Health researcher Dr Lynne Friedli joined us in April in Govan, Glasgow for a highly stimulating evening. This presentation, and the following discussion, is now available to download and stream, along with Lynne’s slides and bibliography.
Lynne Friedli is author of a report for World Health Organisation Europe on Mental health, resilience and inequality http://www.euro.who.int/
Lynne is interested in current debates about the politics of ‘assets based approaches’ and the psychologising of public health, and is currently researching the use of psychological approaches in workfare and other employment programmes.
Part one: Lynne Friedli talk- ‘It’s a Hearts and Minds Thing’: Mental Health and the Psychologising of Social Justice in Scotland’
Part two: roundtable discussion with Lynne Friedli and participants (headphones or quality speakers recommended)
For our second event of the year, CHE’s Mike McCarron hosted a talk on Citizen’s Basic Income. The chatcast of this talk, and the lively discussion that followed, is available to listen below.
Mike qualified in social work in 1978 and worked in Glasgow statutory settings addressing offending, alcohol and drug problems, community care services and child protection, community development in disadvantaged areas and supporting the voluntary sector. A spell as full-time councillor, also active at the Convention of Scottish Local Authorities during the late 1990’s, was followed by 10 years involvement in the development and implementation of Scotland’s Drug Strategy.
Read more: Citizen’s Basic Income: time for Scotland to take a lead
Image copyright of BBC
CHE graduate Zoe Palmer’s project, The Golden Company, is an award-winning social enterprise based in East London, introducing young people to urban beekeeping.
This project is featured on ‘Spirit of the Beehive’ at 11am tomorrow.
More information is available, and the programme can be listened to at the BBC site for the program here: http://www.bbc.co.uk/programmes/b013r2gv
You can now listen to an audio ‘chatcast’ of CHE’s first event of 2014: a discussion on ‘Alternative currencies – can we create our own money to build local economies that sustain us?’.
Leading the discussion, and sharing his knowledge is CHE’s Walton Pantland, who works for Unite, the biggest union in the UK. Walton is joined around the table by CHE colleagues and members of the public who also contribute.
Walton is South African, and before coming to Scotland worked with trade unions and community groups in South Africa. He wrote HIV-Aids manuals for COSATU and the ITF, and worked on projects for Workers’ World Media Productions and Ditsela.
Below are Walton’s notes of the presentation he gave.
Alternative currencies
Economics has an exhaustive amount to say on the flow of money, but very little to say about what it is, and why we use it. It’s a medium of exchange, and a store of value.
It is also a commodity – a thing that can be bought and sold.
Without money, we would all be bartering with each other, right?
Wrong: there is no evidence for this. Before money, primitive societies:
• Bartered ritualistically, for instance to celebrate a treaty
• Bartering is only common in populations that used to have money – for instance, in prisons and refugee camps. And they quickly develop a currency – for instance, the cigarette
• Primitive communism
• With the rise of mercantile city states we had the rise in debt, with for example landowners paying tax in wheat after the harvest had come in.
Later, debt chits were exchanged, and became money.
However, for most of human history, most people had little to do with it, taking from the land what was needed and sharing labour.
Money as measurement. No one ever said “I can’t pour you a glass of water because I have run out of millilitres”. If we look at money in this way, the solution seems simple: just make more.
What does it measure? Our social obligation to each other
Money has no intrinsic value. It no longer represents anything real. We use fiat currency now, which means its value is determined by the state.
Almost all money nowadays is electronic – it’s just a system of accounting maintained by banks, and is not backed by anything real, other than the authority of the state and central bank . It is sustained by faith – so what do we believe in?
Types of alternatives
• Local currencies – the Bristol Pound, Brixton Pound
Best for keeping money local. Work best in highly specific environments with a strong local identity, because it needs buy-in from business owners. – for e.g. a Southside Pound might work, to counter dominance of the West End
• Timebanks
Best for sharing skills in a community. For instance, the Greater Govan Time Bank. Service exchange with time as currency. It has limitations, for instance it is good for trading services of similar value, but not goods.
• LETS
Best as an alternative to the mainstream economy. Local Exchange Trading System – like the Cape Town Talent Exchange and Community Exchange System. Uses a currency to overcome some of the imitations of time banks.
• Crypto-currencies
Bitcoin and others – beloved of anarcho-capitalists and libertarians. Electronic money backed by software rather than any central government. Anonymous. Benefits the tech savvy.
Personal experience
CES: https://www.community-exchange.org/
Conclusion
The current system keeps most of the world locked in poverty, “owing” our labour to those who have engineered it so that they control the money supply. By reconceptualising money, we can begin to break some of this down.
MMT applies some of these insights to modern economies – instead of creating electronic money through QE and buying up the banks’ bad investments, use it
Further reading
Brett Scott: The Heretics Guide to Global Finance
David Graeber: Debt: the first 5,000 years
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