In his book The Future of Money, Lietaer points out - as the government did yesterday - that in situations like ours everything grinds to a halt for want of money. But he also explains that there is no reason why this money should take the form of sterling or be issued by the banks. Money consists only of "an agreement within a community to use something as a medium of exchange". The medium of exchange could be anything, as long as everyone who uses it trusts that everyone else will recognise its value. During the Great Depression, businesses in the United States issued rabbit tails, seashells and wooden discs as currency, as well as all manner of papers and metal tokens. In 1971, Jaime Lerner, the mayor of Curitiba in Brazil, kick-started the economy of the city and solved two major social problems by issuing currency in the form of bus tokens. People earned them by picking and sorting litter: thus cleaning the streets and acquiring the means to commute to work. Schemes like this helped Curitiba become one of the most prosperous cities in Brazil.
“Chinese technology companies are shaping new facial recognition and surveillance standards at the UN, according to leaked documents, as they try to open up new markets in the developing world for their cutting-edge technologies,” reports the Financial Times in a piece making the rounds on Monday.
In the early days of the web, everyone wanted a .com domain for their site. As a result, all the good ones got snapped up. But .com no longer has the cachet it once did. In fact, many new businesses and individuals are opting for other top-level domain extensions. One of the most memorable is […]
When the SNES launched back in the early 1990s, it changed gaming forever. One of the innovations was a gamepad with four action buttons — something that has remained a constant on controllers ever since. The 8BitDo SN30 Bluetooth Gamepad brings that iconic design up to date, with Bluetooth connectivity and support for multiple platforms. […]
After a long day at work, cooking a meal from scratch can seem like too much trouble. Unfortunately, the alternative is usually something unhealthy. Enter the Mellow Sous Vide Precision Cooker. This compact water bath uses cutting-edge technology to cook meat and veggies at the perfect temperature for exactly the right amount of time. It […]