Saturday, 11 January 2014

Evolution or Revolution? Democratising Money

This is the title of a seminar panel discussion-debate hosted by Professor Michael Mainelli, Chairman of the Z/Yen Group, and co-sponsored by Cooperatives UK, New Economics Foundation and Community Currencies in Action (CCIA)

The seminar takes place on Thursday, January 16, 2014,  between 8:30-10:00 am
at 90 Basinghall Street, London EC2V 5AY.  
Free admission is assured by booking on the site of Long Finance.

The aim of the seminar is to consider details, support and processes for adapting mobile phone technology to create an alternative form of money so as to:
  1. Sustain funding for SMEs in the event of another financial crisis
  2. Stimulate the economy on a sustainable basis without inflation or cost to the government or taxpayers
  3. Establish a sustainable stable unit of value not subject to debasement or volatility created by governments, central bankers, speculators, terms of trade or alien market forces
  4. Allow local services of nature to define the value of money, prices and costs to make market forces dependent on sustainable environmental values
  5. Sustain low cost finance for business by introducing a usage (demurrage) cost for money hoarders
  6. Remove the incentive for holding wealth in the form of money rather than sustainable productive activities
  7. Reduce misallocation of resources, wealth inequality and so taxes and welfare by removing the ability of money to earn interest
  8. Reduce the percentage of GDP absorbed in financial services rather than providing universal sustainable prosperity
  9. Mitigate or remove market forces that favour burning carbon rather than use sustainable energy
  10. Issue and manage money through cooperative or mutually controlled financial institutions to enrich a sustainable democracy
One of the speakers is Dr Shann Turnbull of the Sustainable Money Working Group (SMWG), whose paper "Can Democratic Money with Environmental Values Reduce Market Failure? " is posted on the site of Long Finance.

For more information, see:

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