Have you taken out any new credit today? World politicians are fighting fire with fire and have been recently killing some time with debt and currency devaluation programs. Amongst others, Umair Haque expresses objections ("The Finance 2.0 Manifesto"):
"A better financial system needs better currencies. Finance 2.0 will be built on microcurrencies and macrocurrencies: currencies which operate hyperlocally and transnationally. Why? Because people shouldn't have to bear collective responsibility for bankers looting or regulators cahooting.
In the 21st century, the quiet tyranny of economic collective responsibility is intellectually bankrupt: it is fundamentally unjust, deeply inefficient, and vastly value-destructive."
In the 21st century, the quiet tyranny of economic collective responsibility is intellectually bankrupt: it is fundamentally unjust, deeply inefficient, and vastly value-destructive."
Umair Haque will speak further in May at the NextConference in Hamburg to introduce his ideas for "Constructive Capitalism". At the “Web and Money” track at the Webinale 09, Stephan DeMeulenaere will speak on the topic “How to Establish New Currencies”.
Related posts:
- Web Currencies: Cyclos as Online Account For New Currencies
- Web Currencies: WeBank – Can People Replace Institutions
- Geek Credits: Web Currencies vs. Local Currencies
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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