I really really recommend watching this video presentation by Chris Cook.

First of all, because it really explains the dynamics behind the financial meltdown, and why injecting new credit into the system won’t work to restore the old logic that operated before the crisis.

Second, because it then explains Chris Cook’s alternative Open Capital scheme, which I have really struggled to understand, and I think I now finally ‘get it’.

If you want to explore this further, go here.

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