THE FUTURE OF MONEY Bernard A. Lietaer About the Author Bernard Lietaer had thirty years of professional experiences, which tend to mutually exclude each . The Future of Money has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem. Bernard Lietaer March 1. The Future of Money: How New Currencies Create Wealth, Work and a Wiser World. (Book #2 – US Version). June
Sustainable Abundance provides humanity with the ability to flourish and grow materially, emotionally and spiritually without squandering resources from the future. Futurs has been performing this feat in a rather spectacular way.
The rabbit that appears to come out of the magician’s hat is not really coming from the hat, either. Excellent food for thought and action.
This is particularly true in light of the fact that working solutions are already underway, with thousands of communities around the world taking their own money initiatives. According to Nobel price winning physicist Ilya Prigonine the further you are from equilibrium the more traumatic, the more accelerated, the more non-linear is the behaviour of the systems unless placed on a new and sustainable level playing field.
Economists will correctly argue that productivity improvements in one sector tend to create jobs in other sectors, and that therefore ‘in the long run’ technological change doesn’t matter. Most people, when they find out where money really comes from, are as disbelieving as some children when they first find out where babies fuhure from.
The Old Story is not functioning properly any more, and we have not learned the New Story. What is remarkable is that even after identifying the key role of information systems in structural change the most important of our economic information systems, our money system, has been ignored lieaer a key leverage point for inducing the necessary and desirable changes.
This includes specifically in our case the effects of different money systems on the quality of human interactions, on society at large, and on ecological systems.
The Future of Money
And even these account the future growth in the Staggering numbers do not take into account number of the elderly reflected in Figure 1.
For instance, you are more likely than anybody in previous generations to join this unprecedented population of the lietwer. I do not share Lietaer’s pessimism about the possibility of achieving monetary reform – an issue Greco does not even address as he sees complementary currencies as making it unneccessary – despite the failure of its advocates to achieve it to date. Part One brings our hidden assumptions about money to the surface.
Using this approach, would it not be possible for the Information Revolution to evolve into an authentic Age of Knowledge?
The Future of Money by Bernard A. Lietaer
This is the purpose of the balance of Part One, What is Money? Economics textbooks deal with the question of what money does, but not with what money is. He or she or now with ATMs, ‘it’ will look up your account balance. There is, in short, a definite whiff of the s in the air. Whatever Form you choose, on your island that money changes into paper, plastic, metal or whatever else, but it has ceased to be money. One can even say that central banks compete with each other to keep their currency internationally scarce.
This is an exact reversal of traditional economics, where scarcity determines value. Similarly, the euro – the single currency that, as of Januaryofficially replaced national currencies in 11 European countries has as one of its goals the creation of a more unified European consciousness.
Another of his books was the first to announce the Latin American debt crisis of the s2.
Transaction Net: The Future of Money by Bernard Lietaer
History abounds in examples of people who have chosen torture and death rather than change their beliefs. Sixty years ago, Bertrand Russell, the English futurre, and Lewis Mumf ord, an American authority on culture, both estimated that a hour working week should be enough time to produce all the necessary goods and services in our society. Camdessus did not expect kietaer scale and speed of the South-east Asian crisis ofwhich dwarfed the Mexican episode and necessitated emergency packages that made the Mexican bail-out look puny.
German sociologist Ulrich Becker similarly claims that There is a life beyond the alternatives of unemployment and stress at work Lietare because they had each been generated by the very inventive people themselves, these four megatrends were hard for the people to see, and harder still for them to address. For instance, if Mr. In the Western world, during the current transition period from the Post-Industrial Age, we may not be ready for a pure gift economy.
For instance, if you perform a service of one hour for me, you get a credit of one hour and I get a debit for the same amount. From the perspective of the objectives pursued by the money system, we are still living with what cuture us so effectively into and through the Industrial Revolution. This is definitely not the case, unless we choose to take sleight of hand for reality. Using the high-speed underground, she returns to her other community, the village nestled in the foothills of the Alps, 15 minutes away.
If such a long-term oriented money system were operational today, what would be the ‘cathedrals of the 21st century? This is a real-life demonstration of just how useful a ‘spare tire’ can be when the national currency gets into serious trouble.
We are not likely to visit the hidden assumptions embedded in our familiar money system, and we are ot less likely to re-examine them in search of solutions. The reason for this explosive proliferation is simple: I believe his Terra is a promising idea for an international currency, not least because it would be independent of governments and take its value from a ‘basket’ of real, traded goods. Nationalism, competition, endless growth and colonisation were encouraged.
According to Psychologist Barbara Killinger, ‘Work alcoholism has become the major source of marital breakdown. InAlan Greenspan noted: For the objects of human desire are limitless, or rather limited only by the imagination, which amounts to the same thing.
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