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Thoughts about Local Economy

Posted by Hernán Moraga on October 18, 2011 at 4:00 PM

I've been thinking a bit about the best way to implement a system that would promotes community, self-reliance, entrepreneurship, and at the same time, it would provide a mean for trading with the external world.

My thinking suggests me that the Eco-village should have both a Gift based Economy (for creating community sense among its members), a LETSystem with a propietary currency (for promoting the internal trade within the limits of the Eco-village), as well as a Barter based Economy component (for dealing with other Eco-villages and external entities), and also, a regular Credit Union that would provide exchange currency services (between the internal and external currencies), as well as loans to community members, and regular Financial Operations with the external market.

It seems too much, but each system would be serving particular needs at different levels of the Eco-Village (internal community Economy, external community Economy, and regular Market Economy).

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Categories: Economy, Government

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