Mutual credit articles

Mar
29
2020
Dave Darby

Building the new economy: how to keep local economies trading in the economic slump caused by the coronavirus

3

This is the last of six articles this week about how we can keep local economies afloat during the coming economic slump. There is already a scarcity of money, as the coronavirus crisis forces businesses to lay off workers, and sole traders to give up. But it will get much worse. How can we keep communities alive, and local economies trading when there’s no money around? Mutual credit can solve the problem of scarcity of money in the wake of the coronavirus. The Open Credit Network are building a mutual credit network for the UK. Read more …

Mar
25
2020
Tom Greco

The global money system: not the kind of ‘normality’ we should return to after the coronavirus crisis is over

1

This is the fifth in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around.

Here Tom Greco describes the system that the financial elite will be pushing us to revert to after the coronavirus crisis is over. Read more …

Mar
24
2020
Geoff Turk

“Flat Earth” Money, and why there doesn’t have to be a global cashflow problem

0

This is the fourth in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around.

Here Geoff Turk asks why money has to be scarce, and why we can’t just exchange products and services with each other, without using money, that’s issued (as debt) and controlled by giant banks. Read more …

Mar
23
2020
Matthew Slater

The exchange medium for the coronavirus crisis: crypto or mutual credit?

2

This is the third in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around.

Matthew’s article goes deeper into the concept of mutual credit, and compares its potential to cryptocurrencies in an economic depression. Read more …

Mar
22
2020
Dil Green

Covid-19 Mutual Aid Groups should look to Mutual Credit for economic resilience

0

This is the second in a series of articles this week about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around. Read more …

Mar
21
2020
Oliver Sylvester-Bradley

Mutual credit is a solution to the COVID-19 economic crisis

0

This is the first in a series of articles over the next week or so about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around. Read more …

Mar
8
2020
Chris Huskins

Small farms, land co-ops and mutual credit: Chris Huskins of Fanfield Farm, Part 2

0

This is Part 2 of a conversation between Dave Darby of Lowimpact.org / the Open Credit Network and Chris Huskins, a smallholder tenant of the Ecological Land Co-operative, starting a veg box scheme in East Sussex, building his own home, and looking to trade via mutual credit. Read more …

Mar
1
2020
Tom Greco

Local currencies: what works, what doesn’t

2

Thomas H. Greco, Jr., author of The End of Money and the Future of Civilization, shares just some of his wealth of knowledge about what works, and what doesn’t, when it comes to local currencies. Read more …

Feb
16
2020
Matthew Slater

Coming together to build a new economy: Matthew Slater, barefoot economist and Credit Commons co-designer, Part 2

0

In part 1 I described why a resilient economy needs be to separate from the failing capitalist juggernaut and that we need to start by finding new economic partners from without the Market. Read more …

Jan
26
2020
Dave Darby

Disillusioned with the parliamentary route to a better society? Here’s an alternative.

8

Before the election in December, I had a ‘lively debate’ with a friend – an old-school Labour supporter and Corbynite – who was trying to convince me that the only way that we can have an effective social safety net is by voting in a genuinely redistributive party, taxing the rich properly and spreading wealth back into communities. Read more …

Jan
19
2020
Phil Christopher

Natural building and mutual credit: Phil Christopher of Huff & Puff Construction

0

This is an informal chat with Phil Christopher of Huff & Puff Construction. He’s a natural builder who has registered his business with the Open Credit Network. He sees mutual credit as a way to build an alternative economy – sustainable, based on small- and medium-sized businesses, and embedded in communities. We talk about ways we might build little ecosystems of businesses, doing at least some of their trade with each other in mutual credit; and then linking those networks together to create a national system – the Open Credit Network. Read more …

Jan
1
2020
Dave Darby

Is Greta Thunberg right, and if so, what do we do about it?

14

I identify with Greta Thunberg. I’m also aspergic, and I understand why she’s so motivated. I talked with several people over the Christmas period who don’t like her, for various reasons – her voice; her team fly even though she doesn’t; her parents are manipulating her; she’s too angry; she once used a plastic bottle, and so on. Read more …

Dec
22
2019
Dave Darby

What I’ve discovered about the money system and how the world is run, since working with the Open Credit Network

0

In the summer of 2018 I went along to Open2018 to see Matthew Slater talk about how we might shake up the money system with a global Credit Commons. After his presentation, Matthew and I met with Oliver Sylvester-Bradley of the Open Co-op, who organised the event, and decided to build a mutual credit network for the UK. Read more …

Dec
8
2019
Oliver Sylvester-Bradley

Become one of the first movers in a new, collaborative economy: Open Credit Network Alpha launch

2

Lowimpact.org are working with Open.coop to build a new, co-operative, moneyless, mutual credit trading system for the UK, with a view to joining many similar schemes around the world to create a new global trading system, that requires neither banks nor interest. The point of this article is to invite you, if you own or work for a small businesses, to join the directory, find new customers and suppliers, and trade in mutual credit, in cash, or in a combination of both. Read more …

Dec
1
2019
Dave Darby

New topic – ‘commoning’ – and why ‘the Tragedy of the Commons’ is wrong

0

At university, back in the 80s, we were taught about ‘the Tragedy of the Commons’ – an essay by Garrett Hardin, about how common resources are always abused, because humans are basically selfish. It seemed plausible at the time, but has since been shown to be false. Read more …

Nov
10
2019
Lynn Foster

How the REA / Value Flows model can change the world: Lynn Foster of Mikorizal (Part 2)

0

Here’s the second part of our interview with Lynn Foster of Mikorizal and the Value Flows model. Part 1 is here. Read more …

Oct
6
2019
Dave Darby

We’re on the Extinction Rebellion main stage in central London on Thursday afternoon

3

I’m excited to report that we’ve been given an hour on the main stage at Extinction Rebellion in the Mall on Thursday afternoon from 2pm. When I say ‘we’, it will be me and Oliver Sylvester-Bradley of the Open Co-op – we’ll speak for 10 minutes each, then take questions for 40 minutes. We’ll be talking about an ‘economic rebellion’ – practical steps that people can take to help build a new kind of economy that doesn’t damage nature and doesn’t concentrate wealth. Read more …

Sep
22
2019
Dave Darby

Does anybody fancy a free, one-day course on the viable system model (VSM)?

6

I recently interviewed Trevor Hilder, a specialist in the viable system model. I’ve been interested in it for a while, since I heard from credible sources that it could be a valuable tool for building the new economy. Read more …

Aug
4
2019
Dave Darby

What’s the difference between capitalism and a free market?

3

People usually conflate the two, but I want to try to persuade (mainly the right) that capitalism is nothing like a free market, and (mainly the left) that there’s nothing wrong with a truly free market. Read more …

Jul
28
2019
Matthew Slater

How to build a global, moneyless, interest-free trading system: Matthew Slater of the Credit Commons Collective

0

Today I’m talking with Matthew Slater, author of the Credit Commons white paper – an idea to link together mutual credit schemes anywhere in the world to create a global, moneyless trading system. Read more …

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