Complimentary currencies for social change
From Nexus, via Kuro5hin :
BL: The reason I went to the Central Bank in the first place was to check whether it was possible to improve the conventional money system from within. I had been working for a number of years in South America, and I had seen the damage that the existing money system has created on a huge scale in Latin America.
[...]
RD: So the Third World is just being abandoned?
BL: Yes. Entire continents. Africa for instance has been dropped off the world economic map for most practical purposes.
RD: And re-envisioning and re-engineering money itself could change this?
BL: Correct. And the good news is that such re-engineering of money has started to happen if one knows where to look.
A fascinating look at what one presumes is an endangered species: a technocrat interested in a form of social change other than his own upward mobility. Concepts such as "innovation" in both monetary policies and in currencies themselves are entirely foreign to most amateur economists such as myself -- and, according to the interview, most professionals also.




