A long time ago - before there was ‘money’ in the form of national currencies, there was credit. Specifically promises, commitments, agreements, vouchers, IOUs, and in general trust. These older forms of credit are still all around us! We interact with credit in so many ways in our life – they might as well be the invisible air we are breathing. But once you start learning to spot credit you will seeeeee it everywhere.
Creating and exchanging promises (credit obligations) builds thriving communities and should be enshrined a basic human right. The story of Wörgl is the first implementation of demurrage and has been an inspiration for Grassroots Economics and many others. I hope it inspires you and you share the hope you find here with others.
Since May (roughly 3 months) we’ve seen 20,481 user to user transactions with a trade volume of 3,746,594 Kenyan Shillings using 31 different Vouchers (CICs) in communities across Kenya including Bangladesh (Bangla-Pesa), Kakuma, Kitui, Kwale and Nairobi.
Inspired by Mwalimu Musheshe after a visit to his community in Uganda, I've remembered this week to not focus on problems or problem solving. Instead focus on and describe our vision - then the structural tension between the current situation and that vision.