Doug Rushkoff on the Technologies of Persuasion

"Centralized currency -- invented during the Renaissance, really -- favors the kinds of business practices and centralization of power that actually works against good, honest, local commerce. In short, it favors Wal-Mart over, say, Community Supported Agriculture.

There are other kinds of money – and they were in existence until they were outlawed by kings and queens looking to centralize authority. Money that is lent into existence by a central bank will tend towards scarcity and competition. Money that is earned into existence by people in a specific place has very different properties, and works on a model of abundance.

Even sacred economic doctrines, like the law of competitive advantage, are based on a series of assumptions. The models that prove their effectiveness, for example, assume 100 percent employment. And that just isn't the case in the nations that signed onto NAFTA and other open-market agreements.

So the first step is to separate commerce from the very specific commercial and economic architecture created specifically to favor corporations and promote competition for scarce resources."

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