Saturday, October 6, 2012

Chapter 3.15 – Why do we need money at all?

Excerpt from the book »Gradido – Natural Economy of Life«


If the solution is to give freely, why do we still need new money at all? Why don’t we change over immediately to a gift economy? This question is completely justified and is also discussed in circles of alternative economic researchers. Interestingly, the question is always soon raised regarding a regulator to document the services that have been rendered and made use of. Some people suggest writing down simple figures: when a certain service has been rendered we should, for example, credit an account with +10. Then one person would have the figure +267 on their account and another person –389. But what is that but money without a name?

Money has proved itself for the documentation of services and goods transactions. Even the advocates of a pure gift economy cannot do without it. Sooner or later they invent a money equivalent, which they may claim is not money although it fulfils similar functions. The gradido is such a money equivalent. It is up to you whether you want to call it money or not.

In this connection an important difference between the gradido and conventional money must be pointed out. The old money is a promissory note, a promise of services, a means of payments. The gradido is by nature rather a documentation of services rendered or goods transactions. If the services or goods are given voluntarily, meaning »donated«, the gradido is not a means of payment but a »means of thanks«. With the gradido we are gradually moving away from the old market economy, the »economy of buying and paying«, in the direction of an »economy of donating and thanking«.

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