Government

What can governments do to address the banking crisis, remedy unemployment, poverty and ecological threats, and create conditions for sustainable abundance?

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How can time-tested currency innovations such as mutual credit systems help businesses of all sizes deal with cash flow shortages and monetary instability?

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What can communities do to leverage their untapped wealth and connect resources that would otherwise remain unused with needs that would otherwise remain unmet?

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What can scientific and academic research tell us about how to design and implement more effective and resilient monetary systems?

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What types of complementary currencies could help us overcome current obstacles to the flourishing of our educational, energy, commercial, and other systems?

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Video of Tedx Talk in Berlin (November 2009)

Submitted by on January 17, 2010 – 1:37 amNo Comment

Overview:  In this talk, Bernard explains that the current banking crisis is a structural crisis which requires a systemic solution.  Studies have shown that a natural ecosystem’s ability to thrive and flourish critically depends on its having the right balance between two key variables: efficiency and resilience.   This appears to be equally true for socio-economic systems.  Our monoculture approach to currencies may be very efficient, but it is not resilient and can crash easily.  And it has done so many times.   The study of national ecosystems also shows that diversity is a key factor of resilience.   And that is as true of our socio-economic systems as it is of our natural ecosystems.   The structural solution to our current crisis is to adopt a diversity of complementary currencies, i.e. currencies that circulate in parallel to national money, and that help connect untapped resources and unmet needs when national currencies fail to do so.   These complementary currencies can be started on any scale with great benefits and can play a very important role in helping to prevent unemployment.