Feasta Currency Group members believe that community (or public) banking could form a central component of a healthy future Irish economy. There is an urgent need to expand this sector in Ireland in order to help protect the Irish economy from debt-related financial risk, stimulate community development and help bring about the transition to a growth-neutral financial sector.
This gathering brought together people from many countries and different walks of life to consider how we can best stabilise our increasingly rocky and ecologically toxic global financial system. Report by Caroline Whyte.
The fact that most money is created on a basis of debt is putting hidden, but dangerous, pressure on the biosphere, argues Caroline Whyte.
"Watch how our politicians demonstrate Einstein's definition of madness - trying over and over again what has already failed - because they cannot grasp that the time is for degrowth - and a lot of sharing - rather than their insane attempts to grow more powerful at the expense of others in a disintegrating world." writes Brian Davey.
"If we're to have any chance if keeping to the 1.5 maximum target, the European Commision will need to be much more realistic about its priorities. I very much hope that the next time the EC does a consultation call on climate change, its framing will have shifted," writes Caroline Whyte.
In this submission we argue that the EC's overall goals need to be re-examined if it is truly to eliminate greenhouse gases. The focus now needs to be on wellbeing, not on growth.