HomeGroupsTalkMoreZeitgeist
Search Site
This site uses cookies to deliver our services, improve performance, for analytics, and (if not signed in) for advertising. By using LibraryThing you acknowledge that you have read and understand our Terms of Service and Privacy Policy. Your use of the site and services is subject to these policies and terms.

Results from Google Books

Click on a thumbnail to go to Google Books.

The End of Money and the Future of…
Loading...

The End of Money and the Future of Civilization (edition 2009)

by Thomas H. Greco Jr.

MembersReviewsPopularityAverage ratingMentions
791338,338 (3.44)1
Like the proverbial fish who doesn’t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we don’t know is hurting us. Very few people realize that the nature of money has changed profoundly over the past three centuries, or—as has been clear with the latest global financial crisis—the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises. The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Greco’s masterful work lays out the problems and then looks to the future for a next stage in money’s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power. Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success. Ultimately, The End of Money and the Future of Civilization provides the necessary understanding— for entrepreneurs, activists, and civic leaders—to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.… (more)
None
Loading...

Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

» See also 1 mention

Overall I found this an interesting read, a bit challenging since I have no background in economics or finance, but was still able to piece together the big picture. I was struck how similar the issues are to the online world: free software vs. commercial (Firefox vs. Internet Explorer, Linux vs. Windows), community built websites (Wikipedia vs. Britannica). If you care about open source and open content issues, then the same sort of open, democratic, egalitarian ideals can be applied to the money system. It's remarkable once you see a vision of possibility, the old (current) money system seems outdated, and somewhat evil.

Greco shows that "elitism" - the central banks monopoly of credit - is at the root of the problem. The solution is to decentralize power and wealth by eliminating the banking credit monopolies which have a stranglehold on credit (money).. in other words, more openness, participation, "egalitarianism". Greco explains how to do this using what are called credit clearing or credit exchanges that can eliminate the need for money entirely. Just as banks already clear checks between one another in clearing exchanges, without actually moving money back and forth (debits and credits cancel each another), individuals could operate at the same level, without the need for money - or interest, or needing a bank for credit. Computers and the Internet make it more practical. It's an audacious long term vision - just as Creative Commons could take generations to make a dent in the stranglehold of copyright - but check it out and understand what's happening on the forefront of monetary reform.

--Review by Stephen Balbach, via CoolReading (c) 2008 cc-by-nd ( )
  Stbalbach | Jun 4, 2009 |
no reviews | add a review
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Canonical title
Original title
Alternative titles
Original publication date
People/Characters
Important places
Important events
Related movies
Epigraph
Dedication
First words
Quotations
Last words
Disambiguation notice
Publisher's editors
Blurbers
Original language
Canonical DDC/MDS
Canonical LCC

References to this work on external resources.

Wikipedia in English

None

Like the proverbial fish who doesn’t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we don’t know is hurting us. Very few people realize that the nature of money has changed profoundly over the past three centuries, or—as has been clear with the latest global financial crisis—the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises. The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Greco’s masterful work lays out the problems and then looks to the future for a next stage in money’s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power. Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success. Ultimately, The End of Money and the Future of Civilization provides the necessary understanding— for entrepreneurs, activists, and civic leaders—to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.

No library descriptions found.

Book description
Haiku summary

Current Discussions

None

Popular covers

Quick Links

Rating

Average: (3.44)
0.5
1
1.5
2 1
2.5
3 3
3.5 1
4 3
4.5 1
5

Is this you?

Become a LibraryThing Author.

 

About | Contact | Privacy/Terms | Help/FAQs | Blog | Store | APIs | TinyCat | Legacy Libraries | Early Reviewers | Common Knowledge | 204,378,288 books! | Top bar: Always visible