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" "Part One brings our hidden assumptions about money to the surface. In doing so, it also brings to light new potentials for our interactions with money. It is not about how to make, invest or spend money. There are already plenty of books about all of that. It is about the concept of money, and how different money systems shape different societies.
Bernard Lietaer (7 February 1942 – 4 February 2019) was a civil engineer, economist, author, professor and philosopher who studied monetary systems and promoted the idea that communities can benefit from creating their own local or complementary currency, which circulate parallel with national currencies.
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The money system is bad for social and environmental sustainability. But this Report also proves – perhaps more surprisingly – that the money system is bad for the money system itself. Unless we fundamentally restructure it, we cannot achieve monetary stability. Indeed, this Report also demonstrates that monetary stability itself is possible if, and only if, we apply systemic biomimicry – that is to say, if we complement the prevailing monetary monopoly with what we call a ‘monetary ecosystem’.
Why have our efforts, the countless billions of pounds and dollars spent all over the world, the many treaties enacted and initiatives taken, not stopped the destruction of our environment, nor effectively addressed a myriad of social issues? Is it possible that our attentions and efforts are misdirected? Or are the challenges and issues facing our world today being fueled by an even deeper systematic problem? The short answer to this last question is yes.
Economic injustice is one of the most intractable problems that humanity has had because, actually economic justice has never really existed in most societies... in a long history of mankind, 5,000 years. There have been a couple of exceptions where I believe it has happened... and we can see why they were exceptions. That's what's going to get interesting. So here's my plan, first i'm going to give you the context...