Simply - as all disciplines of knowledge such as anthropology, biology, physics, psychology, economics, neuropsychology, etc. become more sophisticated and evolve, every discipline must also evolve in response to incorporate new world views. Further all the institutions of our culture - education, governance, religion, commerce, etc. are currently based on outdated world views. As the world views evolve, so must the institutions.
This video is one of the most succinct articulations of a vision of an empathic civilization based on solidarity with all life on the planet.
What is wealth? What is sustainable? How can wealth creation for our society be brought back into alignment with true happiness and well being? Where do wealth and sustainability intersect? Some say true wealth is "quality of life" - well then, What is quality of life? I'll survey thinkers, articles and topics to address these and related questions... "We don't see things as they are. We see them as we are." - Anais Nin
Tuesday, June 14, 2011
Wednesday, June 01, 2011
Public Banking - "Banking in the Public Interest"
Excellent article was just written called "Reviving Main Street - A Call for Public Banks" highlighting the opportunity states across America have to restore a healthy economy - simply by creating a state bank.
Surprisingly, North Dakota is the only state in the union which has created its own bank.
The article highlights work of thought leader Ellen Brown , and the Public Banking Institute which educates policymakers about the opportunities from the straightforward process of forming a state owned bank.
Her site shares that:
Surprisingly, North Dakota is the only state in the union which has created its own bank.
The article highlights work of thought leader Ellen Brown , and the Public Banking Institute which educates policymakers about the opportunities from the straightforward process of forming a state owned bank.
Her site shares that:
"Public Banks are...
• Viable solutions to the present economic crises in US states.
• Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
• Owned by the people of a state or community.
• Economically sustainable, because they operate transparently according to applicable banking regulations
• Able to offset pressures for tax increases with returned credit income to the community.
• Ready sources of affordable credit for local governments, eliminating the need for large “rainy day” funds.
• Required to promote the public interest, as defined in their charters.
• Constitutional, as ruled by the U.S. Supreme Court
...and are not
• Operated by politicians; rather, they are run by professional bankers.
• Boondoggles for bank executives; rather, their employees are salaried public servants (paid by the state, with a transparent pay structure) who would likely not earn bonuses, commissions or fees for generating loans.
• Speculative ventures that maximize profits in the short term, without regard to the long-term interests of the public."
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