04 May 2009

We use currencies to keep records of currents...

in Currency, Currents, Flows

I originally posted this to the Complementary Currencies discussion group on Skype in response to a question from Christoph Hensch. But it probably merits inclusion here.

Christoph, I believe we are in the lazy habit of thinking that the flow of the currency itself is the one that matters instead of the actual flow of goods, services, resources, knowledge or participation which flows COUNTER to an exchange currency.

Those real-world currents shaped and enabled by currencies are what make them so valuable and powerful.

08 Apr 2009

Value, Values and the New Economy

in Currents, Flow, Industrial Age Economy, New Economy, Value

[Reposted from New Currency Frontiers]


Currently value is primarily associated with scarcity. Things like breathable air and drinkable water do not become valuable until they are scarce. This is clearly a problem if we want to have values which reflect the real value of things within a living system.

Also, our models of wealth are completely upside down. Real wealth (derived from "weal" referring to wellness) is not a function of how much stuff you can accumulate. This is like thinking that becoming as fat as possible is to be healthy, or that cancer is a model for healthy systems. (Cancer uses all of its resources to grow more cancer until it kills its host.)