Urgent Evoke

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The future of money is a PARADIGM SHIFT

I tried not to get anchored by the title of our mission. “The future of money” this phrase brings to my mind thoughts pleading “the money of the future”.

In my opinion, the future of money is not just about an original currency, or an innovative trading system but more about the future of economy. This implies that the future of money relies on a SUSTAINABLE AND FAIR WAY TO DISTRIBUTE WEALTH.

My husband and I were discussing this, we spent time talking about all these big companies during the crisis which decided to fire hundreds of employees in order to avoid loosing benefits, they decided to sacrifice their people, which are human beings (persons and their families) instead of sacrifying some colorful pieces of paper stored in a bank account or the numbers displayed by the screens at the stock market.

So, we came to the conclusion that it is almost impossible to distribute wealth because most people we know would not have a problem with becoming obscenely reach in detriment of others; seems like this is not immoral anymore!!

Then I came across with the fact that our “impossible” idea is actually being put in practice, yes, there is hope! It is called Workplace Democracy. Please visit: http://workplacedemocracy.com/about/

The principle of this idea is that when employees own their job, they take better care of it, work harder, they get really involved as they take part of decisions AND in times of hardship, they would not kick themselves out with zero unemployment benefits.

This new way of distributing wealth fits perfectly with small and medium enterprises, specially manufacturers, cleaning, house keeping services, carpentry, agriculture, construction, you name it.

The reason why I forecast a success for this emerging culture of wealth, because 23% of the companies in USA count with less than 100 employees. Even more encouraging is the fact that 98% of all businesses in the European Union have 1-49 employees. Figures from developing countries could be identically uplifting.

Now, the way employees could buy a share of business from their current employers could be financed with micro-credits, also by creating community development banks or “cooperative banks” specialized to fulfil the needs of each business activity.

There is also the need to develop regulative policies for this innovative economic improvement. Social Security and Revenue laws would have to be modified in accordance, in order to offer a suitable framework to this economic and cultural turnaround.

And why should this WD succeed: because not one but two presidents of the United States of America: Franklin Delano Roosevelt and James Earl Carter, Jr. would approve and promote this initiative worldwide.

Please watch: http://www.youtube.com/watch?v=effDfpKYcVo&feature=related

and:http://www.youtube.com/watch?v=-tPePpMxJaA


Well, I am eager to have your opinions, specially those comments related to the potentially negative effects of this revolution including those concerning mass consumerism.


Views: 63

Comment by Michael Texeira on April 3, 2010 at 5:25pm
I like this very much. there are major cultural shifts and cognitive shifts that the ma**** would have to make regarding their concepts of power and empowerment, and there would have to be a lot of recognition and letting go of victim mentality across the board for it to happen widely, but it has a lot of potential. thank you.
Comment by Ternura Rojas on April 3, 2010 at 7:42pm
OH! thank you, I feel flattered, I will do that. Cheers, T
Comment by Catherine Gentry on April 3, 2010 at 8:22pm
Certainly a lot of wisdom in this post. In contrast to FDR's "right to a job, etc.," I'm curious about the wh*** concept of JOBS though. What do jobs do for us generally other than bring us money to use in consumer society. Most industries in our world today produce goods and services which perpetuate not only the rat race, but the continued polluting of our planet and destruction of our society. I am reminded of a TED talk by Chris Jordan about how all of "our unconscious habits are adding up to catastrophic consequences..." http://www.ted.com/talks/chris_jordan_pictures_some_shocking_stats....

I believe (and I imagine that you would probably agree) that a complete paradigm shift must occur. You and other Evoker's have given me much to think about...I'll try to put my concepts into a more comprehensive article. Thanks.
Comment by MichalHuller on April 3, 2010 at 8:47pm
Termura, this is a great article.
I think about the economic-politic problem the same as you and so I wrote on my LEARN5.
The idea of Job sharing - owning is very interesting.
Today, there are place were there are Union Banks and the customers are actualy members and owners of the bank too.
I understand it's about the same idea.
The big issue here, is to move the Regulation up-to this target, because they're so slaw.
Comment by Turil Cronburg on April 3, 2010 at 9:03pm
Yes, Catherine, I too think that a paradigm shift in the culture will be even more focused on merging together the ideas of job and life, where what we do is a more open ended concept that changes regularly as our interests and environments change. This way, people won't have an employer, they will just do the things that they feel are worth doing, and seek out others who can either help them do things, or just appreciate the things they do in some way.

My vision includes community think tanks, fabrication studios. and school/solution-centers where people can do the kinds of things they want to do and collaborate with others on larger projects.

There are a lot of these kinds of places starting to pop up around here, from geeky labs for giving entrepreneurs a place to create start up businesses, to nonprofit community spaces for people to do work together, like my own favorite place, Sprouts, where I've been invited to help create a community garden, while I get to hang out with people who make robots for a living. :-)
Comment by Michael Texeira on April 3, 2010 at 9:25pm
there's an amazing TED talk on Blue Zones or areas of extended longevity where a japanese concept is discussed, which loosely translates as "the reason I get up in the morning". turns out that energy expended does not need to be classified as work, but can provide meaning and health when it is authentic and integrous. I wonder how many insurance agencies and banks would close down if people only did integrous work
Comment by Radhika Darbari on April 3, 2010 at 9:36pm
Great idea. Also been posted on EvokeForever so a 5NC from me and +1 knowledge share
Comment by João Carrapa on April 3, 2010 at 11:53pm
Do you know about Economy of Communion?
Comment by Michele Baron on April 4, 2010 at 12:03am
Thank you for the post.
Comment by Mark Mulkerin on April 4, 2010 at 12:31am
Okay, negative effects (since you asked for them) -

Having distributed power in this way could make necessary change more difficult to implement. If you compare the slow adoption of renewable energy in the US with no central mandate and individual communities arguing the point with the rapid gains in renewable energy in China the last few years, it illustrates the challenges of distributed power (of course, in a centralized authoritarian system you can get a silly idea spreading as quickly as a good one).

What to do when someone wants out ... if you have small businesses in which employees have an ownership stake in it, it can create challenges to the system when someone exits. For example, if you have 10 people and two walk or are asked to leave 20 percent of your capital could leave with them and if eighty percent of your capital is locked up in long term investments or goods, you suddenly have a cash crisis or you have to sell off an asset.

The developing world doesn't go away - if I'm participating in a small company in the developed world (and I am), I'm not just competing with other small businesses, I'm competing with large businesses in developing countries that can pay fractions of what I'd pay and make it an economically sensible decision for someone to say "I want this wooden toy from China made of Indonesian rain forest wood." Is it the right decision, I'd hope not, but you find yourself always needing to justify the higher price.

Probably more, but my kids need breakfast. (I don't think any of these problems are unsurmountable, but they are challenges to making it happen).

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