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The New Economy – still mostly a concept, lots of people have a different vision for the kind of economic environment we are all moving into.  What was the vision for the Impact Economy Whistler, event held in October attended by CCEC Board Members, Tammy Lee Meyer and Marty Frost?  If there was a common word that could be applied to all the visions that were present, it would be “open” as in “open-source” technology - hardware and software; and “open value networks” as a way of organizing groups of people who choose to work together. 

The people who showed up all saw themselves of members of an emerging economy.  They were computer software and hardware engineers, community developers, co-op advocates.  And if there was a common word that could be applied to all the vision that was present, it would be “open”.  The computer people were all working on developing new generations of computer operating systems, applications, communication protocols and hardware, all open source.  Open Source is a concept applied to developments (computer hardware and software primarily at this point) that have no ownership applied to them.  A piece of open source software, for example, carries no license, no proprietary rights attached to it.  Anyone has a right to download a piece of open source software, modify it and put it back up on line for open sharing.  The same principles are being applied to hardware as well. 

Some of those present were also employing “open value networks” as their form of organization.  No incorporation, no legal “rights of a natural person” applied.  Simply a group of people who choose to work together, share projects, share any resulting revenue that may be produced, well, openly.  A couple of examples that people may wish to check out on line would be Sensorica, in Montreal (www.sensorica.co), or 99% Media, also in Montreal ( www.99media.org). Neither has a legal structure, they are networks of workers who get together on a project-by-project basis, and share facilities, tools and revenue. 

The other significant “group” of people were the community development folks, most of whom are involved with local, non-State currencies.  Among these was BC’s own Michael Linton, founder of the LETS system that some of us will remember from its 40 year or so history in and around the Comox Valley on Vancouver Island.  The Mutual Aid Network was represented as well, and profiled for us their highly successful time-banking system they have developed under a co-op umbrella in Madison Wisconsin.  Time-banking is in some ways another form of local currency, certainly a local trading system. (www.mutualaidnetwork.org)

In this video podcast, Michel Bauwens chats with Art Brock, Michael Linton, and Matthew Slater about money and new currencies: accounting systems, "open money", current-sees, exchange in the post-monetary economy, trust, and value exchanges.

Is this to be an aspect of the “New Economy”?  An escape from individual ownership – or any form of ownership at all – into an economic paradigm based on sharing?  If you have a need it will be there for you, if you have something to offer you have ways to offer it, and all free of state-based currency transactions?  To people like me, who has spent most of my life assisting people to work in more sharing – but certainly “legally” structured – forms of economic relationships, it raises all sorts of questions:  how scalable can these organizations be?  How are disputes – those that are now “settled” through the market – be settled?  how would “value” of goods and services be determined?  These are questions that need to be answered as we move forward.  For my part I am thankful that there are people out there who have the passion and nerve to just get out there and do it.  Test these models in the crucible of the capitalist economy in which we live, find the challenges and develop solutions. 

Marty Frost

For more information: 

http://www.impacteconomy.io  and other podcasts  https://soundcloud.com/impact-economy

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