I helped RHD set up their Equal Dollars currency back in the late 90′s. Here is a recent report about it from CNN. Sorry about the annoying commercial at the beginning.–t.h.g.
How I buy groceries without cash – Video – Personal Finance.
I helped RHD set up their Equal Dollars currency back in the late 90′s. Here is a recent report about it from CNN. Sorry about the annoying commercial at the beginning.–t.h.g.
How I buy groceries without cash – Video – Personal Finance.
This upcoming webinar promises to describe what may be a good model for organizing and funding local enterprises that contribute to local self-reliance and sustainability, plus providing ways to secure your savings in investments that will have lasting real value–t.h.g..
Webinar Speaker:
Lynn Benander of Co-op Power and Northeast Biodiesel
Date and Time: Tuesday, January 10 at 10am PT, (11am MT / 12pm CT / 1pm ET)
Coop Power
About the topic:
Maybe you know that cooperatives use their shared ownership structure and member fees to fund the cooperative itself. Join BALLE to learn how Co-op Power – a consumer-owned energy cooperative serving southern New England and eastern New York – is stretching the bounds of the cooperative structure and yielding amazing community capital returns in the process.
Co-op Power’s Local Organizing Councils have:
Raised more than $300,000 in member equity, $600,000 in member loans, and $850,000 in local investment to support the development of community-scale clean energy projects.
Worked together to support a growing number of new living economy enterprises, like a 3-million gallon biodiesel processing plant.
Created more than 100 jobs over just five years.
Focused on working with communities of color and limited resource communities to build a multi-class, multi-racial movement for a sustainable and just energy future.
Explore this cutting-edge use of cooperative structure for going beyond member equity to finance local businesses and create new jobs – and how you can put the cooperative model to work in your community.
Learn more about our speaker and her organizations here.
How to use BALLE’s Accelerating Community Capital Webinar Series
Gather with others from your area to participate in a “viewing party” for each Accelerating Community Capital webinar.
Hold a discussion group afterward to investigate how your community can apply what you learn.
Groups can participate using just one member’s registration!
Hear firsthand about the best models working right now that you can replicate where you live.
Ask the presenters the questions you need to build local investing in your area.
In a new article titled, Reinventing Money – A Community Exchange System from South Africa Conquers the World, Tim Jenkin describes the development and operation of the Community Exchange System (CES) which he founded in 2002. Beginning as a single local credit clearing exchange, CES has evolved into a global network of more than 340 local exchanges distributed over 34 countries.
“The CES web site is just a tool for managing exchange groups, for keeping accounts and for advertising. Each group administers itself and has its own rules and conditions of use. This keeps the overall system democratic and provides the basis for a multitude of separate but interacting local economies. Some groups base their unit of value on the national currency while others use time (e.g hours or minutes)… The long-term vision of CES is to democratise the entire network.”
“The CES has been operating for nearly nine years now and, though it is still minuscule compared to the global financial system, has demonstrated that it is as versatile as the conventional money system, and indeed more efficient in many ways. It caters to fairly large volumes of trade, permits international trade, provides an extremely efficient means of tax collection through an optional transaction levy, handles multiple conversion rates seamlessly and clears accounts instantaneously.”
While the CES prototype needs some refinement, it provides an operational “proof of concept” for the creation of a locally controlled, yet globally useful system of exchange that transcends the dysfunctional interest-based, debt-money system that is driving the world to destruction. I fully agree with Tim’s conclusions that:
“In the new era of declining energy and other natural resources, the global economy is inevitably going to have to contract. The debt-based money system looks increasingly unstable in the current low-growth environment and definitely cannot operate in a steady state or degrowth environment. A new exchange system that operates something like CES will be needed. Such an exchange system simply reflects the economic situation, it does not drive it. When interest is removed as a factor in exchange, the growth imperative is removed along with the debt bondage that most of us live under.
Extraction mechanisms such as speculation, derivatives, securitisation, hedging and other casino-like activities that allow a parasitic class to skim off the wealth of a society are also excluded. The decentralisation of control and lack of opportunities to hijack the exchange system for private gain will return the money power to ordinary people. No longer will those who currently control the financial system be the ones who decide where society puts it efforts and how it allocates its resources.
The realisation that money is information and not real stuff is hugely liberating because it means that a local community can create its own exchange system and not be dependent on the dysfunctional global one that is driving humanity to the brink of disaster.
This has all been made possible by our ability to share information on the internet. Local communities should jump at the opportunity to be able to define and control their own destinies instead of allowing financial institutions and governments to do it.”
I encourage all to read the entirety of Tim’s article. You can read it online or download the pdf file here.–t.h.g.
Here’s another report from RT television about the reasons for the NATO invasion of Libya and the overthrow of the Gadhafi government.
“Quakers in Britain share the concern for global economic justice and sustainability expressed by the Occupy movement. We agree with the statement of Occupy London Stock Exchange that our current economic system is unsustainable. It is undemocratic and unjust. We need alternatives.
We, too, “want structural change towards authentic global equality. The world’s resources must go towards caring for people and the planet, not the military, corporate profits or the rich,” (as stated in Occupy LSX initial statement). We are grateful to the various Occupy groups for raising these issues so passionately and respond to the deep spiritual significance that we recognise in the movement.
“Those of us who have visited have been welcomed, and found the Occupy sites an exceptional learning experience. We honour the values and positive ways of working within Occupy communities: without hierarchy, based on care for others, open to the contributions of all and searching for the truth. These are in harmony with our Quaker practice and business methods.
“The idea that another world is possible is crucial for us too. We cannot accept the injustice and destructiveness of our economic system as it is. At the annual meeting of Quakers in Britain in August 2011 we wrote: “We need to ask the question whether this system is so broken that we must urgently work with others of faith and good will to put in its place a different system in which our testimonies can flourish”. We support the process initiated by the Occupy movement to create a path towards a different future, and to develop it democratically.
“We hope that individual Quakers will continue to provide support, both moral and practical, to the movement. We greatly value its peaceful quality and we pray that this can be actively supported by all, including the civil and ecclesiastical authorities who have the difficult task of maintaining simultaneously both public order and the right of peaceful protest.”
Signed Paul Parker, Recording Clerk for Quakers in Britain
This from Dmytri Kleiner is an excellent political analysis.
The vast majority of people in the world today have negative financial net worth, and, as their incomes shrink and their cost of living increases, their debts are becoming ever more unbearable.
A debtor’s initiative may be right on target.–t.h.g.
Debtors’ of The World Unite! The Initiative to form an International Debtors’ Party.
Dmytri Kleiner. 20 September 2011
Congratulations to the Pirate Party having won an astounding 8.9% in the Berlin elections.
As I wrote two weeks ago, this is their moment of relevance, the emergence of Information politics as a mainstream political topic. Having 15 Piratenpartei representatives in the local government will certainly be of direct material benefit to activists fighting against software patents, for network neutrality, online security and privacy, etc, and that is a development to be celebrated.
Modern politics has become a politics of identities and causes. Major parties construct identities, these identities function as Legitimization Brands, not so much tied to specific social outcomes, but rather to specific personalities, representations, framings and forms of apology.
People vote for a Party because that’s the kind of person they identify as: the kind of person that votes for that party and imagines themselves having the essentialized, yet drifting, characteristics the party markets as their image. Party membership is just another consumer identity.
The interests of the State and it’s ruling class doesn’t change from election to election, and the elected politicians of the ruling party’s job is to represent the policies demanded by the ruling class to the people that support them. The election is a market survey, designed to identify which Legitimization Brand will most effectively deliver public support.
The political policies of the major parties are formed byway of the campaign contributions and lobbying of the holders of the major economic power, not by the interests of the voters whose support they deliver.
Political resistance is limited to activist movements, which occasionally manifest as minor parties, the Greens and more recently the Pirate Party are such manifestations.
As minor parities, they are not integrated into the ruling class system, but rather represent the social power of movements around specific causes. These parties retain relevance to the degree that they are primarily the representatives of the activist social movements they emerged from, when they grow beyond being minor parties, like the Greens have in Germany, they become integrated into the ruling class, and begin representing ruling class interests.
The reason this happens is that as representatives of causes, they have no mass appeal.
The social power they can mobilize, although often visible and noisy, is not enough to propel them beyond the political fringes, yet maybe enough to attract attention from the same economic powers whose contributions and lobbies animate the major parties, and are thereby transformed into Legitimization Brands, like the other major parties, trading in the support of their now expanded constituencies so long as their legitimacy survives.
The masses are not interested in causes, at least not enough to mobilize around them.
And for very good reason, understanding complex causes like environmentalism and information politics seem complex and abstract to people, more concerned with their everyday lives. Activist campaigns often focus on the misdeeds of corporations and States. Most people feel unqualified to comment on it, and are therefore not so compelled to try to unravel the storms of claims and counter claims, accusations and apologies, all the rhetoric that drives such polemics. These are not their concerns, forming an opinion on such issues does not help in the daily challenges they face in their private lives. And the solutions presented are not clearly implied by their own conditions, thus they are happy to have these concerned administered for them, which the Legitimizing Apparatus is happy to do.
What’s missing from modern politics is, well… politics.
The traditional parties formed around the emerging power of different economic classes. Specifically from the interests of those who derived their incomes from the different Factors of Production, namely Land, Capital, and Labour.
Conservatives are called conservatives not because they have delicate sensibilities when it comes to sexuality or have regressive views of gender and racial roles, but because they wantwd to “Conserve” the system of Nobility, where elite families retained power and led society. Which, due to there superior genetic heritage, they where, aledgedly, uniquely able to do, and as they had done for centuries.
The primary economic power of the Conservative part come from those that controlled the land.
The Liberal are called Liberals, not because they emerged as movement of people who believed in being a little less uptight and a little less xenophobic, but rather because they represented the emerging Capitalist class, they believed that the State, meaning at that time, the Nobility, should let them conduct their businesses as they see fit, and not intervene in the marke.
The primary power of the Liberals came from those that controlled capital.
As Capitalism triumphed, and Feudalism disappeared, Liberals and Conservatives became not so much representatives of different classes in conflict, but rather competing brands to market the interests of Capital to the masses. Both parties represent only slightly differing views on how markets and governments aught to be run, and in whose interest
Labour Parties began as dissenting, activist parties, formed by groups of political intellectuals such as the UK Fabians, and began as minor parties that had grown out of the workers’ movement.
Yet, the workers’ movement was different from the types of causes we have seen emerge more recently.
The workers’ movement was not fuelled by intellectual appeals to abstract technical concepts, and was not focused on the reported conduct of remote corporations or states, but on the direct conditions and interests experienced by workers, and workers where legion.
Their cause was not based on morality or belief, but on the conditions of their daily lives. What’s more, the platforms where directly implied by their conditions, they where not administered beliefs, but known facts. Workplace safety, wages, working hours and other matters of direct interest to workers did not require subscribing to one ideology or another to understand.
The workers movement, because of its class basis, did not need to rely on campaign contributions and lobby to have power, because the workers where the masses.
The power of the worker’s parties came from control of labour.
However, this language of Landlord, Capitalist and Worker emerged in quite a different era. The Power Loom was the driving force of industry, Nobility controlled the land and the State, and being a worker in early industry was torturous, inhumane, and importantly, most workers where direct-producers. The value they created took the form of stocks of goods that where literally taken from their hand and into the possession of the Capitalists, who became their owners and profited from their circulation, while the workers where left with nothing more than that which their subsistence demands so they could toil another day. Workers knew their class interests. The exploitation of labour was not a theory, but a felt, daily experience. There demands where not opinions, but terms of struggle.
The workers’ movement won many of these struggles. Working conditions and hours where improved as a result of fierce battles between workers and capitalists. This began to make the demands of workers’ parties less pressing, more marginal and abstract, while theories of value and economy developed further, the immediacy of the issues fell away.
More and more workers became non-direct producers, working in administrative or technical fields that did not directly produce stocks of goods, appropriation of the product of the labour became not a felt and observed experience, but yet another theory, something about which one could have an opinion, but not something that was a uniting term of struggle.
All the while the most oppressive and harsh conditions where relegated to the margins of society or even to other ends of the world, with whom the great body of workers in developed society had no relationship at all, or if any, then as yet another cause.
Politics has vanished and in it’s place is a marketplace for legitimization.
The commodity has become the voter themselves, delivered to a consciousness industry made up of parties, public relation firms and other agents of economic power.
Absent from organized opposition, Capital has reshaped society towards it’s own interests. Where the owners of productive assets have increased power and freedom, unchecked by any kind of political contestation, and the masses are subjected, administered, and controlled. Workers are just another economic input, like energy and natural resources, who matter only enough to ensure reliable supply. Capital is spreading poverty, social stratification, environmental degradation and war with impunity, checked only by the economic and natural limits of such outcomes, and able to socialize or transfer the costs even when such limits are exceeded and catastrophe ensues.
To make politics relevant, to challenge and contest the interests of Capital and to represent the interests of the masses we need workers to once again unite in their common interests and make their social power felt.
Yet, workers’ politics is now failing because workers do not identify as workers, and thus any appeal addressed to workers is unlikely to achieve results. As the economy has moved on from the simple model of production that classical language was born in, so must the language of class politics. The workers are no longer direct witnesses to the product of their labour being ripped from their hands and hoarded by the Capitalist. Many people may hate their job, or their boss, but as the production of value is more abstract and remote, they do not feel that their boss is taking anything from them, rather they feel they are being given something, their job and their paycheque, etc. It is not in the workplace that the appropriation is felt, but rather after work, when they go home to pay their bills.
We can’t mobilize the masses as workers, but we can mobilize them as Debtors.
Debt is not simply a cause to build awareness and support for, it is the felt condition of the masses, who are struggling to pay their bills, who are frustrated and angry and who demand representation which no mainstream party will give them.
The Time has come for The Debtors’ Party.
Join the initiative to found an International Debtors’ Party. So far, the resources are small, come help us build a movement.
- Facebook group: http://bit.ly/debtorsfb
- irc channel: #debt on irc.oftc.net
- wiki: wiki.debtorsparty.org
With your help, much more to come.
Anybody is Berlin is welcome to come to Stammtisch tonight and say hi, this is in no way an official meeting of the Debtors’ Party, just an informal get together, but no doubt the topic will be present. Stammtisch is at Cafe Buchhandlung, starting at 9pm. http://bit.ly/buchhandlung
Debtors’ of The World Unite!
Now, more than ever, it is imperative that people move their available financial resources away from conventional Wall Street investments that offer the illusion of security toward real assets that can provide real security in basic living essentials. There are however legal obstacles that limit our ability to do that.
One of the best resources for information about that is Cutting Edge Capital. The September 2011 newsletter is a good place to start. Be sure to listen to Jenny Kassan’s presentation, ACCELERATING COMMUNITY CAPITAL WORKSHOP: The Legal Landscape, given at the recent BALLE conference.