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Low-impact money
Post-covid: ‘getting back to normal’ is not just a bad idea – it’s suicidal
There’s been a lot of talk about ‘thanking’ coronavirus for giving us the breathing space to re-evaluate, and for giving nature some breathing space too. This isn’t one of those articles. I don’t find it compassionate to thank a virus that’s killing thousands of people, and closing millions of small businesses, allowing Amazon to hoover …
Keeping small businesses alive during the coronavirus / economic crisis
The coronavirus crisis is causing an economic crash that will only get worse. Research has indicated that a shortage of money will mean that up to a million UK small businesses may close in the coming months. To prevent the devastation of small businesses, and therefore our communities, there needs to be an alternative means …
Building the new economy: how to keep local economies trading in the economic slump caused by the coronavirus
This is the last of six articles this week about how we can keep local economies afloat during the coming economic slump. There is already a scarcity of money, as the coronavirus crisis forces businesses to lay off workers, and sole traders to give up. But it will get much worse. How can we keep …
The global money system: not the kind of ‘normality’ we should return to after the coronavirus crisis is over
This is the fifth in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are: There’s going to be a shortage of money. Mutual credit is a moneyless trading system. That’s it! Mutual credit can help local …
“Flat Earth” Money, and why there doesn’t have to be a global cashflow problem
This is the fourth in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are: There’s going to be a shortage of money. Mutual credit is a moneyless trading system. That’s it! Mutual credit can help local …
The exchange medium for the coronavirus crisis: crypto or mutual credit?
This is the third in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are: There’s going to be a shortage of money. Mutual credit is a moneyless trading system. That’s it! Mutual credit can help local …
Covid-19 Mutual Aid Groups should look to Mutual Credit for economic resilience
This is the second in a series of articles this week about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are: There’s going to be a shortage of money. Mutual credit is a moneyless trading system. That’s it! Mutual credit can …
Mutual credit is a solution to the COVID-19 economic crisis
This is the first in a series of articles over the next week or so about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are: There’s going to be a shortage of money. Mutual credit is a moneyless trading system. That’s …
What’s wrong with billionaires?
I came across a clip recently (see below) of a radio host filled with incredulity that someone might actually believe that the existence of billionaires is a bad thing. Surely any antipathy towards the super-wealthy must be based on envy or ideology? Don’t they create jobs? Aren’t they philanthropic? Don’t they pay a lot of …
Local currencies: what works, what doesn’t
Thomas H. Greco, Jr., author of The End of Money and the Future of Civilization, shares just some of his wealth of knowledge about what works, and what doesn’t, when it comes to local currencies.
Coming together to build a new economy: Matthew Slater, barefoot economist and Credit Commons co-designer, Part 2
In part 1 I described why a resilient economy needs be to separate from the failing capitalist juggernaut and that we need to start by finding new economic partners from without the Market.
Starting from scratch: Matthew Slater, barefoot economist and Credit Commons co-designer, Part 1
Donald Trump recently derided Greta Thunberg and everyone pleading with government to heed environmental science as ‘doomsayers’. The more imminent peak oil or environmental collapse appear, the more intransigent our political system seems to be. Whatever the reasons for this, responsible citizens can only accomplish so much while the political and economic winds are blowing …
What I’ve discovered about the money system and how the world is run, since working with the Open Credit Network
In the summer of 2018 I went along to Open2018 to see Matthew Slater talk about how we might shake up the money system with a global Credit Commons. After his presentation, Matthew and I met with Oliver Sylvester-Bradley of the Open Co-op, who organised the event, and decided to build a mutual credit network …
Become one of the first movers in a new, collaborative economy: Open Credit Network Alpha launch
Lowimpact.org are working with Open.coop to build a new, co-operative, moneyless, mutual credit trading system for the UK, with a view to joining many similar schemes around the world to create a new global trading system, that requires neither banks nor interest. The point of this article is to invite you, if you own or …
We’re on the Extinction Rebellion main stage in central London on Thursday afternoon
I’m excited to report that we’ve been given an hour on the main stage at Extinction Rebellion in the Mall on Thursday afternoon from 2pm. When I say ‘we’, it will be me and Oliver Sylvester-Bradley of the Open Co-op – we’ll speak for 10 minutes each, then take questions for 40 minutes. We’ll be …
What’s the difference between capitalism and a free market?
People usually conflate the two, but I want to try to persuade (mainly the right) that capitalism is nothing like a free market, and (mainly the left) that there’s nothing wrong with a truly free market.
How to build a global, moneyless, interest-free trading system: Matthew Slater of the Credit Commons Collective
Today I’m talking with Matthew Slater, author of the Credit Commons white paper – an idea to link together mutual credit schemes anywhere in the world to create a global, moneyless trading system.
Will Facebook’s Libra coin conquer the world?
In the wake of Facebook’s recent announcement, community currency engineer Matthew Slater asks if Libra coin is poised to conquer the world.
Come to our public event on the Open Credit Network, July 18th, London
As you know if you follow this blog, Lowimpact.org and the Open Co-op have partnered up to build a mutual credit network for the UK, the Open Credit Network (OCN), and that we have people on board who are working to develop the ‘credit commons’ – a way of linking together mutual credit schemes anywhere …
Reflections on the CTRLshift gathering – an emergency summit for change
The stated aim of the annual CTRLshift gathering (that took place in Stoke-on-Trent recently) is to bring key people together to talk about practical steps to help shift power away from central government and multinational corporations, to communities and individuals. Well, you had me at ‘decentralisation’, so I went along.