Graham Barnes argues that the misallocation of credit by banks exacerbates instability and inequality, and results in the neglect of projects that aren't profitable. He proposes two possible solutions.
In this presentation given at the University of Nottingham on April 4, Brian Davey investigates the historical roots of the growth-based economy. He critiques the assumption that renewable energy could take over from fossil fuels while maintaining economic growth, and goes on to discuss some ways forward.
Feasta’s Mark Garavan suggests in an article in his blog that QE should be used only to buy new Solidarity Bonds issued by the European Investment Bank and European Investment Fund which then should only be used to invest in developing new Green economic activities and Green research. He goes on to suggest that the distribution mechanism should be the nation states but also, if not primarily, new regional co-operatives which co-ordinate local investment programmes in Green energy, food and social network provision.…
Money is either a reward for past work, or (when issued through the device of credit) an advance secured in expectation of future work. From this viewpoint we can see money as an aspirational commons - a Common Pool Resource backed by our collective efforts, that with the right governance regime could be managed equitably and to mutual benefit. By Graham Barnes.
In the second part of his commentary on the Community Energy Position Policy Paper, Erik-Jan van Oosten suggests some creative means to achieve financing for renewable energy projects.
For the first time a cryptography-based currency or altcoin, Auroracoin, has designed-in a predistribution (via premining) of currency. This article sets out a draft vision of how an altcoin that is designed to give priority to positive aspects of living neglected by the financialised economy might operate. By Graham Barnes.