Sacred Economics, Revised: Money, Gift & Society in the Age of Transition by Charles Eisenstein

Author:Charles Eisenstein [Eisenstein, Charles]
Language: eng
Format: epub
ISBN: 9781623175771
Google: lwnlDwAAQBAJ
Amazon: 1623175763
Published: 2021-02-16T16:03:11+00:00

Given that the root cause of our economic crisis is the inevitable slowing of growth, and given that we are transitioning to an ecological, steady-state economy, decaying currency proposals offer more than a temporary fix for a stagnant economy; they promise a sustainable, long-term foundation for a permanently nongrowing economy. Historically, economic contraction or stagnant growth has meant human misery: economic polarization, a sharpening of the divide between the haves and the have-nots. Negative-interest money prevents this from happening by providing a way for money to circulate without needing to be driven by growth-dependent lending. It allows prosperity without growth.

Combined with the other changes described in this book, negative-interest money will have profound effects on human economy and psychology. We have gotten so used to the world of usury-money that we mistake many of its effects for basic laws of economics or human nature. As I shall describe, a money system embodying a new sense of self and a new story of the people—the connected self living in cocreative partnership with earth—will have very different effects. The intuitions developed over centuries will be true no longer. No longer will greed, scarcity, the quantification and commoditization of all things, the “time preference” for immediate consumption, the discounting of the future for the sake of the present, the fundamental opposition between financial interest and the common good, or the equation of security with accumulation be axiomatic.

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