Imagine we're friends. We go out and today I forgot my wallet. If I have no money now, it's OK, you'll pay the drink for me. Next time I will pay for you if I have money and you don't. No one keeps tabs for this. It's basic friendship.
Now this is something friends do for each other often, but rarely think of it as a 'system', and certainly not as a 'sustainable system'. The main reason why is because it's too simple to exploit. I could always say that 'I'm just broke' and never pay for the drinks when we go out. But imagine if people were generally good. Then when someone is in crisis, someone else would help out, 'pay his drink' for him. Now, that would be ideal. Poverty would be no more.
But the only thing wrong is the fact that - people are not all that good. A lot of them are greedy. This is a cultural thing really. Look at the Amish society in America, so well portrayed in the movie The Witness. They help each other all the time, they all participate in building houses for each other. They really do live in brotherhood as Jesus preached. And they are no different than anyone else in America. Except they are not so immersed in the popular culture. And the propaganda of our capitalist culture is 'be greedy, exploit others'.
With such attitude there can not be a good system of economy. Any system will have flaws and fail, just like ours has failed so recently. But the main error is human greed which capitalism says is ok, because greed is its fuel.
But imagine that when a system fails, everyone helps everyone out. Imagine Bill Gates and George Soros giving out some of their villas to those who lost their homes, just for the time being until they get by. This is unimaginable in our culture.
So we don't necessarily need to change the money system AS MUCH AS WE NEED TO CHANGE OURSELVES!
There's a story I heard about hurricane Katrina, I don't know if it's true, but it's a good illustration of how things are in the world:
When the hurricane Katrina hit New Orleans, people were left to die and the government did nothing. When the same Katrina later hit Cuba, people were helped by the state to evacuate, even though it was not 'profitable' and the people who lost their homes were not rich. In the end no one died of the hurricane on Cuba. A lot of people died in New Orleans. And Cuba is more poor than the USA. But what is it then?
It's the people.
That's what we need to change.
So how do we change the people? I can't change 6 billion people at once. But a good plan will spread like a virus. For example me and my friends, we don't trade in money with each other - we trade in 'favors'. When we make a bet, the one who looses owes the winner a favor, when I am broke and I borrow some money from a friend, I don't have to return it in the same value in money, but I owe him a favor.
This is a common- sense approach that a lot of the people in the world forgot. It would be nice to show them it works, and make them feel guilty that they 'keep tabs on the $3 that their friend owes them'.
Most importantly this system works for us. And the difference between favors between friends and money is that you won't die if you owe someone 10 favors, but if you owe him $1 million, and have to return it in interest rates in a certain period of time, you probably will die of hunger.
Think about it, how the basic friendly acts make more sense than our economy today :)
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