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.
What do you think? Leave a comment below. See our commenting guidelines.
Sign up for regular Resilience bulletins direct to your email.
Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.