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Smile ballsMoney System 

What an evil money system we have where “...economic interests trump human rights in most instances.” (BBC, 1m54s, posted and accessed 4 April 2019)

So, this page looks at some alternatives to the current money systems of capitalism and communism. Until we can do away with money.

GNH vs. GDP


We need Gross National Happiness (GNH) rather than GDP:-
  • "The great breakthrough of the twenty first century will be to begin to assess success and failure in life other than merely through financial indicators." (Alain de Botton)
  • "We must rapidly begin the shift from a thing-oriented society to a person-oriented society. When machines and computers, profit motives and property rights, are considered more important than people, the giant triplets of racism, extreme materialism, and militarism are incapable of being conquered." (Martin Luther King Jr. 1967 speech, cited here, accessed 16 October 2012)
  • Universal Basic Income (UBI) is required - see here and here. This can reduce or eradicate poverty and slavery. It supports real freedom and the power to say "no". Also see here, here and below...
  • Subsistence Economy + UBI. Subsistence is supporting oneself at a minimal level. Here are some ideas:-
    1. Peter Taylor, an environmentalist, suggests a home with a plot and a basic income for those who farm that plot for themselves and the local community. (Based on a 2018 conversation; idea may not be accurately conveyed)
    2. Our lifestyles have detached us from nature and also our natural state of being. Many people yearn to live a simple life on their own smallholding. This is a desire to regain our natural state denied to us by historic acts of land dispossession. The past confiscatory actions of the powerful have driven the human race out of necessity to find and invent other ways of providing a livelihood - much of it incompatible with our true natures. It is also the fundamental cause of our current malaise in terms of economy, climate and biodiversity. We now have mass indoctrination by the propaganda of society's leeches to make us think that all economic activity is socially profitable. So much of what we make and do is fruitless, or even worse, harmful. Money based on negative, adverse and anti-social production is just as worthless as the activities themselves. Return the land to the people and many will choose again a healthy, environment-friendly "subsistence" economy. (oneness, posted 22 November 2019, accessed 23 October 2020)
    3. Also see 'Private Sufficiency, Public Luxury' below.
  • "To have enough is happiness, to have more than enough is harmful. That is true of all things, but especially of money." (Lao-Tse)
  • Love, Love, Love - NOT growth, growth, growth! Degrowth is the Love we need.
The 9 Domains of GNH diagram
The 9 Domains of GNH

The World We Deserve
  • Food - As a basic human right, everyone deserves healthy, organic food. Also see 'Universal Basic Services'.
  • Housing - Everyone has a home, supplied with clean water and sanitationAlso see 'Universal Basic Services'.
  • Energy - The Sun gives its energy for free and humans make sure solar energy is given free to everyone. Also see 'Universal Basic Services'.
  • Equality - The superrich and corporations need to be taxed heavily. This will fund UBI and UBS. Incomes need to be capped. The difference between highest and lowest incomes needs to be minimised. And so much more...
  • Drudgery - Thank you for robots!
  • Happiness - In terms of money, it has been found that a person living in the Rich World needs no more than about $70,000 or £55,000 per year to be happy (see here). Anything more does not bring extra happiness. Perhaps we need to cap anyone's income at this amount and redistribute the rest?... 
Smiles graphic
  • Universal Basic Income - See 'GNH vs. GDP' above and consider:-
'A basic income (also known as a citizen's income) gives everyone, rich and poor, without means-testing or conditions, a guaranteed sum every week. It replaces some but not all benefits (there would, for instance, be extra payments for pensioners and people with disabilities). It banishes the fear and insecurity now stalking the poorer half of the population. Economic survival becomes a right, not a privilege.
A basic income removes the stigma of benefits while also breaking open what politicians call the welfare trap. Because taking work would not reduce your entitlement to social security, there would be no disincentive to find a job – all the money you earn is extra income. The poor are not forced by desperation into the arms of unscrupulous employers: people will work if conditions are good and pay fair, but will refuse to be treated like mules. It redresses the wild imbalance in bargaining power that the current system exacerbates. It could do more than any other measure to dislodge the emotional legacy of serfdom. It would be financed by progressive taxation...'
(George Monbiot, The Guardian, posted 1 April 2013, accessed 9 November 2020)


'If in the future human labour is less needed, keeping societies stitched together may require us to reinvent the welfare state. Not all economists think that's worth worrying about just yet. But those who do are reviving an idea that dates back to Thomas More and his 1516 book, Utopia - a universal basic income. It does seem utopian, in the sense of fantastically unrealistic. Could we really imagine a world in which everyone gets a regular cash handout, enough to meet their basic needs, no questions asked?
Some evidence suggests it's worth considering. In the 1970s, the idea was trialled in a Canadian town called Dauphin. For years, thousands of residents received cheques every month. And it turns out that guaranteeing people an income had interesting effects. Fewer teenagers dropped out of school. Fewer people were admitted to hospital with mental health problems. Hardly anyone gave up work. New trials are under way, to see if the same thing happens elsewhere.
It would, of course, be enormously expensive. Suppose you gave every American adult, say $12,000 (£9,000) a year. That would cost 70% of the entire federal budget. It seems impossibly radical. But then, impossibly radical things do sometimes happen, and quickly. In the 1920s, not a single US state offered old-age pensions. By 1935, Frances Perkins had rolled them out across the nation.'
(BBC, posted and accessed 13 November 2017)

'Some contemporary feminists argue that universal basic income would be a better way of compensating women for the unpaid work they routinely perform. It would give women the economic freedom to exit unfulfilling or abusive relationships more easily (although the basic income touted by supporters like Andrew Yang would need to be higher to achieve that) and rectify some of the inequalities inherent in a capitalist system that relies on the unpaid labor of women.'
(Sirin Kale, The Guardian, posted 8 February 2021, accessed 10 February 2021)
  • Universal Basic Services - These are basic public services that enable survival, that need to be provided to all by Government for free. They include: income (UBI), housing, food, water, health, education, transport, internet, clean energy. Read more here.
  • 'Private Sufficiency, Public Luxury' - A world where we all can access luxury, but personally we need little. See here, here, here, here. Also see 'Subsistence Economy + UBI' above.
  • Mother-centred world - The mother is the foundation of all things yet she is perhaps the least valued thing. If we must have a money system, mothers or those fulfilling that role (e.g. fathers, carers, extended family) need to receive a payment for their huge contribution to society. Indeed, a UK political party called Motherworld suggests this sort of policy. Mothers at the centre of any system, rather than being marginalised at the periphery. Mother Earth will then heal...
Mother Earth marginalised and asleep in foliage

Resources
GNH (Gross National Happiness) etc.
Doughnut Economics
UBI (Universal Basic Income) etc.
Degrowth
Other
Gold globe

Also see:-

No Money

Capitalism

Money articles

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Page last updated: 12 April 2021.