Social Trade Organisation:

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Presentation transcript:

Social Trade Organisation: New Money presentation Forum Alternative, Transeurope Festival, Prague

Financial system is a failure High (youth)unemployment Unequal distribution of welfare Unstable and unsustainable Environmental problems

Social Trade Organisation (STRO) The Social Trade Organization was founded in 1970 based in Utrecht, The Netherlands Mission: “to research, experiment and implement innovative sustainable economic structures made to suit local economies.”

STRO’s presence in the world 4 4 4

Local circulation in poor areas: problem Money flows towards richer areas without supporting the local economy

Local circulation in poor areas: solution = own currency > own currency forces local purchasing power to circulate longer within the region > afterwards can be exchanged for trade outside the region

Local Money: how does it work? Thousands projects worldwide using an own, local currency Can only be used within certain area: neighbourhood, city, region No replacement of national currency, but complementary Some local currencies: no exchange for national currency Other local currencies: exchange for national currency or goods

Local Money: paper money or …..

Local Money: digital > Cyclos software STRO's open source software for the administration and operation of Transaction Networks For the users it functions like online banking software, allowing transfers between accounts through Web, cards and SMS Introduces innovative algorithms that help to keep purchasing power circulating longer, faster and more times in the local market Offers functions of social networks and online market place

Local Money: an example consumers supermarket restaurant LM LM computer-shop $ LM + bonus loan butcher administration LM

Local Money: an example consumers supermarket restaurant accountant LM LM LM LM transport LM computer-shop $ LM distribution LM garage LM butcher administration marketing companies LM $ - fee stock-farmer LM

Local Money: advantages Local purchasing power circulates longer within the region: more local economic activity and more jobs Cheaper loans to companies that participate in the network Use of Cyclos means introduction of modern payment system

Local Money in practice: Puntotransacciones El Salvador: 500 companies and consumers Turnover 2011: 1.3 million dollar, doubling each year

Local Money in practice: Brixton Pound

Results We have proven that privately emitted means of payment are technically viable, legally sound and commercially accepted Our methods for emitting, backing and administrating different forms of means of payment are operational in hundreds of local networks Our software for online transactions is being used in more than a hundred trade-networks (that we know of...)

Local Money in Europe Most European countries in economic crisis High unemployment, e.g. youth unemployment is 50% in Spain Conventional solution: budget cuts by governments

Campaign: Spend Local for More Jobs worldwide

Maybe also in Czech Republic: nakupuj lokálně? www.nakupujlokálně.cz ?

More info on STRO STRO: www.socialtrade.org Cyclos: www.cyclos.org Facebook: www.facebook.com/socialtrade Twitter: SocialTradeOrg Spend Local: www.spendlocal.org email: jaap.vink@socialtrade.org