New Economic Perspectives have linked to Vincent Brown on TV3. It is worth reading the comments re Auerback's proposals of 'leave the Euro'; and temporary 'per capita distribution of ECB funds'.
Compiled by complementary currency expert Ludwig Schuster of livingcity.de Germany. 26.09.2011 YES Magazine (USA) Evergreen Cooperative Corporation Cleveland pays workers 20 percent in cash and 80 percent in “capital credits”. “Sustainability in the broadest sense can only be created if you can stick capital where it won’t get up and leave” http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=437&qid=37250 25.09.2011 San Francisco [...]
Recently I had a chat with one of the interns at a local biodynamic farm who explained to me that the farm is currently undergoing a change of ownership. What he told me about the future plans for the farm reminded me of some of the investment models described elsewhere on this site, so I thought I'd write a few words about it. [...]
by Graham Barnes, from Fleeing Vesuvius. No currency will work unless people accept it from each other so this novel money will be put into circulation as a way of rewarding those who are accepting and spending it most.
This exercise does not solve the problem of the EU debt crisis, and raises more questions that it answers in terms of data reliability. However the revelation about how interlinked debt might net out (possibly even to zero) is a policy option. And indeed if this exercise leaves some countries with a large remainder it points to where the real problems are. Either way, it sheds light on the issue and uncovers information.
The fact that so much debt is interlinked presents a real opportunity to solve the problem. The web of interlinked debt is too thick to be dusted away by classroom games, however policymakers should attempt to replicate this study, and they may find that instead of spinning further webs they might get out a duster to clean things up.
Feasta has made a submission to the consultation on the Rio +20 UN Conference on Sustainable Development which you can download below.
Feasta Consultation on Rio +20…