Like the proverbial fish who doesnâ€™t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we donâ€™t know is hurting us. Very few people realize that the nature of money has changed profoundly over the past three centuries, orâ€”as has been clear with the latest global financial crisisâ€”the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises. The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Grecoâ€™s masterful work lays out the problems and then looks to the future for a next stage in moneyâ€™s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power. Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success. Ultimately, The End of Money and the Future of Civilization provides the necessary understandingâ€” for entrepreneurs, activists, and civic leadersâ€”to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.
Business & Investing, Economics, Money & Monetary Policy,