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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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'Corporate Millennium' (next chapter) where ‘information barons'<br />

play the role of the 'robber barons' of the early Industrial Age.<br />

-What really matters is not the technology, but the way we use it.<br />

The whole money game is going to change. Additional choices<br />

beyond national currencies are both unavoidable and necessary. This<br />

process started before the new technologies were available, and such<br />

technologies have the capacity to amplify their spread and scale. For<br />

the first time in several centuries, new players are moving in to create<br />

totally new ways for defining money, creating it, and using it. This<br />

new money frontier provides unprecedented opportunities for<br />

rethinking the kind of money we want, and for incorporating<br />

features to help address issues our societies will be facing in the<br />

foreseeable future. For example, the possibilities that new money<br />

systems offer to address the unemployment problems likely to occur<br />

during the transition to the brave new information society should be<br />

of interest to many people. Similarly, elderly care, community and<br />

environmental restoration are goals to which a majority should be<br />

able to subscribe.<br />

- Private corporate currencies are not a problem per se. After all, as<br />

outlined in the Primer and Chapter 2, our familiar 'national'<br />

currencies are bank- debt currencies, i.e. are in reality privately<br />

issued corporate currencies which have been homogenised on a<br />

national level. Potential problems may arise when currencies private<br />

or public become de facto or legally enforced monopolies, reducing<br />

people's choices, and leading to potential abuse of power by those<br />

who enjoy that monopoly.<br />

On the positive side, information-as-resource is giving more people<br />

than ever the opportunity to create their own currencies that can<br />

reflect their own values. The starting point is to be aware that choice<br />

in money systems exists, and that choice matters. Historically, most<br />

features within money systems have not been consciously designed.

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