An exchange on the essay Money for the People
Monetary reformers argue that a debt-based money system necessitates growth. But does it?
Public money can help drive a sustainability transition, but well-regulated private banking still has a role to play.
Local initiatives and new technologies can decentralize and democratize money.
If we want a public money system to succeed, we need progressive reforms and robust democracy initiatives first.
Money itself may not be the problem, but general-purpose money that treats all value as commensurable certainly is.
Mary Sue Schmaltz
We need to address the whole system of money and finance, not just creation and control of currency.
If we want a sustainable and equitable economy, we need to abandon capitalism.
As an initiative for collectively understanding and shaping the global future, GTI welcomes diverse ideas. Thus, the opinions expressed in our publications do not necessarily reflect the views of GTI or the Tellus Institute.
Core GT Texts
The emergence of an organic planetary civilization has become both possible and necessary. What would it look like? How do we get there?
The classic essay on our planetary moment, global scenarios, and pathways to a just, fulfilling, and sustainable future.