ANTH 3220 Lecture Notes - Lecture 18: Brixton, Ithaca Hours, Toronto Dollar
7 Mar 2017
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Document Summary
Week 18 - complementary currencies and debt-free economies. Money free from the manipulation of government. Produced and controlled by the government and subject to manipulation. Fiat currencies have always ended in massive devaluations and collapse. Debt-based, loan created, therefore the money supply must continually increase, growth must continue or else the system can collapse. Indebtedness grows and power shifts to nancial sectors. Complementary currencies (or social currencies, community currencies) A currency that operates alongside national or transnational currencies generally to serve locally de ned purposes. Debt-free currency (created by community organizations in exchange) (debt-free, but backed on debt-backed currency) Ithaca hours - currency based on an hour of work. Toronto dollar; calgary dollar; salt spring dollar. Building community (funding organization can create projects) Creating justice in marketplace (inequalities but reinforces idea of equal value) Beating the system (potential for independence and resilience) Launched in 2007 - delocalization needs local economics - is only possible with both national and local currency.
