate sector, and its advantages for ecology, democracy, communities and individuals. Here’s a checklist of the benefits of reducing the reach of the corporate sector, but first, let’s work out what kind of organisations comprise the non-corporate sector.

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money-uk

Where does money really come from? (erratum: there is no fractional reserve system in the UK)

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There is a simple conception of the banking system – that banks look after money for savers, and pay them interest. They then loan out that money to other people and charge them a slightly higher rate of interest, and that’s where they make their profit.

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mutualism

Mutualism: a philosophy for changing society with a difference – it’s implementable

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There are lots of ideas for changing the world – from voting to demonstrations, petitions, lifestyle change, incremental change, revolutionary change, or more of the same, only harder. The problem with many of them is that they are either ineffective or not implementable.

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money-visualisation

What’s the relative value of the world’s gold, Bitcoins, banknotes, derivatives, stocks & shares, property etc. See this incredible visualisation

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Do you have any idea of the value of all the Bitcoins in the world, compared to, say, the value of all the silver in the world, or compared to the wealth of Warren Buffet, or compared to the amount of global debt etc.?

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