Member-only story
Money today is generally used as a mode of payment. Money also encourages competition and creates a need for endless growth (interest).
It works for many of us and got us through the industrial age, however, there are a lot of problems that are caused by our current economic system. Concentration of wealth is happening and major religions that were against charging interest did not seem to bother about it now, Income redistribution schemes have all failed. Welfare system and progressive tax are criticized for being effective.
With the coming of the 4th Industrial Age, the worsening of climate change, explosion in population and the ageing population, there will be a lot more problems faced, and the pollution caused may make it harder for future generations to survive.
Enabling currencies / Complementary tokens can play a big role to solve many of today’s problems. A cooperative currency can be created to try to address some of these problems.
In a job scarce future, a work enabling currency can be a complementary currency instead of welfare. It can be used a tool to buffer a region from shocks caused by failures in the money system.
