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Adventures in mutual credit
As readers of my blog you'll be aware of a new initiative, the Credit Commons Collective, to connect three of the larger complementary currency networks, and invite others also to connect.
I invite you to sign up to a new mailing list, on which news of that initiative will be broadcast.
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The Credit Commons Collective is collaboration between, initially at least, three community currency networks.
Despite their social impact, these networks find it very hard to engage softwar
Below is a visual add for the Money & Society MOOC.
Since 'political economy' became a subject in the 18th century, the predominant political dichotomy has been framed as labour versus capital. Marx talked about 'control of the means of production' as the essential political power that the workers needed to wrest from the capitalists. A great deal of activism and political theory continues in that vein: Gar Alpowitz work What then must we do? is all about rebuilding worker-owned coops and similar institutions. We have 150 years of history testifying to their effectiveness.
In the complementary currency movement most of us have been so preoccupied with our software platforms that we haven't had the capacity to build apps; when apps are built, they are tightly coupled to one platform, making them difficult to share.
Building a mobile phone app means defining an API in which all the objects to be manipulated are described field by field. The app and the server send these objects back and forth, and, knowing the fields, the app can apply the data objects to built in templates to display them.
I just spent rather longer than I care to admit completely revamping the wikipedia article on mutual credit.
This seemed valuable to me because that idea has been the focal point of my work, and source of much inspiration, since starting this blog in 2008, and I feel it is a simple yet profound idea which is appreciated only by a few money geeks.