Creating & Directing Public Money : Mary Mellor
Friday 25th April 2014, 6pm for 6.30 start Book here
Teachers Club, 36 Parnell Sq. , Dublin
FEASTA, the Foundation for the Economics of Sustainability, persuaded Prof. Mary Mellor. the author of ‘The Future of Money’ to give a lecture/ discussion in Dublin on the practicalities of reclaiming the power of money-issue from the private banks, and directing its spend-into-use in a truly democratic fashion.
For the last 40 years or so private banks have been given the right to create money and lend it at interest where they will, and have progressively abused that power. In the process they have relegated the nation state to a junior partner in the implementation of economic policy, and undermined our democratic institutions. Their globalisation project is trashing the planet, and they are the ones churning out the prevailing ‘there is no alternative’/ austerity narrative. The neoliberal caricature of private-good public-bad is now being exposed for the flawed position it is, but how exactly might the enormous vested interests of the status quo be countered and the inevitable inertia and resistance be overcome?
Subtitled by FEASTA ‘Can we have our money back’, the event was run in conjunction with Sensible Money and represented a one-off chance for in depth interactive questioning of one of the leading thinkers around monetary reform.
Note: Feasta is a forum for exchanging ideas. By posting on its site Feasta agrees that the ideas expressed by authors are worthy of consideration. However, there is no one ‘Feasta line’. The views of the article do not necessarily represent the views of all Feasta members.
Graham Barnes is a Currency Innovation Strategist. He is a Director of Feasta and co-organiser of the Feasta Currency Group. He holds a PhD in Computer Science and worked at a senior level in IT and online marketing in a previous life. His current projects include the design and delivery of currencies to be sponsored by a local authority; by a social entrepreneur to complement and enhance a well established sustainability methodology; and by a restaurant chain.