THE FUTURE OF MONEY Bernard A. Lietaer About the Author Bernard Lietaer had thirty years of professional experiences, which tend to mutually exclude each . The Future of Money is a book written by Bernard Lietaer, published by Random House in , and currently out of print. It was written as an overview of how. The Future of Money has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem.
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It is a development that is neither automatic nor preordained. We accept it with the pragmatism of an innocent child, unaware of the mystery behind the transaction. Its legacy – the money system that prevails today looks as if its designers had asked: The best study on the transfer of wealth via interest from one social group to another was performed in Germany during the yearwhen interest rates were at 5.
Although they make a point where they appear, they can also stand-alone.
The Future of Money
Imagine that you have bought the first fax machine ever produced. According to Psychologist Barbara Killinger, ‘Work alcoholism has become the major source of marital breakdown.
This global casino is triggering the foreign exchange crises which shook Mexico inAsia in and Russia in More sobering issues, however, will need to be addressed during the current transition period.
The quality, accuracy, relevance, and utility of information are not givens. Lietaer gives examples of different currencies that have been used in the past or are being used today, and his assessment of the positive and negative effects they carry. We saw that our oldest information systems are money systems chapter 1 remember, even writing was initially invented to record financial transactions. How can we prepare for the possibility of a monetary crisis? Like all magicians, they don’t like to show their tricks.
However, until then, or in the absence of reform, these currencies are likely to become of increasing importance to survival.
Interest The last obvious characteristic common to all official national currencies is interest. At least when the dollar was backed with gold, we could more easily believe it had some objective value.
Arrow Books Ltd December 31, Language: Less obvious is the mechanism of the interest, which will be shown to foster competition among users of the currency.
Transaction Net: The Future of Money by Bernard Lietaer
Already in20 million Netizens made at least one purchase on the Net, resulting in billion in sales. Practically nil, because there is no one else with whom to communicate at that point. Futture values are what shaped the monetary and lieraer systems we inherited. Further below the radar beams of officialdom is the remarkable and explosive growth of grass-roots complementary currencies of various kinds.
Today’s interpretation of money needs to be questioned if we are to address these issues. Other examples will be given in the next chapter. Specifically in Europe, the traditional ways to handle unemployment are increasingly failing.
The origin of money’s power Besides magic, we also endow money with power.
Full text of “The Future of Money-Bernard Lietaer”
Interest ljetaer encourages systematic competition among the participants in the system. The message is not new- lets emerge from the era of interest-bearing national debt-based fiat currencies that no longer serve humanity’s interests- but some of the proposed approaches are refreshing.
There is never a shortage of money for warfare! What is remarkable is that even after identifying the key role of information systems in structural change the most important of our economic futuer systems, our money system, has been ignored as a key leverage point for inducing the necessary and desirable changes.
Because comparison- shopping is so easy on the Net, it fuuture to be a fiercely price-sensitive market. Jobless growth for major corporations worldwide is not a forecast, but an established trend. And even these account the future growth in the Staggering numbers do not take into account number of the elderly reflected in Figure 1. Yet the prevailing money system prescribes all of our economics, and much of our current social behavior and political climate. The global monetary crises, that periodically make media headlines, expose the cracks in the old money system.
This is definitely not the case, unless we choose to take sleight of hand for reality. It lifts the veil around money to familiarize us with its nature, and with the creation and operation of conventional national currencies.
fuuture Even in this respect, there are long-forgotten religious ,ietaer for this process. He ends part one with five scenarios speculating what might happen if the five core problems mentioned in the first chapter come to lietadr, especially after a widespread monetary crash. We learn that ah living things eventually die, and witness the death of a relative, friend, or perhaps a pet.
The first is my favorite Alan Greenspan witticism: Events in recent decades have further made evident the non- material nature of money. Articles lacking reliable references from July All articles lacking reliable references Articles needing additional references from November All articles needing additional references Articles with multiple maintenance issues.
Perhaps this sounds obvious, even trivial, but the full implications of each one of these features are much less clear. Yamada’s th birthday – an important day. Creating Sustainable Abundance with complementary currencies Without throwing away the positive contributions of the existing system, we can add new possibilities.
The only exception to this rule has been in the past twenty-five years or so, when one particular national currency – the US dollar has become the global currency. The future of money therefore lies not only with the further computerization of our conventional currencies – such as dollars, euros or yen via smart cards and other new information technologies.
The interesting details and case studies, too, seem too bent towards the purpose of the book, all presented as winning strategies flattening out the complexities that they surely have to deal with in their implementation and sustenance.
Lower down on the totem pole, when your bank checks on your creditworthiness, it is really verifying whether you are capable of competing and winning against the other players, i. In contrast, the cost of computing power halves every 18 months.
In summary, the current monetary system obliges us to incur debt collectively, and to compete with others in the community, just to obtain the means to perform exchanges between us.
However, every newly installed fax machine increases the value of your fax machine.