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Manado, 02 oct 2012


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My presentation at the Asian Solidarity Economy Forum 2012 at Manado, Indonesia on Tue, 02nd Oct 2012.

Published in: Economy & Finance
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Manado, 02 oct 2012

  1. 1. Yasuyuki Hirota (Univ. of Valencia, Spain) Skype: migjp2003Asian Solidarity Economy Forum, 02 Oct 2012
  2. 2.  Economy: comes fom the Greek word “οικονομία” (“οἶκος” (house) + “νέμω” (management)) Economy in East-Asian languages: “keizai” (“ 経済” ) in Japanese “Jīng jì” (“ 經濟 / 经济“ ) in Mandarin ”gyeongje” ( 경제“ ) in Korean All come from the Chinese phrase ”Jīng shì jì mín“ (” 經 世 濟 民 / 经 世 济 民 “ , “manage the world and satisfy people“) None of these concepts say about maximising profits but about the management We should produce to satisfy our own needs, not to make money sacrificing others!!
  3. 3.  Compound interest which forces the permanent and exponential growth: “like cancer in our social structure” (“Inflation and Interest-free Money, Kennedy): Both the Islam and the Christianity forbid it Concentration of wealth for the rich, for big cities and for the North at the cost of the poor, the countryside and the South Preference to short-term investments at the cost of long-term ones Monopoly of the money creation process by commercial banks: most money is created as credit, “no debt no money”
  4. 4.  A: Human being’s growth C: Cancer’s growth and what our money system demands us With compound interest rate our economy is destined to eat up all natural resources of our planet Source: Kennedy (1995)
  5. 5.  The interest improverished most people while enriching the few rich Source: “Inflation and Interest-free money” (Kennedy, 1995) available at: http://kennedy-bibliot
  6. 6.  Each regional economy: tends to be export- oriented > only produces exportable goods (monoculture) while giving up self-sufficiency (stops producing goods for local demands and starts importing them) Dependency on exports: shows vulnerability in case of economic crisis as customers stop buying your products Self-sufficiency: way to soften the crisis
  7. 7.  “An agreement within a community to use something as a means of exchange” (B. Lietaer): we can have other agreements too if we want Legal tender (rupiah, US$ etc): useful for inter- regional/national trades > promotes export- oriented monoculture > money tends to leave your community easily and lots of efforts are needed to get it back Social and complementary currencies: usually used only within a certain community > reinforces local production and consumption (self-sufficiency)
  8. 8.  Founded in 1998 at Fortaleza, Ceará to struggle against the financial exclusion: originally operated only with real (Brazil’s official currency, R$) but now provides loans in R$ and Palma (local currency, although backed with R$) too Their slogan: “No community is poor, but there are impoverished ones!” More info in English: (also try Wikipedia on Banco Palmas) Video:
  9. 9.  Operational since 1934 to stimulate B2B transactions among Swiss small businesses: one sixth of small businesses join The bank provides loans in WIR, only accepted by other WIRBank-member businesses, at lower interest rate 1.55 billion CHF is traded annually in this currency. More info (in German, French and Italian): Video:
  10. 10.  A tool for regional macroeconomy: try to cover all what is available within the region (food, construction, industries, services etc.) Appropriate design for your community: Read %20Currency%20Guide.pdf for details Plugging the Leaks: a good programme to discover and leverage unused resources for the community’s endogenous development. dbook.pdf Marketing: different marketing strategies are needed to attract consumers / retail shops / other local businesses / farmers etc.
  11. 11.  “The Future of Money” (Bernard Lietaer, Century, 2001) “Inflation and Interest-free Money” (Margrit Kennedy, http://kennedy- df ) “Creating Wealth” (Bernard Lietaer and Gwendolyn Hallsmith, New Society Publishers, Gabriola Island (Canada),2011) “People Money” (Margrit Kennedy, Triarchy Press, 2012) “New Money for a New World” (Bernard Lietaer and Steven Belgin, Qitarra Press, Boulder (Colorado, US), 2012)
  12. 12.  TEM (Volos, Greece): video (in English) Hanbat LETS (Daejeon, Korea): (in Korean). Video (with English subtitle): v=SggqtHBEHmU CES (South Africa - World): “Money as Debt”: a 47-minute documentary which shows our money system’s structural faults. Bristol Pound: a video by BBC: v=kzIqfQsWL3I
  13. 13. Yasuyuki Hirota (Univ. of Valencia, Spain) Skype: migjp2003Asian Solidarity Economy Forum, 02 Oct 2012