We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Saturday, November 6, 2010

Time for a New Theory of Money

by Ellen Brown from Yes! Magazine.  

The author provides some of the best writing on money matters for the ordinary person to comprehend. This vital subject, so long obscured by capitalist oriented academics, is necessary to understand if our economies are ever going to function for the benefit of all in an ecologically sustainable way.

Once we design and implement plans for a money management system, the next important step is to provide for the democratic planning of what is produced by the economy. Thus loans would be approved by democratically controlled bodies to insure that they went only to enterprises that added real value to society without harming the environment.
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