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Excerpt from the
article: A market where you don't
need money!
(full
article)
Rebuilding local economies ravaged by globalization is certainly a
daunting project. When people think of this task, they usually think of
marches, boycotts, letter writing campaigns, and other labour intensive
tactics. Well there is another tool in our arsenal - a tool that is highly
effective, easy to implement, and creates its own popular support. It
involves something that people have to do almost every day: spend money.
The tool that I'm speaking of
is community currency. Creating a local currency increases the quality of
community life by mobilizing unused time, tools, goods and services.
Everyone in a community has skills, time, tools or goods to share; local
currencies are simply a way of facilitating an exchange of these goods and
services with neighbours. The growing popularity of these systems is based
on a common appealing principle: money should work for people, not the
other way around!
Over 500 U.S. towns issued
community scrips during the depression and now thousands of alternative
currency systems are in place around the world. For example, in Ithaca NY,
3000 individuals and 300 businesses use "Ithaca Hours" - a system which
has created over $1.5 million in local trading. Local currency systems
help shorten food links, and are highly successful in helping communities
recover from economic decline.
Community currencies are
popular because they enable people to achieve a number of different goals.
They help to alleviate underemployment by increasing people's buying
power. This allows people to meet needs and even afford luxuries (like
music lessons for a child or a romantic catered dinner) beyond their
current cash income. The system also promotes sustainable forms of
consumption by connecting people with local resources instead of goods
brought from far away. Increased buying power is not at the mall, but is
for goods and services made right in town.
(full
article) |