---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Mon, Mar 7, 2011 at 2:18 AM Subject: 2006 archive : Chris Cook - The Future of Money is No Money To: [email protected], [email protected], [email protected] excerpt from Chris Cook, "One could add *"The Future of Property is No Property"* since Property, too, *is in fact a Relationship, not an Object*." from a 2006 message : http://finance.dir.groups.yahoo.com/group/gang8/message/10932 more on "Open Corporate" : google search link<http://www.google.be/search?sourceid=chrome&client=ubuntu&channel=cs&ie=UTF-8&q=%22Open+Corporate%22#sclient=psy&hl=en&safe=off&client=ubuntu&hs=wGK&channel=cs&source=hp&q=%22Open+Corporate%22+chris+cook&aq=f&aqi=&aql=&oq=&pbx=1&fp=88d22d22e77e9e9f> http://p2pfoundation.net/Chris_Cook *"it may serve as a framework for the various stakeholders to come together to achieve the common purpose"* ----------------------------- http://finance.dir.groups.yahoo.com/group/gang8/message/10932 Chris Cook excerpt : My thesis is that we now see emerging a new alternative for "investing" in productive assets in the shape of what I call the "Open Corporate". This new "legal wrapper" - which essentially renders the Company obsolete -literally gives rise to a new form of indefinite "Property right" - neither "freehold" nor "leasehold" but "Co-ownership" between user and financier of property. *This in turn is based upon neither Statute (enforced by government) nor Common Law (enforced by judges) but something in between - a form of consensual law best understood by the French distinction between "Contrats de Mandat" ("one way" contracts essentially imposed by one party on the other) and "Contrats de Societe" (contracts, such as partnerships, negotiated and agreed consensually).* I believe that such investment in land through "Community Land Partnerships" (ie Community Land Trusts" which are members of a CLP alongside investors and occupiers, instead of leasing land to tenants) gives rise to a flow of land rental value which may be exchanged on local "clearing systems". Why would anyone want to do this? The answers are: (a) the requirement for "Equity Release" - vast amounts of Capital are tied up in land and property values - in the UK over £1 trillion is held free of mortgage by individuals over 65; (b) the requirement for stable long-term revenue flows for pension investment. Non-toxic "Equity Release" investment using CLP's by pension funds in the properties of pensioners constitutes, I believe, the mechanism through which the process of "Assetizing" money will begin. Finally, I like "The Future of Money is No Money" but consider that in fact what we will see is a Money which is no longer a Central Bank issued Object, but rather a Relationship. One could add "The Future of Property is No Property" since Property, too, is in fact a Relationship, not an Object. Best Regards Chris Cook -- 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