https://blog.p2pfoundation.net/thomas-greco-on-the-end-of-money-2-why-exchange-alternatives-fail-to-thrive/2009/06/10 Researching, documenting and promoting peer to peer practices Sun, 14 Jun 2009 04:25:23 +0000 hourly 1 https://wordpress.org/?v=5.5.15 https://blog.p2pfoundation.net/thomas-greco-on-the-end-of-money-2-why-exchange-alternatives-fail-to-thrive/2009/06/10/comment-page-1#comment-415108 Sun, 14 Jun 2009 04:25:23 +0000 http://blog.p2pfoundation.net/?p=3429#comment-415108 Improper basis of issue is especially important. As Ted Trainer points out, most LETS systems involve only established, conventional local businesses as producers; ordinary working people have no way to produce directly for the system and earn LETS credits, so it winds up being a feel-good system for yuppies who go to the bank or participating stores and exchange part of their paychecks for local currency. What we need is a way to transform all the productive capital that sits idle into the average household into active means of production, by which working people can produce directly for each other, and use LETS systems as a means to *their* ends.

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