© Jon Freeman 2015
Visioning the Future
Saving planet Earth
How can we fix our broken money system?
The way we work with money is at the root of so many of our challenges. In the face of known problems and fears around unsustainability and potential breakdowns, we have been unable to see how we shift into a new and sustainable way of running our planetary economy. This document presents a way forward – how collaborative design and collective action can achieve what governments, global industries and existing power-
You know that something’s wrong with our money system don’t you? Perhaps you think it’s all OK, but there’s no prizes for knowing that we have big problems with instability. Even if the system doesn’t collapse again, which many experts say is imminent, we have major resource crises to deal with. There are eco-
None of this is new. So why is nothing being done about it? Many people think that it is down to “them”. It’s the bankers, politicians and fat-
What if it is the system itself? Many more people would be willing to change, but the system itself keeps us all stuck. The system itself evolved in earlier and simpler times. While it wasn’t perfect, it brought a lot of progress. Now we have reached its limits. We are used to it; we are like fish who don’t see the water; we think it’s the best we can do, but it isn’t.
We have to raise our game. Some pioneering thinkers have shared great visions of how we might function, one day. Many fine individuals and organisations are working on and campaigning for their parts of the solution. They are largely ignored and marginalised. Their answers are often not big enough, one-
This will demand collective intelligence. No single individual knows enough to frame an effective solution. The system is complex and calls for diversified expertise. It isn’t just about the banking system or the way businesses are managed or the way that people make personal decisions or the way that money is created or the way that we think about debt. It isn’t about political systems or corporate governance or company law. It is about ALL of these and more and it will require knowledge and insight in every part, and in how they fit together.
A vision is not enough. We need a compass. We need something to guide us in what steps will be required to take us from the “as-
We are the ones who can do this. Everyone has something that they can contribute, if they choose. You may have expertise to contribute to the high-
Create the road-
The framework for the road-
Communicate, disseminate, localise. As it emerges, the high-
To begin with, a core team is required. The start-
It is intended throughout the project that most functions can be accomplished by volunteers and through self-
We are not projecting firm costs at this stage. Inevitably there will be some. We hope that much or all of the needs can be covered by crowd-
Project funding will be channelled and governed through the UK Chapter of Conscious Capitalism, which is incorporated as a not-
Please share this project proposal with others. Please Tweet, Blog, Pin and Blab. Repeat.
Sign up for updates. Propagate ongoing communications
Participate in the crowd-
Offer your skills and time in practical support (organisers, writers, translators, musicians, bloggers, artists, webmasters, vloggers, poets, influencers, graphic artists, video creators, campaigners, social media experts…) Core team suggestions and offers are also welcome.
Energise the conversations. Follow the Facebook page etc.
Please make a financial contribution. Even small ones will help and if a lot of people do that this will be easy).
Visible support is as important as money.
Talk to people you know who would have something special to contribute to the design
Talk to the people you know who could really set the project alight with larger funding
Read “Reinventing Capitalism” to understand more about how and why this needs to happen NOW
To have read this far, you almost certainly know in your bones why this project is required and even why it is urgent. The planet needs us.
Many people think that solutions will emerge naturally and by themselves. I encourage you to think that this project IS part of that emergence. The planet needs all the help it can get.
Many people feel that they are not powerful enough, but together we can be. Humanity needs to build its own salvation.
Many people think a revolution is needed but fear violence, destruction and power-
On my wall I have an Orang-
Perhaps this project seems a bit abstract. Perhaps it is less emotionally engaging and harder to connect to. It may seem too big and too anonymous. But the faces on this project are your face, the faces of your loved ones and your children’s children, because this will affect everyone for a long time. Wherever you live, and whatever problems you are worried about, a new way with money is at the heart of how we deliver care, kindness, mutual support, equality and sustainability. Instead of fighting to fix the problems we cause, what if we could stop causing them? What if we could shift from Band-
This project is about crowds. It took millions of us to create today’s reality. It will take a crowd to change it. A crowd-
www.reinventingcapitalism.org/inform.html to register for updates
www.reinventingcapitalism.org/participate.html to take part (design or support)
https://www.gofundme.com/crowdwisdom to assist with funding
The “Reinventing Capitalism” book looks at money from the viewpoint that what we think individually -
Chapter 15 presents 36 “Goals for a new Capitalism”. They begin in our inner life, with the requirement for money to mean something, to no longer be created out of nothing. There is a need for new ways of thinking that is rooted in the present and conscious of our interdependence. There are new ways of living in balance, understanding the relationship between freedom and responsibility, gifting and receiving, collaboration and competition.
These inner shifts have consequences in the outer world, and require systems that support them. It is not sufficient that money means something to me, the money system itself must embed that meaningfulness in how it creates and uses money. The system itself must encourage us to live in the present and at the same time to have long-
At present our human and societal Values and Goals are dissociated from the way that monetary value operates. There are limited means, or no means at all, for incorporating the environment, the true costs of extracting raw materials or the stewardship of the planet into cost models. We need to replace monetary measure of success (such as GDP and Turnover) with measurement that also assesses physical health, social, cultural and spiritual well-
The following is a table listing the 36 headings. Some of these are more instantly meaningful than others, and it is worth reading the fuller descriptions that can be found in the freely available copy of Chapter 15, available on the website. Some are explained further in Chapter 16 of the book itself.
Money must mean something
Money cannot be created out of nothing
Be grounded in the present
Eliminate the throwaway mentality
Build our awareness of interdependence
Allow reward of creativity and inspiration
Support the flow of wealth
Balance stakeholder needs
Gifting and Receiving
Freedom and Responsibility
Collaboration and Competition
Money must mean something (systems level)
Money cannot be created out of nothing
IInhibit currency speculation
Align compensation with long-
A level paying-
Balancing stakeholder needs (systemic support)
Simultaneous policy and global co-
Costs and benefits are not all material
Connecting Values, Goals and Money
Living systems have Value Corporate Stewardship
The environment has Value Corporate legal responsibility
True Cost Accounting Preventive thinking
Full cost raw materials recognition Governmental long-
Planetary Stewardship Recognising Societal benefit
True National Benefit Assessment Balance freedom and responsibility
True National Cost recognition Socially responsible valuing of risk
No more prizes for forecasting the rain: only prizes for building the arks
Don E. Beck
|The 36 proposals|