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

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

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Revolution. Pelt traders moved in thereafter, and the Hudson Bay<br />

Company established its first outposts in the 1830s. All of these<br />

people were only interested in the furs, and otherwise left the Indians<br />

alone. But decades before the missionaries arrived to try to change<br />

the 'pagan' traditions of the indigenous people, some communities<br />

started to unravel because of their contact with the traders'<br />

commercial exchanges. Tribes that had replaced the gift exchanges<br />

within their community with monetary exchanges were those that<br />

fell apart within a generation.<br />

This process has repeated itself all over the world whenever<br />

traditional societies start interacting commercially with the Western<br />

world. As soon as non-reciprocal monetary exchanges begin to occur<br />

within these traditional societies, their communities start breaking<br />

down. I have seen this happen at first hand in the 1970s in the<br />

Peruvian Amazon when the Peruvian national currency started<br />

circulating within some tribes.<br />

In light of all of the above, we should consider community not as a<br />

state, but as a process. If it is not nourished by regular reciprocal<br />

exchanges, it will tend to decay or die. That is why I define a<br />

community as a group of people who honour each other's gifts, who<br />

can trust that their gifts will be reciprocated some day, in some way.<br />

Revisiting the strange global epidemic of community breakdown,<br />

we can now see what may be a common mechanism behind the<br />

breakdown of Amazon tribes, the transformation of Italian extended<br />

family into nuclear families, or the Western nuclear family crisis.<br />

While other factors certainly play a role, there is one key that fits all<br />

of these phenomena. Non-reciprocal monetary exchanges have<br />

started taking place within each of these community systems. Some<br />

economic theories consider the monetization of all transactions as a<br />

key sign of 'development', because from that moment they are<br />

captured in the national statistical system. No wonder that the

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