Financial dimension

The ever expanding financial and monetary sphere is related to our ever expanding exploitation of resources and humans.

A working group is being set-up on this issue. If you are interested to join please send an email to network {@} degrowth {.} net

Some of the possible degrowth proposals in this field, developed at the Second international conference on Degrowth (Barcelona 2010) are illustrated below:

Money and currencies / Financial institutions
> Limit interest rates and money creation (by introducing 100% reserves in banks, implying the disappearance of financial markets, and questioning global currencies).
> Transition towards local currencies for trade degrowth is needed.
> Currencies and lending/borrowing should be physically-backed.
> Cooperative banks managed by communities/municipalities, cooperative banks’ environmental and social standards are set and regulated by the community leading to a social economy.

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