I was reading through the residual income stream thread and there are tons of great ideas. Is the Scubbly thing where we can link to Paul's and Erica and Ernie's stuff and get a cut still going? I might do that. I have a blog that gets about 2 hits a week! haha its probably mostly kids checking out the skatepark photos...
But then I thought about public banking and even further out there, Michael Tellinger's ideas with the Ubuntu Liberation Movement and his version of public banking (0% loans to everyone who needs them, money is supposed to circulate not stagnate) and I remembered there was a man at the previous PermacultureVoices talking about Permacredits or something...I think there is a strong intersection between public banking (as a concept) and permaculture but I'm just now starting to think about it and I'm sort of getting into a habit of just typing out my thoughts here on Permies...
So my understanding of public banks is that they're owned by the public (the state?) but they invest in their people more than say private corporate banks. I'm sure everyone has heard of the Bank of North Dakota and how they're doing so great. (I wonder how much it has to do with oil boom) I've heard of an effort in Sonoma or Mendo trying to set up a smaller public bank.
While I'm at it, there should also be a strong intersection of worker owned cooperatives and permaculture. We're pretty familiar with cooperative living at least in concept but maybe not so much with cooperative business management?
Is this too political? Am I outing myself as a socialist?
Analogizing with permaculture design it seems like money is analogous to water. So our money system design isn't designed to spread and soak money, in fact it efficiently channels money into torrents that quickly leave the site leaving erosion and poor growing conditions. Public banking might be analogous to mainframe water harvesting design as the critical (keypoint?) diversion from which all other possibilities emerge, is altogether missing, (not even poorly sited).
Well, IMHO, incentive is important, but being greedy is destructive.
The LDS Church instituted the Perpetual Education Fund with a hybridized funding system that you could apply here. Allow donations because tax write-offs for the rich idealists is a good thing. Allow investing, because rewarding the rich capitalists is good, too. Lend the money at a low interest rate because we want more rich idealists and rich capitalists to come along eventually.
I would be happy to use my few monetary resources to promote permaculture, especially if it means i can gain interest on my savings that i am putting aside for permaculture farming to begin with.
Brace yourself while corporate america tries to sell us its things. Some day they will chill and use tiny ads.
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