Community currency for local economy : a grassroots innovation for prosperity through democracy?[Essay] by Christophe Place


A faire traduire.

Local economy through ruralisation seems to be an alternative to reach a new valuation of prosperity. However, the classical economical and monetary system induces an explosive engine of growth which bring about social inequality and environmental deterioration. Community currencies are innovative social technologies which not only bring sustainability to the classical system by completing it, but also provide an efficient incentive tool for democratically orientating an economy towards prosperity by managing exchanges through the control of their circulation. Moreover, this economy of abundant access to exchange intermediaries builds a society of cooperation. To support this necessary transition from a classic paradigm to an alternative and creative one, external funding through philanthropy is essential. Both the venture philanthropy sector and community currency microcosms need to progress to transform this utopia in a conceivable hope for our civilization.

Quote article  Christophe Place, « Community currency for local economy : a grassroots innovation for prosperity through democracy? », 10 august 2010, Alternative Management Observatory (AMO), [Essay]

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