Economic Outlook — Alternative Economic Systems

  • Economic Outlook — Alternative Economic Systems

    Posted by Nicole on October 23, 2023 at 3:45 pm

    Alternative Economic Systems

    Are you familiar with these, or know anyone who is? How would you like to incorporate these economic concepts into your community?

    Alternative Economic Systems to be aware of:

    • Gift Economies – Economies based on reciprocity and “paying it forward or back” in the mindset of shared abundance and frequent sharing and gifting.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • Local Currency Creation – Creating a new currency within the community to stabilize your own economics, symbolically disconnect from other global currencies, and/or create value that can only be circulated within the community.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • Shared Income Models – All roles in the community (income earning or not) are compensated, and streams of community income are shared. Private income streams can also be shared in a communal pot that improves the quality of life of all community members.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • Cryptocurrency – Use of crypto, blockchain-based currencies within a community and accepting certain forms of crypto as payment.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • Barter – Trading goods in place of currency.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • Work Trade or Time Bank models – Accepting time as a currency, irrespective of where the time was invested, as long as it was invested somewhere in the community model. Accepting work/time/labor in exchange for valuable services or goods within the community, or simply in exchange for accommodations and food.

    • How would you like to incorporate this practice into your community?

    • Resources:

  • A Commons –

  • Open Value Network?

  • Community-based insurance

  • Community-based pensions

  • Community-funded UBI (use Circles)

  • Resource-based economy

Nicole replied 6 months, 4 weeks ago 1 Member · 0 Replies
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