SYSTEMS CHANGE: MONEY CHANGE
I enjoyed the welcome in the July/August issue of Resurgence & Ecologist and would like to add a necessary action to take us further away from the old ‘normal’ of ever-rising economic activity and consumption. Our money system needs changing; it is based on debt created by the banks when they make loans so that there is a pervasive pressure to repay the loans, which requires increasing economic activity. The present money system is the driver for rising consumption. Money should be like cash, an inert medium of exchange and store of value that does not require ...
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