DO IT: NEW BUSINESS MODELS
How to Support fundamental change of the financial system.
Local finance and banking alternatives can help communities and local economies, but their impacts will not be big enough to fundamentally remake the global financial system. For that, policy changes that extend beyond the local level will be needed.
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- The International Movement for Monetary Reform is one place to learn about the policy changes needed to transform the global financial system – in particular, taking money creation out of the hands of private banks and vesting it in governments.
- In the United States, the Public Banking Institute has been pushing for public banks at the state level. Encourage your state to create a public bank with the tips, sample letters, and more in their Advocacy Kit.
- The Pathways to a Peoples’ Economy Toolkit contains a number of policies and case studies on limiting the size and power of banks and creating financial institutions that prioritize the communities they serve. The toolkit is US-based but many of the steps can be applied elsewhere.
- Learn how US cities and states can fight back against the power of big banks in the Banking chapter of Fighting Monopoly Power, by the Institute for Local Self-Reliance. It offers some “potent levers that states can pull to curb the power of megabanks and strengthen and expand community banks and credit unions.” (Scroll down to the section, “How States and Cities Can Fight Back.”)
Get inspired
- The Transnational Institute’s book Public Finance for the Future We Want describes how public finance is shaping regenerative and redistributive economies around the world, from India to Germany, Costa Rica to Vietnam. Available as a free download in English, Spanish, Italian, and Greek.
“We are on the cusp of the fastest, deepest, most consequential transformation of human civilization in history…” — Tony Seba & James Arbib, Co-Founders of RethinkX
Humanity is on the brink of existential transformation, but we’re blind to the deeper processes of change. To recognize the mind-blowing possibility space of the next decade, as well as its catastrophic risks, we must grasp the patterns of history to understand how they can illuminate today.
Rethinking Humanity takes viewers on a whirlwind tour of the rise and fall of civilizations through a powerful lens that makes sense of the past, so that we can step into the present and create our future. During the 2020s, key technologies will converge to completely disrupt the five foundational sectors that underpin civilization, and with them every major industry in the world today. In information, energy, food, transportation, and materials, costs will fall by 10x or more, while production processes an order of magnitude more efficient will use 90% fewer natural resources with 10x-100x less waste.
The knock-on effects for society will be as profound as the extraordinary possibilities that emerge. For the first time in history, we could overcome poverty easily. Access to all our basic needs could become a fundamental human right. But this is just one future outcome. The alternative could see our civilization collapse into a new dark age. Which path we take depends on the choices we make, starting today. The stakes could not be higher.
Source: RethinkX
