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In
this Schumacher Briefing, Richard Douthwaite argues that just as
different insects and animals have different effects on human society
and the natural world, money has different effects according to
its origins and purposes. Was
it created to make profits for a commercial bank, or issued by a
government as a form of taxation? Or was it created by its users
themselves purely to facilitate their trade? And was it made in
the place where it is used, or did local people have to provide
goods and services to outsiders to get enough of it to trade among
themselves? The Briefing shows that it will be impossible to build
a just and sustainable world, unless and until money creation is
democratized.
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His
book, The Growth Illusion: How Economics Growth has Enriched the
Few, Impoverished the Many and Endangered the Planet, was published
by Green Books in 1992 and an extended and updated second edition
appeared in 1999. His other major book, Short Circuit (Green Books,
1996), gives dozens of examples of currency, banking, energy and
food production systems which communities can use to make themselves
less dependent on an increasingly unstable world economy. In 1998-9
he was a consultant to an EU-funded project to establish experimental
community currencies in Scotland, Ireland, Amsterdam and Madrid.

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