Pat Conaty on the Need for Fast Money but Slow Capital

This is an extraordinary #mustwatch presentation, on how to overcome the ‘casino economy’,

Pat Conaty explains the background to this talk and his ongoing projects:

“”I am working to compile this as a report on an integrated Fair Trade Money and Banking system. This BALTA report for the Canadians should be published early next year. I gave a public lecture on the elements of this at Schumacher College in Devon last March. This was an Earth Talk and co-sponsored by Transition Towns UK.

I am working on ways that seek to reposition co-operative finance onto its original foundations that most people forget sought ways to lend without interest. If you check the analysis out, you will see that I am advocating no one single solution but the idea of TAPAS or ‘there are plenty of alternative solutions’. It is this creative coupling of different public banking and co-operative money models that could reframe a new Fair Trade Banking infrastructure and link up with a radical policy superstructure and the arguments that P2P and the Commons Strategies Group is advancing. Think of the insights of Robert Owen and Keynes with a mixture of Gesell, Marx and Schumacher and a tasty cocktail of solutions could be dispersed to enable a Jubilee release from debt slavery.”

Watch the video here:

1 Comment Pat Conaty on the Need for Fast Money but Slow Capital

  1. AvatarChris Cook

    The Peer to Peer and Peer to Asset solutions are IMHO to be found in updating protocols and instruments which pre-date modern finance capital.

    This means re-inventing both the Private=Plc sector AND the Public=State approaches.

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