THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

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taken. The nature of these preventive actions is the recurrent theme of the four chapters that constitute Part Two: Money Choices. Similarly, the left-right divide of the grid (i.e., whether highly individualistic priorities prevail in a society or not) should not be considered as a mechanical collective switch that just happens to be turned on or off. Instead, as discussed in Chapter 1, the key will be whether we are willing or not to revisit the money paradigm. The cartoon on the next page depicts in another way the costs of remaining locked in the prevailing interpretation of money. It is only if we choose to become aware that we can walk out of the moneybox, to the sides where no bars are blocking us, that Sustainable Abundance will become available. One last question: where is the ‘official future scenario’ on this map? Looking down at the page, imagine that you are suspended above the crossing of the two axes of Figure 4.9. That point in space is where the Official Future is temporarily suspended. Imagine yourself with an open parachute on your back, moving slowly down towards the page, expecting to manoeuvre a safe landing. One thing is for certain: gravity will pull you down to a landing, somewhere. The Official Future has no probability of keeping us suspended indefinitely. Let us hope that we have the time, and the patience, to learn how to use the ropes of our parachute to make a landing in the future of our choice. While all four scenarios are equally plausible, I believe that the most preferable is Sustainable Abundance. The balance of this text is like a guide to using the ropes of our money system to make a smooth landing in that upper right corner, in a future where Sustainable Abundance is the norm, as well as the ongoing goal. There is still much to learn about the many strands and facets of these ropes, learning that we all will be doing together. Whatever happens,
the ride over the next couple of decades promises to be an extraordinary one. Susan Watkins has said it well: 'I think that wherever our journey takes us, there are Gods waiting there, with divine patience and laughter.' In Part Two: Choosing Your Future of Money, we will explore pragmatic options that are currently available for changing the money paradigm. Each of these systems can operate in parallel with, and complementary to the prevailing national currencies. The shift in paradigm is not about abandoning the previous system, but complementing it with new money systems that support different sets of values. Together with the conventional system, these currency innovations can bring about Sustainable Abundance. PART TWO Part Two: Choosing Your Future of Money 'Sure, money's all wrong. and the devil decreed it; It doesn't belong to the people who need it.' - Piet Hein, Danish Physicist 'Money is a mode of organising our life in the material world; money is an invention, a mental device, very necessary, very ingenious but, in the end, a product of the mind.' - Jacob Needleman 'Money to be money [...] does not have to be legal one might call ‘common tender’ i.e. commonly accepted in payment of debt without coercion through legal means.' - Richard Timberlake In part one we looked at the old money story; in Part two we will explore some new ones.
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THE FUTURE OF MONEY Bernard A. Liet
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*Monetary Instability; * and an Inf
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First and foremost, these money inn
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Stories There will also be stories
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1992, remarked. ‘I used to think
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to entirely computerize the traditi
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All four of these megatrends will b
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The following hard 'money question'
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important factor of production is b
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he or she would be ruthlessly punis
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Cardon Cartoon 'Remaining locked in
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system in our own bodies (see sideb
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Please note that none of the approa
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All four cameos are set in the year
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official national clearinghouse to
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With the growth in productivity tha
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hundred such grass-roots projects a
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Cathedrals' (the 'Central Middle Ag
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Without throwing away the positive
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But let us begin at the beginning,
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Less obvious is the mechanism of th
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The Arab scholar Ibn Khaldun claime
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Matters of belief and social conven
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paper that stated where the metal w
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and imagination, launched or comple
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What happened instead was a slow an
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arrangement has serious negative co
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anker has an additional veil. In th
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The story from Australia (see box)
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the eleventh round - as part of the
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A third systematic effect of intere
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ealistic possibilities for graduall
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Just one facet of it - the Internet
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the more of us have it. Government
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intervene in (or muck up, depending
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automatically to crowd out competit
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$29.95 CD ROM version of the game h
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paper books, a printer-binder - loc
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The real revolution of possibilitie
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In Open Finance, the financial inst
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'We can be knowledgeable with other
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They just evolved and ended up refl
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Peter Schwartz, president of the Gl
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with this Official Future is that i
Page 89 and 90: the remaining 5% will succeed at pe
Page 91 and 92: with him, perhaps because this was
Page 93 and 94: payment and phone call made with tr
Page 95 and 96: He continued, 'The turning point fo
Page 97 and 98: these cyber-terrorists. "Love it, o
Page 99 and 100: financial deal in history so far, a
Page 101 and 102: specialised issuing corporations wi
Page 103 and 104: their goods. CUC presents that info
Page 105 and 106: demographic, and transaction data H
Page 107 and 108: The most effective solution for avo
Page 109 and 110: · Since May 1998 in Berlin, German
Page 111 and 112: mysteries of the universe they live
Page 113 and 114: · However, there is also a growing
Page 115 and 116: will have enough money to run an el
Page 117 and 118: In 2WO, my folks moved to idaho to
Page 119 and 120: I think I'll try to take you to Eur
Page 121 and 122: Professor Robert Guttman of the Eco
Page 123 and 124: as a monetary problem in the late 1
Page 125 and 126: 2020: The girl in the nightmare on
Page 127 and 128: parents. Most of them had either be
Page 129 and 130: what was left of his hair. The comb
Page 131 and 132: long as they could remember. Their
Page 133 and 134: Figure 4.5 shows that the number of
Page 135 and 136: that 23% failed to participate beca
Page 137 and 138: street in our cities could become a
Page 139: occurring. And they are not the onl
Page 143 and 144: This topic will be tackled by explo
Page 145 and 146: There are two ways by which our hea
Page 147 and 148: ecame competitive with the Third Wo
Page 149 and 150: ecause I was there at the beginning
Page 151 and 152: now to 2010, has focused on cutting
Page 153 and 154: that his factory workers could buy
Page 155 and 156: Socio-political consequences Within
Page 157 and 158: iot troops). The fighting lasted th
Page 159 and 160: Everybody takes a defensive positio
Page 161 and 162: that we can always create jobs by p
Page 163 and 164: usiness boom cycle, or whether we a
Page 165 and 166: The game can be played with one or
Page 167 and 168: that many have jobs but are not doi
Page 169 and 170: strongly hierarchical and centralis
Page 171 and 172: hoarding fee technically called 'de
Page 173 and 174: 1933 (Figure 5.1). This graph also
Page 175 and 176: year, Unterguggenberger addressed a
Page 177 and 178: complementary currency systems as '
Page 179 and 180: have this power should not amaze us
Page 181 and 182: In contrast, a complementary curren
Page 183 and 184: freshly baked whole wheat bread. Am
Page 185 and 186: to goods and services they might no
Page 187 and 188: David James, a Quaker from Whangare
Page 189 and 190: Currently, Australia has the highes
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underlying principle - I dared more
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asset. As is true with all currenci
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has an interest-free (unsecured) li
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type currencies, others Hureai Kipp
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The Cafe de la Paz in Berkeley, CA,
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that more economic activity - imply
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society provide the elderly with th
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Anthropologists have found that com
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Monasteries knew all about monetary
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two families formally join to creat
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Revolution. Pelt traders moved in t
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currencies. Practice has demonstrat
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credit for one hour, while Joe gets
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In a world where pensioners are bec
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than dollars, you may prefer to go
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more human contact, more communicat
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uilding streets, Lerner's team inve
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on the condition that the other sid
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and a higher educational level than
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The Japanese population is the seco
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effectively. But it has nevertheles
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culture. He said: 'Today we are inc
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system ledger for transparent accou
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All the pieces of the puzzle, inclu
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component should always more than c
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communities have not always been aw
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additional step needed to create th
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insurmountable obstacles. However,
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an interest in accepting well- desi
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described in the previous chapter -
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There are several significant reaso
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mind, it may well be currency,' sai
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What is at stake is quite substanti
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Furthermore, there is a growing con
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different reactions to the same com
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The US went one step further by hav
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2 Such improvements do not require
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The hard part of creating currency
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table should help in such a selecti
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is the ROCS, because it brings toge
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· 'Faced with widespread destructi
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We should start by acknowledging th
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the rate at which humanity destroys
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The importance of realigning financ
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ick wall with his forehead, he was
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duration of the project. (All value
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· and an adjustment reflecting the
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‘sustainability fee'. Now, what w
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(Note: the specific commodities, th
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just as today's decision of which n
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Revenue' in determining the demand
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as early as Pharaonic Egypt. It was
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therefore be fully backed, ensuring
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Such a strategy can be initiated as
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alliance among businesses would be
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The site was familiar - I could per
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dozens of names involved in Chaos a
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evolutionary step. Well, to us now
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other she wasn't. This amounted to
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circumstance. Convertibility among
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A Taoist viewpoint: All is about ba
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The Yin-Yang coherence I will now i
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Yang Yin Effects on Scarce/Competit
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competition among the participants
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Two important studies on Sustainabi
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The 'Cultural Creatives': the only
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knew each other. Ah of this was tru
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'Out of 88,000 practicing acupunctu
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This section will deal with the det
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will predictably kill the very inno
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My purpose in this book has been to
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1960s: Development of large-scale p
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each maturity only when a single cu
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2005: The last European holdout, Br
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1990’s: Age of corporate downsizi
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Both 'Mr Yamada's Retirement Plan'
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If Toffler is right, and if a monet
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This book delves into our collectiv
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'When I was young, I thought that m
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As the nation-states became the pow
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enterprises', a definition quite co
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usiness or consumer loans. This is
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A stock is a fraction of ownership
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perspective. Such volume amounts to
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whose values would be determined pr
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you know what you are doing, the re
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demonstrated time and again - from
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arrangements have made any signific
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developments in the currency market
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Stable or unstable, that is the que
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We started this Primer with the que
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Watutsi in Africa -'He is worth one
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national currencies); changes in ke
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Floating Exchange Rate: Rate at whi
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LETS: Acronym for Local Exchange Tr
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Scrip: Private currency usually ini
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