'Why don’t we create a social stock market, where all the social businesses are listed and we can buy the shares of those companies that we feel excited about.' (Prof. Muhammad Yunus, Nobel Peace laureate)
The Social Stock Exchange Association has been registered in Germany and its aim is to establish such kind of a social stock exchange market as Prof. Yunus has dreamed of, integrated in the regular existing stock exchange market. They are facilitating the process of financing social projects, while the return on investment for the investors is often not money, but social impact value.
When I think of the future of money and the financial markets, this idea is very close to what's on my mind. Lets see the situation a little bit in details. Money is basically a tool which makes product and service transfers faster and easier, while behind the money there is a common value agreed by societies. In the ancient societies, very often this value was food or raw materials. Then later on people found gold such a thing which they would use as a value-base, and judge one's wealth based on it. A certain amount of gold has been translated to a certain currency, and that is very close to the system we currently use in the world finances, however, the current system is of course way more complicated that my small explanation. Anyhow. The point is, that it took a decision first, to select gold as a basis of wealth.
However, it does not take much to question this decision, especially in our world today, where more and more social innovators appear, change agents, who ask questions like: why some people shall be so much less wealthy than others? What does really make people happy? What is the role of money in social development? And a lot more...
I see the future of the financial system in such a way, that value will be exchanged for value. What is value? That is always defined by the need at a certain point. Value, in some communities, will be food. In some others it will be helping hands. Again, in some others it will be water. And then they can exchange. I have enough water, but I need more people here to do the work. So you send me people, I contribute to your water supply. Does this need money? No it doesn't. It certainly needs some kind of "resource" at the end of the day, but that is the point: let communities find out what they are strong at, what their main benefits, main resources, main possibilities are. Let them strengthen their existing strong points, and work on their opportunities, and let them use that for the benefit of other communities.
This can eventually create a sense of interdependence, make communities understand that they are all interdependent on each other - they have to contribute, and they can expect contribution, in return.
"Even if it is hardly a financial return can be paid, there are investors willing to invest because of the high social impact their money - Thanks to transparency as here at better place :-)."
You need to be a member of Urgent Evoke to add comments!
Join Urgent Evoke