This book advocates a holistic reform of the current monetary and financial system dealing with the issues of money creation, central banks, loans, stock markets, tax justice, pension security and the international monetary system - Bretton Woods II. Its innovative approach presents several alternatives for each cornerstone, in addition to introducing a participatory democratic process whereby sovereign citizens can themselves determine the rules governing the new financial and monetary system. With democratic money conventions in each municipality, where the elements of this new money system are discussed and decided on in a participatory manner, and a federal money covenant which then elaborates a template for a referendum about the future money constitution, a true sovereign could progressively convert money from a financial weapon into a democratic tool.
The envisaged democratic monetary system, by providing equal opportunities for every member of society toparticipate in the development of the new rules of the game, turns money progressively into a public good which increases the freedom for all.
The new system furthermore drives the enhancement of constitutional and relational values such as human dignity, solidarity, justice, sustainability, or democracy. Money should serve life and should serve the common good. The Bank for the Common Good Project, which was initiated in Austria by the author Christian Felber, represents a practical example of his proposals.
Christian Felber is an internationally renowned speaker, lecturer at the Vienna University of Economics and Business and a contemporary dancer. Christian has authored several bestsellers: 50 Suggestions for a fairer World, New Values for the Economy, Lets save the Euro!, Change everything. Creating an Economy for the Common Good, and Money. The new rules of the game, which was awarded the getAbstract International Book Award 2014. Christian is a regular collaborator of the Huffington Post. He is the initiator of the Economy for the Common Good and the project B
ank for the Common Good. Felber was born in 1972, studied Spanish, Psychology, Sociology and Political Sciences in Madrid and Vienna, where he lives and works as an independent writer.
