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Thursday, February 3, 2011

Local Currencies?



Berkshares is a 2009 finalist in the Buckminster Fuller Challenge and you can find their entry in the Idea Index for the BFC. Berkshares is part of the E. F. Schumacher Society and is part of the Relocalization and so-called 'slow money' efforts of people who want an alternative to what is already in-place and that they see as failing.

Whether they are right or wrong doesn't really interest us. What does, is the notion of an alternative, local currency -- a decentralized form of currency that enables an old fashioned sort of cooperative/communal capitalism rooted in personal relationships on a grassroots level -- that is absolutely fascinating and will definitely find a way into Riskail, one way or another...

3 comments:

  1. Very interesting!

    Of course, in Riskail, I would think very low levels of scarcity, would lead (at least in places) to an economy based on reputation. Something like Doctorow's whuffie, maybe?
    http://en.wikipedia.org/wiki/Whuffie

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  2. @Trey: Reputation has a role to play in Riskail, certainly, but most attempts to establish so-called reputation-economies tend to be bully-enabling cluster-boinks. We'll take a look at Doctorow's Whuffie--thanks for the link!

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  3. We're actually more interested in the Social Credit theories of C. H. Douglas, as those were actually tried-out and implemented to some extent in Canada...and it leads to such interesting things as the Citizen's Dividend. It might not be the answer, but it is intriguing stuff...if you're at all interested in speculative socio-conomics...

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