Knowledge empowering change.
What you need to know to shift towards a socially just, environmentally sound and compassionate society.
In the face of increasing economic instability, building a resilient, enduring and equitable economy is vital. To achieve this, we need to understand the current economic system, how it affects our communities and ways to transform it. We also need to understand how the monetary, banking and financial systems work and their central role in the functioning of the economy.
Essential Knowledge for Transition is a three part curriculum providing the essential understanding of these systems, their impact on our communities, intervention points and alternatives being pursued around the country to shift them for the benefit of communities and ecosystems.
Currently, the money and banking systems are conflated (money is mostly created as debt by the banking system) and by their very design demand continuous economic growth and an ever expanding level of debt (public and private). There is very little understanding in the general public about what money is, how it is created and how the banking system operates. Only a fundamental shift in the design of the monetary and banking systems will allow for a viable way of addressing the mounting problem of public and private debt and make possible a shift towards a sustainable steady-state economy that works for everybody and is compatible with environmental stewardship.
The current economic crisis is a recurring phenomenon of a structurally unstable economic system. This part of the curriculum looks at the current economic crisis in its historical context, how we dealt with the last major crisis in the 1930s and how we are (counter productively) dealing with it now. It also explains the structure and behavior of the economic system, intervention points and alternative ways of structuring it so that it democratizes and localizes economic activity and anchors wealth and capital formation in the community.
This part of the curriculum looks at how investments and flow of capital impact our economic system and create increasing disparity in wealth and power. Financial capital has been transformed over time from an instrument to facilitate economic production to a self-perpetuating pool of capital growing through trading activities which are progressively divorced from productive economic activities. We will look at ways communities around the country are attempting to relocalize and democratize investments and capital formation.