Building a world of
resilient communities.

MAIN LIST

 

Essential Knowledge for Transition: Money and Banking System


The second in a 3-part series of teleseminars on economic transformation by Marco Vangelisti.

Money and Banking system

Currently, the money and banking systems are conflated (money is mostly created as debt by the banking system) and by their very design they demand continuous economic growth and an ever expanding level of debt (public and private). There is very little understanding in the general public about what money is, how it is created and how the banking system operates. Only a fundamental shift in the design of the monetary and banking systems will allow for a viable way of addressing increasing inequality, the mounting problem of public and private debt and make possible a shift towards a sustainable steady-state economy that works for everybody and is compatible with environmental stewardship.
 
Reference materials

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.


What's the Best Way to Grow the Co-operative Economy?

Regional cooperative development based on grass-rooted practitioner wisdom …

Greece and the Limits to Growth

Certainly there is reason to pause and to question the idea of infinite …

Greece: the bad apple of the bunch?

If the "Limits to Growth" model describes the present situation, …

It Was the Creditors who Pushed Greece over the Edge

If they had truly cared, the creditors could have easily prevented a …

Living Co-operatively: Everyday Dissent

Co-operatives (housing, energy, food and worker) act in opposition to the …

Laudato Si: Signalling towards Degrowth?

But whether or not „degrowth“ would make a better translation of …

Closed In and Crowded Out: Urbanising against the City

European institutions were designed to direct flows of global capital. In …