Sublime

In the words of narrator George Manuel, “perpetual debt binds us firmly to the store.”

many of the social functions that community structures once fulfilled: security, dispute resolution, and the allocation of collective social capital.

The real problem is that in both the communist and corporate-capitalist systems, a power elite makes and benefits from the decision of how to deploy society’s wealth.

Local currencies only work if there is a local system of locally circulating production for which it can mediate exchange.

Negative-interest currency, for instance, won’t work if other sources of economic rent are still available to invest in. Localization depends in large part on the removal of hidden subsidies that make global trade economic. Gift economies allow the quality of life to improve even as the economy shrinks.

Because of interest, at any given time the amount of money owed is greater than the amount of money already existing.

uniquely human gifts. It will promote an equitable distribution of wealth. It will promote a new materialism that treats the world as sacred. It will be aligned with political egalitarianism and people power and will not induce more centralized control. It will restore lost realms of natural, social, cultural, and spiritual capital. And, most impor