[P2P-F] Fwd: Money for the People (GTN Discussion)

Michel Bauwens michelsub2004 at gmail.com
Sat Jul 1 16:37:16 CEST 2017

---------- Forwarded message ----------
From: Great Transition Network <gtnetwork at greattransition.org>
Date: Sat, Jul 1, 2017 at 8:31 PM
Subject: Money for the People (GTN Discussion)
To: michelsub2004 at gmail.com

>From Paul Raskin <praskin at tellus.org>

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

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!

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