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Money may rule the world – but it shouldn’t. How can we put an end to monetary domination and relegate money to its proper function: a means towards a good life?
The big banks, the global economic crisis, sovereign debt and currency speculation — money dominates our life; God and Mammon have swapped places. Christian Felber, who stirred up a sensation with Economy for the Common Good (Gemeinwohl-Ökonomie), says we should stand for it no longer. A democratic community ought to be capable of redefining and controlling the circulation and deployment of money.
In his new book, Felber sets out a detailed and lucid strategy for a new monetary order. The Common Good Bank (Bank für Gemeinwohl) could function as a »private prototype«, paving the way for ethical transactions; an establishment whose first customers will initiate a process whereby money will at last take its rightful place as »a tool that can be used to promote equality, general welfare and a better quality of life for everyone.«