This video is based on a presentation I gave at the Economics of Peace Conference in Sonoma, California in October, 2009. My prescriptions for reclaiming the credit commons and creating a new “butterfly economy” remain completely relevant, and their implementation is becoming ever more urgent.
In November of 2009, I gave a presentation at the conference on Michigan’s Future Energy, Economy & Environment, at Crystal Mountain Resort in Thompsonville, Michigan. More than 10 years later, this presentation is still timely.
Ken Freeman has recently augmented and adapted recordings of that presentation to produce this new video, titled, Exchange Revolution, which has now been posted on our Beyond Money Podcast site. It is a comprehensive description of the what and how of transcending the political fiat money regime, and building a new equitable system of value exchange.
As society grapples with the reality of
climate change, many believe that technology will somehow save the planet. As
this book argues, that is not enough: larger-scale collaboration, coordination,
and funding is needed. Individuals and groups, even with significant personal
resources, will not be able to reverse the present course of ecological
disaster. What our endangered planet needs is broadly supported community
action, which is what happens when people come together and organize for the
common good. What we need, in short, is political structures and actions. The
essays in this book examine the political structures that have led to our
present crisis and offer concrete lessons from the U.S., Japan, Brazil, and
Greece, that can, if heeded, bring us back from the brink and toward an
This book of essays emerged out of some of the presentations
that were given at a major conference, Seizing
an Alternative: Toward an Ecological Civilization. that was organized by Center
for Process Studies and held at Pomona College (CA) in June 2015 and attended
by more than 1500 people. It includes two of my own essays, Greece and the Global Debt Crisis, and How Private Currencies and Credit Clearing
Exchanges Can Help Save Civilization, as well as essays by John Cobb, Ellen
Brown, Gayle McLaughlin and several others.
The full list of contents and order form can be found here.
The book can also be ordered on Amazon.com
Broadly speaking, technology is the organization of knowledge, people, and things to accomplish specific practical objectives. It includes processes, practices, techniques and systems as well as things. So what are the disruptive technologies in money and finance? Or is that even the right question to be asking? Is it Bitcoin, Ethereum, and other so-called crypto-currencies? Is it the blockchain, “smart contracts,” “big data,” algorithms?
To find out, watch this 15 minute video, which was extracted and adapted from a longer recording of the presentation, I made to the International Institute of Advanced Islamic Studies, in Kuala Lumpur, Malaysia, on October 10, 2016. It describes how communities and businesses can escape the debt trap and become more resilient and self-reliant? New independent approaches to payment and reciprocal exchange are being deployed which are making conventional money obsolete.
This is a revolutionary approach to aid, one that empowers people to sustainably provide for their own needs. I strongly endorse this project and encourage all to make a financial contribution. Even small amounts can make a big difference. –t.h.g.
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