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Since America is bringing back kings what other kind of stuff is on your medieval wishlist? (lemmy.world)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 3 points 4 months ago (1 children)

Good luck having global trade with that.

[–] [email protected] 6 points 4 months ago

I think Rushkoff's notion was that new local currencies would be in addition to central currency. It just allows businesses to give a discount to transactions that will keep the wealth inside the community.

It's a neat idea, I just don't know how you would protect it from financial services turning it into yet another abstract tradable asset that undermines the original purpose.