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[ox-en] Re: Money as a dominant social relation



Hi Michel and all!

Last month (42 days ago) Michel Bauwens wrote:
This might be of interest to some:

*Report from Argentina - The Rise and Collapse of Red Global de Trueque and
the Social Money Movement*. Thomas H. Greco and Sergio Lub, May 27, 2003

at http://p2pfoundation.net/Argentine_Social_Money_Movement

Indeed the Argentine example is a good example for community
currencies and why they don't scale to structures bigger than a social
community. Under

	http://p2pfoundation.net/Argentine_Social_Money_Movement#The_Problems_with_the_RGT_Creditos

there is a list of problems. They are all caused by the abstraction of
big societies - i.e. when leaving social communities. The underlying
problem here is in the human mind which can not be in solidarity with
someone who is too remote - especially not when your own life depends
on it (Brecht: "Erst kommt das Fressen, dann kommt die Moral").

In particular 

  6. The injection into the economy of huge amounts of counterfeit
     credito currency

which is the result of the structural force embedded in the money
mentioned in

  3. Primary reliance upon paper currency without adequate safeguards
     against counterfeiting and falsification, and,

is the reason why you need a powerful authority who prevents
counterfeiting money. In a democracy the state is probably the best
authority for this one can think of.


						Gr?ü?ße

						Stefan
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