Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Alternative Currency Pioneer Leaves Rich Legacy

Alternative Currency Pioneer Leaves Rich Legacy


Long before Bitcoin was a twinkle in its creator's eye Dr Margrit Kennedy was writing the framework for a world of alternative currency systems.

Dr Kennedy, a German architecture professor, passed away 2 weeks ago on December 28th with little fanfare, but her 1988 book 'Interest and Inflation Free Money' started a world movement in economic thinking including here in New Zealand.

Her tour of New Zealand in 2001 inspired the formation of the Living Economies Educational Trust which promotes building local economies through monetary literacy and the implementation of community currency systems.

Living Economies Chair, Phil Stevens said “Margrit was deeply committed to promoting money systems that work for the welfare of people and the planet.”

She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies"

“Awareness of complementary currencies is increasing, thanks to the work of Margrit and others in the field, and there are now technological solutions to enable any community, interest group or even local government to start their own digital exchange systems.” Mr Stevens is also a server engineer for Community Forge, who provide open source software and free hosting for online currencies around the world.

Helen Dew, founding member of Living Economies commented that “Living Economies has come a long way since our modest beginning in 2002. Timebanks have spread throughout New Zealand, currently in 28 locations with many more in formation. Savings Pools, an interest-free savings and loan scheme unique to NZ are also gaining in popularity and interest is being expressed in copying the model in other parts of the world.

Given the mounting financial challenges experienced by local authorities, businesses and community organisations we fully expect rapid and widespread adoption of complementary currencies throughout New Zealand this year.”

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news