Building a world of
resilient communities.

MAIN LIST

 

97% Owned – Director’s Cut

Off the back of href="http://www.darkoptimism.org/2012/05/17/transition-money-reflections-on-a-fascinating-theme-and-day/" target="_blank">my recent post on Transition Money, this excellent new short film, href="http://www.positivemoney.org.uk/97percent" title="97 Percent Owned" target="_blank">97% Owned, explains the privatised, debt-based money system we currently use. The one that allows UK banks to simply create around £200,000,000,000 (£200bn) a year and use it as they see fit – without any oversight – to shape the economy and control politics, causing crises, creating inflation and pushing house prices out of reach.

Most of us work for money, but these people are magicking it up and then using it to pay others to do whatever they please. How is this different from legalised slavery?

And we are the slaves. href="http://sacred-economics.com/" title="Sacred Economics" target="_blank">There are alternatives, and yet we continue accepting this datetime="2012-05-19T22:36:20+00:00">system scam, largely because we have been tricked to believe that economics is complicated and *yawn* href="http://www.darkoptimism.org/2012/05/17/transition-money-reflections-on-a-fascinating-theme-and-day/" title="Transition Money" target="_blank">boring! And yes, I have to admit, what could be more boring than being able to create money from thin air..?

( href="http://www.youtube.com/watch?v=XcGh1Dex4Yo&feature=relmfu" title="Feature-length 97% Owned" target="_blank">a full feature-length version of 97% Owned is also available)

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


A New Economy Will Help Save Rivers and Fisheries

Globalization and cheater economics have been destroying the world’s …

How a credit union is increasing access to affordable, responsible financial services

Founded in 1980, Self-Help works to create and protect ownership and …

David Graeber on the Utopia of Rules: Why Deregulation is Actually Expanding Bureaucracy

The current economic system advances through free trade and deregulation; …

The Shale Debt Redux

US shale and Canadian oil sands account for about 18% of global production. …

Transformation or Replication? On the Aftermath of the Greek Government Shift

We might err, but we believe that in the night of the elections in January …

The "Naturalness" of the Commons

When you live in a community, you see how it’s the most natural and …

The Global Economy’s “Impeccable Logic”

Does morality have any place in conventional economic thinking?