---------- Forwarded message ---------- From: Great Transition Network <[email protected]> Date: Sat, Jul 1, 2017 at 8:31 PM Subject: Money for the People (GTN Discussion) To: [email protected]
From Paul Raskin <[email protected]>
------------------------------------------------------- Dear GTN, The old proverb—money is the root of all evil—may overstate the case, but money is, indeed, implicated in the iniquitous debt/growth spiral now degrading Earthland. Mary Mellor explains in her new GTI essay, “Money for the People,” that it needn’t be so. The modern money system is a social construct that evolved to spur capital accumulation, but lingers on in an era needing, instead, to throttle consumerism, debt, and the economic growth machine. Rather than creating money privately through bank lending, as the current system does, an alternative approach—public money—can undergird an economy oriented toward people and use value, not profit and exchange value. I think you’ll find Mary’s vision of a critical institutional pillar of a Great Transition economy illuminating, intriguing, and inspiring. Please read it at www.greattransition.org/publication/money-for-the-people, and let the comments and questions begin! How would public money work in practice? How would it interface with the market? How might its pursuit contribute to strategies for system change? Comments are welcome through JULY 31. Looking forward, Paul Raskin GTI Director HOW WE WORK Odd-numbered months are for internal GT Network discussions; even-numbered months are for public dissemination. You will receive all comments via email, and can review the entire thread online at www.greattransition.org/forum/gti-forum. The essay will be published alongside a “Roundtable,” comprised of selected comments from the GTN discussion and a response from the author. PS: Apologies for any difficulties getting to the website over the past couple days. It’s back up and running! ------------------------------------------------------- Hit reply to post a message Or see thread and reply online at http://greattransition.org/forum/gti-discussions/191- money-for-the-people/2362 Need help? Email [email protected] -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens