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I propose this in my piece for @Athwart_Mag:
https://www.athwart.org/building-an-alliance-sacree/amp/?__twitter_impression=true https://twitter.com/oren_cass/status/1323661557419692032
https://www.athwart.org/building-an-alliance-sacree/amp/?__twitter_impression=true https://twitter.com/oren_cass/status/1323661557419692032
Locals get direct equity in local banks which only invest in local businesses. A virtuous cycle of growth at the ground level that cultivates the productive powers of that locality.
The idea of the CWF and the theory behind it was directly inspired by Friedrich List's theory of productive powers: https://postapathy.com/rents-and-productivity/
Communities need to have wealth circulating *in* the community. Banks need to be solely answerable to community interests. Communities need to have equity in their local banks and, through them, equity in the surrounding local businesses.
Equity, equity, equity. Period.
Equity, equity, equity. Period.
Interest-debt loans? Out.
Usury? Out.
Money going from a community to another region or country before its own needs have been served? Out.
Usury? Out.
Money going from a community to another region or country before its own needs have been served? Out.
If the goverment won't get behind it, then it could be a private initiative driven by a religious mission to protect the ordinary person's finances. Gold for God:
You don't need theory and magazines. Basic first principles are there. A few good people need to get around a table and set up an institution.
This is a great thread though https://twitter.com/NateAFischer/status/1323664810731544576
