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Online financial services . In countries from Africa to the Americas,
in towns in Australia, Canada, England, France, Japan, Mexico, Scotland, Senegal,
Switzerland, Thailand, approximately 800 communities have developed alternative money systems.
Some are based on their own "dollars;" others on barter systems of exchange.
Online financial services . The American town of Ithaca, New York, Canadian Salt Spring Island, and the city of Toronto
are among the 20 estimated North American communities that currently operate their own,
unique community currencies. In Britain, there are an estimated 200 local exchange and
trading systems or LETS. In Australia, LETS systems have been so successful,
it was said that if the global economy crashed, "Australia would be the country most
likely to survive, having developed a thriving alternative economy."
Online financial services at the heart of any money system is "value."
How is its value set? Who determines what money can buy?
The problem (and the beauty) of Online financial services models like lets or hours is the specifics.
Therefore the answers to these questions really depend on the community implementing them.
Whether a system is designed merely to increase buying power,
or to put a monkey wrench into business-as-usual depends of the values and
politics of those who create it.
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