The ideal uses of money in relation to the gift economy and the commons

This is a interesting 40-minute conversation between International Economist, James Quilligan and Charles Eisenstein, author of Sacred Economics recorded at Immediacy Studio in Media, PA on June 27, 2012.

Key topic: How do markets, gift and commons economies fit in with each other, and do we need new forms of government/governance?

2 Comments The ideal uses of money in relation to the gift economy and the commons

  1. AvatarStefanMz

    First critizing the destructive effects of money system, then proposing a money system with a accelerated circulation of money (via negative interests)? Leading to accelerated extraction of resources, environmental pollution, exploitation of people etc.??

  2. AvatarMichel Bauwens

    negative interest rates diminish exploitation, since they are a principal means for the accumulation of capital in the hands of the few; transforming money doesn’t change everything, it’s necessary but not sufficient; but if you’d abolish money with a stroke, the problems would be much more devastating.

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