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Examples of Private Initiative Solutions

Five innovations can be implemented without government initiative or new legislation: they are the ones presented in this chapter. The other four examples, more appropriate for governmental initiative, are presented in Chapter VIII. For all their diversity, the nine systems we describe share two common denominators. First, they are all designed to act as complementary systems, i.e. they are designed to operate in parallel with the existing national bank-debt money system. Second, they should ideally all be as transparent for their users as possible. For example, before making an exchange, each party could have the right to see the other party’s account. Transparency allows these systems to be self-policing and reduce potential fraud. These systems would be most cost-effective if they used mobile electronic devices such as mobile phones. Again, each of these initiatives could be made viable on its own. However, if several of them were to be implemented in parallel, their cumulative effect could demonstrate the synergistic power and resilience of what we refer to as a ‘monetary ecosystem’ in Chapter IV. They could also combine with systems that are already operational, many of which have been documented elsewhere.2 We propose the nine examples as if they were on a menu in a restaurant. Choose the one(s) that are most intriguing or relevant to your own specific domain and interest. The page refers to the place where the detailed ‘kitchen recipe’ for that particular system is to be found. We do not recommend the average reader to study all nine, it could be like ordering the entire menu at one sitting and might lead to indigestion... Box 7.1 – Menu of Motivation Systems PRIVATE SECTOR NGO Initiatives: Doraland p.142 Wellness Tokens p.144 Natural Savings p.151

PUBLIC SECTOR

Government Initiatives: Torekes at city level p.168 Biwa Kippu environmental project p.171 Civics at the city or regional level p.173 ECOs at the national or European level p. 179

Business Initiatives: C3 on a regional or national scale p.155 TRC on a global scale p.158

2 For applications at a city level, see in particular Gwendolyn Hallsmith and Bernard Lietaer, Creating Wealth: Growing Local Economies with Local Currencies (2011).

For additional information, and to buy the book, visit www.triarchypress.com/missinglink 141

Profile for Wiebke Herding

Money and Sustainability (Club of Rome, 2012)  

We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need...

Money and Sustainability (Club of Rome, 2012)  

We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need...

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