Local Currencies and the Importance of Localization

Happy New Year.  It feels to me as if this year, the journey is going to be one of continual change and of challenge - that 2024 will be the year when it is impossible for anyone to pretend that the life we knew, the life we grew up believing would go on indefinitely - is going to continue. The old order is dying, but if we're to absolute collapse on a global scale (because clearly it's happening locally all over the world, usually pushed by the governments of people who are statistically most likely to be listening to this podcast) -but if we're going to avert absolute breakdown everywhere, then we need to dismantle the super-organism of the markets. Markets, globalisation, the entire neo-liberal model of free trade that was neither free nor liberal, nor particularly new... these are the common thread that perpetuates the world we know. Yes, we have to change our political systems, our power generation, our food systems..... all of these are core, but it's the markets and our concepts of value and money - the core of capitalism that keep the whole show on the road. 

One way or another, they are going - either there's a crash and nothing... or we succeed in managing a degrowth curve to a much simpler system that is not just less extractive, it's regenerative - it repairs some of the desperate harm we've done in recent times. 

So I want this podcast really to begin to look at how we could shape this downward slope - to play with ideas that could take use forward into something different - to begin to build narratives, stories, mythologies, collective heroic journeys of how we as a culture could affect the change that we need. Yes, the super-organism feels as if it has a life of its own, but it is composed of individuals and if we all change our behaviour, our expectations, our understanding of what's good and what isn't - then it will change. 

I still believe this is possible and I'm definitely working towards this. As is our guest this week. Diana Finch has worked in senior leadership roles in a variety of socially and environmentally focused non-profit organisations since 2001. Through this work, she became convinced that our economic system is the root cause behind the environmental and social challenges the non-profit sector is trying to address. She started to become interested in the field of new economics, and was thrilled to join the Bristol Pound team as Managing Director in 2018. She continued to be a director until the organisation was wound up in 2023. The experience helped her develop an understanding of the problems with our existing economic system, creating a determination to share what she has learned by writing a book called 'Value Beyond Money: an exploration of the Bristol Pound and the building blocks for an alternative economic system' The book is not out until September, but it I was privileged to read it early and was so struck by Diana's capacity to lay out clearly the various different ways we have begun to see money and the alternative systems that people are trying - the Bristol Pound was an astonishing endeavour and the story of how it came about and why it ended are remarkable in and of itself. But it's the ideas that come after - why did it not work and what could we do now - what could help us shift from exactly where we are, to where we need to be - these are the solid gold. We did talk for a long time. If necessary, we'll split this into two bits. I'm not sure if we're going to need to, so... we'll see.   In the meantime, enjoy the ideas of how we could be different - and then if you know of anyone who could fund this, please do let us know. 

PreOrder Diana's book https://crowdbound.org/product/value-beyond-money/
The Bristol Pound legacy homepage https://www.bristolpoundlegacy.info/

Holochain https://www.holochain.org/
Art Brock Metacurrency https://www.artbrock.com/metacurrency/resources
Bradford Citizen Coin https://bradford.citizencoin.uk/
Mark Fisher Ghosts of my Life https://uk.bookshop.org/p/books/ghosts-of-my-life-writings-on-depression-hauntology-and-lost-futures-mark-fisher/517207?ean=9781780992266
Mark Fisher Capitalis Realism - Is there No Alternative https://uk.bookshop.org/p/books/capitalist-realism-new-edition-is-there-no-alternative-mark-fisher/7313424?ean=9781803414300

Confessions of an Economic Hitman Short Animated Version https://www.youtube.com/watch?v=pYtb5zatgMg

New Economics Foundation https://neweconomics.org/
Positive Money https://positivemoney.org/

Reference books

Less is More: How Degrowth can save the world by Jason Hickel https://uk.bookshop.org/p/books/less-is-more-how-degrowth-will-save-the-world-jason-hickel/364774
Doughnut Economics: 7 Ways to Think like a 21st Century Economist https://uk.bookshop.org/p/books/doughnut-economics-seven-ways-to-think-like-a-21st-century-economist-kate-raworth/