The ‘New Economy’ discussed here is not a proposition for radical discontinuity, and still less an artefact of wishful thinking. Whatever the urgency of a transition to an economy that interacts healthily with the biosphere, no proposition for this transition can succeed that does not present as a beneficial ‘adjacent possible’ for some significant fraction of the billions of pragmatic economic choices that are made each day by people with perfectly reasonable desires for security, dignity, and agency.
We thought it fitting to lauch this blog with an interview with the originator of the term ‘Credit Commons’. Thomas Greco taught economics, finance and statistics for 14 years at Rochester Institute of Technology in New York, and is now an activist and consultant working on alternatives to the current money system. He also wrote the End of Money and the Future of Civilisation.