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

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different directions in which changes in our money systems could take us: · The Corporate Millennium: a world where private corporate scrip has taken over the role of the familiar bank-debt national currencies; · Careful Communities: where a global monetary meltdown has left community-based local currencies as the dominant money-shaping force; · Hell on Earth: where no new social or monetary order has been able to emerge after the collapse of the official money system; . Sustainable Abundance: a world where various kinds of money innovations described in Part Two form a successful preventive measure against a monetary meltdown and create an 'Integral Economy' where the old and new money systems effectively balance and complement each other. The Corporate Millennium The Corporate Millennium scenario illustrates how power, including the power to create money, could shift to major multinational corporations over the next decades. This story is reported by a journalist after interviewing Britain's last Prime Minister in the year 2020. Goodbye to the last Prime Minister London, February 7, 2020 While he gazed at the fires burning on the South Bank, I spoke to Britain's last Prime Minister in his old office at Westminster Palace. This was the most candid and informal interview I have ever had
with him, perhaps because this was also his last one. 'This isn't my problem any mom,' was his opening remark. He had signed the final papers earlier in the day. At midnight, Secuncor was to take over the police franchise for the United Kingdom. This was the final piece of the puzzle. Executive Solutions had already won the armed forces contract, in return for control of Cornwall's offshore oil fields. Social Services is run by Sonysoft, since Sony took over the Microsoft empire after Bill Gates's tragic death. Consolidated Banks was in charge of the economy. NewsCorp had the Education Department franchise. Even the Houses of Parliament, no longer needed now those elected representatives had ceased to have meaningful functions, belonged to Virgin. Tomorrow the estate agents were coming to look at Number 10 Downing St, and he would slip into retirement as easily as power had slipped into the hands of corporations. He showed me a book of old press cuttings. The first was a report of his maiden speech in the Commons in 1992. He was attacking the loss of British sovereignty to the European Union. He smiled at his own naivet6.'1 had talked about immigration, demanding greater controls. Talk about barking up the wrong tree. Getting into the country, any country, is easy now - just buy an airline ticket. But entering a corporate enclave, like Islington, Belgravia or Lower Manhattan, requires an electronic appointment and "positive identification". His face turned grim. 'Really efficient, this "positive ID technology, As with most important things in history, its general acceptance was a convergence between conscious choice, accident, and necessity. The conscious choice was the initial justification to test smart cards for administrative masons - they would include name, Social Security number, driving licence, and emergency insurance and medical information. The accident was the 'credit card blitz", when a group of
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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
Page 39 and 40: But let us begin at the beginning,
Page 41 and 42: Less obvious is the mechanism of th
Page 43 and 44: The Arab scholar Ibn Khaldun claime
Page 45 and 46: Matters of belief and social conven
Page 47 and 48: paper that stated where the metal w
Page 49 and 50: and imagination, launched or comple
Page 51 and 52: What happened instead was a slow an
Page 53 and 54: arrangement has serious negative co
Page 55 and 56: anker has an additional veil. In th
Page 57 and 58: The story from Australia (see box)
Page 59 and 60: the eleventh round - as part of the
Page 61 and 62: A third systematic effect of intere
Page 63 and 64: ealistic possibilities for graduall
Page 65 and 66: Just one facet of it - the Internet
Page 67 and 68: the more of us have it. Government
Page 69 and 70: intervene in (or muck up, depending
Page 71 and 72: automatically to crowd out competit
Page 73 and 74: $29.95 CD ROM version of the game h
Page 75 and 76: paper books, a printer-binder - loc
Page 77 and 78: The real revolution of possibilitie
Page 79 and 80: In Open Finance, the financial inst
Page 81 and 82: 'We can be knowledgeable with other
Page 83 and 84: They just evolved and ended up refl
Page 85 and 86: Peter Schwartz, president of the Gl
Page 87 and 88: with this Official Future is that i
Page 89: the remaining 5% will succeed at pe
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 and 140: occurring. And they are not the onl
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the ride over the next couple of de
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This topic will be tackled by explo
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There are two ways by which our hea
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ecame competitive with the Third Wo
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ecause I was there at the beginning
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now to 2010, has focused on cutting
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that his factory workers could buy
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Socio-political consequences Within
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iot troops). The fighting lasted th
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Everybody takes a defensive positio
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that we can always create jobs by p
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usiness boom cycle, or whether we a
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The game can be played with one or
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that many have jobs but are not doi
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strongly hierarchical and centralis
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hoarding fee technically called 'de
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1933 (Figure 5.1). This graph also
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year, Unterguggenberger addressed a
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complementary currency systems as '
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have this power should not amaze us
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In contrast, a complementary curren
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freshly baked whole wheat bread. Am
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to goods and services they might no
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David James, a Quaker from Whangare
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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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