The mono-financial system of the traditional banking sector has become increasing 'divorced' from the real economy, but equally the real economy has evolved to something new that is not well served by the traditional banking sector mindset. This book provides new insights into the dynamics taking place in the financial system. We are in the throws of a 6th Kondratieff cycle, or Information Revolution, which similar to the Industrial Revolution, is changing fundamental physical and social structures in society. This book provides complementary theoretical bases (from Marx to Hayek) for examining the changes, along with empirical examples, and identifies how the serfdom to the mono-financial system can be broken within the Information Revolution. Activity by a range of non-banks, including technological, social and corporate entities is well placed to provide real competition to the banking sector.
Introduction; C.Adams & S.Mouatt PART ONE: THEORY Monetary Monopoly as Structural Cause for Systemic Financial Instability?; B.Lietaer Marx's Big Idea; N.Potts When is a Financial Crisis not a Financial Crisis?; N.Potts The Dissolution of the Financial State; S.Mouatt The Corporate Subjugation of Money and Banking; S.Mouatt PART TWO: THE EVIDENCE The Emergence of Non-Banks: E-Commerce Driven Competition in the Financial Sector; C.Adams Changing Payment Systems; C.Adams Ascendant Corporate Monies: Electronic Money in an Electronic World; C.Adams Complementary Currencies at Work; B.Lietaer PART THREE: THE FUTURE Towards an Ecology of Complementary Currencies; B.Lietaer The State-Issue of Currency without Usury; P.Challen, S.Mouatt & R.Shakespeare The Future: Competition from the Technology Arena; C.Adams A Complementary and Competitive Monetary System for the Future?; C.Adams & S.Mouatt
