Sep 05, 2014 No Comments
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.
May 19, 2014 2 Comments
As the 99% become progressively aware of embedded unethical and unfair systemic values, might monetary disengagement become a key part of a trend to separate and distance ourselves from the mainstream economy – a Great Separation? By Graham Barnes.
May 14, 2014 No Comments
Interest-free banking, such as that carried out by the JAK banks in Scandinavia, has been attracting considerable attention lately. But does it really matter whether a bank charges interest or not? After all, every bank has to charge for its services or it won’t stay in business. This article by Richard Douthwaite and John Jopling from the second Feasta Review discusses the issue.
Dec 16, 2013 No Comments
Yesterday’s exit of the troika simply indicates a transfer of Ireland’s allegiance back to the international bond markets, not a restoration of sovereignty. The Irish economy’s profound vulnerability could be addressed via a commons-based financial system and energy independence.
Nov 27, 2013 2 Comments
Just when the implications of ‘over-professionalising’ banking and allowing an overpaid clique of casino-managers to screw up the real economy are becoming clear to the masses, we are being encouraged to think we can’t do without them. If this rearguard action succeeds, the opportunity for innovation – for example in the capital financing of energy projects – will be lost. By Graham Barnes.
Oct 15, 2013 No Comments
Sep 16, 2013 No Comments
Entrepreneurs are often assumed to play a heroic role in the economy, with some shades of tragedy. In a second excerpt from his new book Brian Davey argues that the heroism of entrepreneurs may be somewhat exaggerated, whereas the tragedy is probably downplayed. Co-operative approaches to doing business generally prove to be more compatible with the real world.
May 24, 2013 No Comments
Apr 17, 2013 3 Comments
Basic financial security should be a right for all members of society, yet our present social-welfare system does not adequately support this right and has many other serious flaws. Anne Ryan explains how a universal basic income would increase everybody’s capacity to cope with financial shocks and uncertainties far more effectively than the current system and how it would also improve general quality of life, while supporting many different kinds of work, with or without pay.
Feb 07, 2013 1 Comment
In this article Caroline Whyte makes a case in favour of global per-capita allocations of funds from the share in Cap and Share: a sort of worldwide cash transfer programme. She draws on recent development theory, technological innovations and research on social and economic equity to bolster her argument.