4-Economy (Segment)

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4-Economy (Segment)
This video is part of the series Demain / Tomorrow

You have no doubt heard of bitcoin; but what about David Bowie currency? It exists, and can be used in the British city of Brixton. Mind you, this example of a community currency has no value elsewhere, meaning that it must be spent locally. But that's the point: this money won't find its way into the coffers of multinationals, who prefer stashing their cash in tax havens rather than investing locally. 

The complementary currency system has demonstrated its long-term sustainability in Switzerland. Since 1934, the WIR Bank has been issuing WIR Francs, a business-to-business currency that can only be spent among its 62,000 SME (small and medium enterprise) members. In Switzerland, one in five SMEs uses WIR Francs. Founded during the world economic crisis in the 1930s, the WIR Bank enables financing to be carried on even when a crisis paralyzes the conventional banking system. 

How can we fight inequality, the inevitable by-product of globalization? Large multinationals, with their sorry record of destroying nature and exhausting resources, often compete directly with local enterprises, which find it difficult to survive. One time-proven solution: small businesses can think "local" and organize themselves into networks. This is explained by the American localist Michelle Long, founding executive director leader of the BALLE Network. BALLE (Business Alliance for Local Living Economies – pronounced “bahl-ee), is a network of 35,000 local entrepreneurs throughout North America. 

The city of San Francisco (population 843,000) has put the concept of the circular economy into practice by currently recycling 80% of its waste and aiming for "zero waste" by 2020. 

In the fields of agriculture, energy, housing and the economy, successful alternative methods have proven their worth. Why, the filmmakers wonder, are governments not implementing these successful practices on a larger scale? 

Source: Wikipedia – Tomorrow (movie, 2015) 

Speakers: Rob Hopkins, Professor of Permaculture, Creator of the Movement of Cities in Transition, Emmanuel Druon, CEO of POCHECO and Bernard Lietaer, Economist

Documentary - 28 min 14 sec

France - Bruno Levy - 2015