Rethinking money

Circular economy in diagrams: where logic breaks down and where financial incentives can work

Are your circle economy diagrams confusing your audience? This article aims to help you communicate clearly. As a staunch aficionado of reaching a resilient economy through sustainability I am all for circle economy thinking- if it ensures people get food on the table and a roof over their heads. Unclear delivery will not help our cause. We talk of circle economy from two angles: economy as a form of housekeeping and economy in terms of monetary flows. These are not always the same thing. The final section suggests a solution.

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Shifting Power, Shifting Economy

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Lindsberg Conference Center basking in the late summer sunshine

Lindsberg conference center, just outside the Swedish town of Falun, saw three days of Powershift Sweden with PUSH, a youth movement conference for action for a fossil-free society. As a fellow of ISSS (the Institute of Swedish Safety and Security) and one of the founders of Transition Sweden, I brought the complementary currency ITK to the seminar  as the conference’s volunteer currency.Read More »Shifting Power, Shifting Economy

Complementary Currency Trial Shows How Communities Can Prosper

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Journalist BirGitta Tornerhielm shows off her vouchers for ITK

Journalist BirGitta Tornerhielm shows off her vouchers for ITK

A summary of the recent trial in Sweden, published at Resilience.org ,  presents a hopeful development with complementary currency as a driver of community development.

As economies fail throughout Europe it is becoming clearer that communities should come together to provide the security and safety that neither businesses or local authorities have the capability to provide. Rather than driving globalisation, the money system should  encourage these communities to become more self-reliant and resilient.Read More »Complementary Currency Trial Shows How Communities Can Prosper

Experimental currency in Sweden

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Does your local community need and injection of money to usher in prosperity? No worry, just get your scissors out and make some! This is anyway what a group of local community developers in Sweden are trying. The initiative is a cooperation between Transition Towns in Sweden (the organization that works on a local level to prepare for a world without oil) and ISSS, the Institute of Swedish Safety and Security – an organization that is working to promote resilience and disaster preparedness.

Philip Wyer, chairman of ISSS, the project’s lead partner, explains that the role of his institute is to study the changes occurring in society and relate them to the safety, security and well-being of people. Understanding resilience and ways for society to show resilience in the face of change is a perspective that ISSS covers with the other partners, the Swedish Transition movement and Open World Villages. Most important is to understand the risks society might face and ways to mitigate those potential threats. Philip likens it to preparing for a journey: you cannot be sure of what to take with you until you know if the journey will be along smooth roads, in hot jungle or up freezing mountains. Having understood where you will be going, i.e. what situation society will be in, the analysis, assessment and recommendations follow, utilizing tools including R.A.I.D assessments. This acronym stands for risks, assumptions, issues and dependencies, which enable the organization to understand the current perspective on a potential scenario and analyze the effect of future changes.Read More »Experimental currency in Sweden