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Like the proverbial fish unaware of water, we navigate an economy based on money that few understand, and this ignorance is detrimental. Many are unaware of the profound changes in the nature of money over the past three centuries, especially as recent global financial crises reveal its use as a political tool to centralize power, concentrate wealth, and undermine popular governance. Additionally, the current monetary system's growth imperative drives global warming and other environmental issues. This work clarifies money, banking, and finance by tracing historical milestones and shifts that have transformed money's essence. The author outlines the problems and envisions a future stage in money's evolution that can free individuals and communities from centralized and politicized monetary power. Specific design proposals and exchange-system architectures are provided for local, regional, national, and global financial systems, along with strategies for implementation. Actions required from grassroots organizations, businesses, and governments are also detailed. Ultimately, this work equips entrepreneurs, activists, and civic leaders with the understanding necessary to pursue monetary liberation, empowering communities, preserving democratic institutions, and fostering sustainable economies resilient to financial crises.
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The End of Money and the Future of Civilization, Thomas H. Greco Jr.
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- Pubblicato
- 2009
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