Blackspot

Blackspot Money

What would a Blackspot Currency look like?  Would it be time-based?  Would it be international or purely local?

If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered. – Thomas Jefferson

Let’s be honest: no one understands economics anymore. It’s been over a hundred years since Marx published Volume One of Das Kapital, a book whose audience was the working class. Today, only specialists are expected to enter the debate on economic policy, the rest of us it seems are supposed to wait on the sidelines while the value of their money varies widely without understanding why. The ongoing economic collapse, grants us an opportunity to rethink our reliance on a currencies that are inhuman and make no sense.

A growing number of activists are focusing on the question of the role of money in the ongoing destruction of the natural environment. Last month, Enric Duran, a Spanish activist borrowed over €500,000 from banks, gave it away to activist organizations and then distributed 200,000 copies of a newspaper in which he publicly refused to pay the money back

Duran explained his actions thus:

This financial system depends on more and more money being given in loans. The loans in the end have an environmental impact as people use them to buy a car, to travel, to expand a factory facility or to build houses amongst other things. Thus this system of economic growth by means of loans depends on the constant and growing conversion of natural resources into CO2 and waste. Hence at a time when we are reaching the limits of growth in energy production due to the decline of oil and when the output limits of many mines are also being approached, it seems safe to conclude that this system created more than 300 years ago on the basis of expanding credit cannot continue in the way that we know it today." (click here Duran's full statement)

We have become so dependent on money that while we may entertain critiques of capitalism, there are few people who would entertain a movement against money itself. How are we to live, eat, pay our rent or buy things without money? This is a question that we must begin to address.

Some proposals include Time-based currencies, local currencies, Local Exchange Trading Systems, and ROCS among others. And the most inspiring news is that there are already dozens of community currencies in the United States.

What would a Blackspot Currency look like? Would it be time-based? Would it be international or purely local? Let's get to work imagining a new economy based on Blackspot principles and local flair. And maybe one day, Adbusters will be the first magazine to offer subscriptions paid for with an alternative currency.

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22 comments on the article “Blackspot Money”

Displaying 11 - 20 of 22

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person who has ...

I recon the only way to live without money as a whole is to bring about a truly communist society (communism is just economics, you know workers own means of production and so on: das capital, communist manifesto), where everything is distributed freely, and everyone would work after they're abilities.

it would be less bureaucratic and efficient, and way more fair and to the benefit of the poor, and to the disadvantage of the rich. so that's all good. but i think that within this democracy it requires, one should consider the environment as a factor, and create non-economic restrictions (economic ones wont apply) to for instance air travel, as it pollutes heaps.

and ehm... let's get to work? ;)

person who has ...

I recon the only way to live without money as a whole is to bring about a truly communist society (communism is just economics, you know workers own means of production and so on: das capital, communist manifesto), where everything is distributed freely, and everyone would work after they're abilities.

it would be less bureaucratic and efficient, and way more fair and to the benefit of the poor, and to the disadvantage of the rich. so that's all good. but i think that within this democracy it requires, one should consider the environment as a factor, and create non-economic restrictions (economic ones wont apply) to for instance air travel, as it pollutes heaps.

and ehm... let's get to work? ;)

the_big_wedding

There is an historical precedent to what you are suggesting.

Attached is link to an article about an Austrian town that used an alternate currency during the great depression.

http://www.newciv.org/nl/newslog.php/_v105/__show_article/_a000105-000002.htm

Quoting the basics of the article:

Because nobody wanted to pay what was effectively a hoarding fee, everyone receiving the notes would spend them as fast as possible. The 40,000 schilling deposit allowed anyone to exchange scrip for 98 per cent of its value in schillings. This offer was rarely taken up though.

the_big_wedding

There is an historical precedent to what you are suggesting.

Attached is link to an article about an Austrian town that used an alternate currency during the great depression.

http://www.newciv.org/nl/newslog.php/_v105/__show_article/_a000105-000002.htm

Quoting the basics of the article:

Because nobody wanted to pay what was effectively a hoarding fee, everyone receiving the notes would spend them as fast as possible. The 40,000 schilling deposit allowed anyone to exchange scrip for 98 per cent of its value in schillings. This offer was rarely taken up though.

Andrew in Ireland

I consider that time to be far more valuable (and more tangible) than money. I give my time freely to friends, family and worthy causes by developing their websites and providing software and hardware support.

Andrew in Ireland

I consider that time to be far more valuable (and more tangible) than money. I give my time freely to friends, family and worthy causes by developing their websites and providing software and hardware support.

Anonymous

with the current economic scenario - it does not require anymore if it is Blackspot money or Whitespot money. What is required today is - money, money and more money in any forms it comes - a pathetic situation indeed that even Mr. Jefferson, a far-sighted leader that he has been could not even have dream of! Ciao web directory

Anonymous

with the current economic scenario - it does not require anymore if it is Blackspot money or Whitespot money. What is required today is - money, money and more money in any forms it comes - a pathetic situation indeed that even Mr. Jefferson, a far-sighted leader that he has been could not even have dream of! Ciao web directory

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