Uploaded January 2019 | Updated September 2026, 1 week ago
We’re interviewing key players in the new economy, to:
a) bring their work to a wider audience
b) try to find ways to co-ordinate their efforts
c) stimulate debate d) help to grow the new economy.
By new economy, we mean an economy whose component parts are democratic and non-extractive, rather than undemocratic and extractive.
Here, Dave Darby of Lowimpact.org chats with Thomas Greco, author of The End of Money and the Future of Civilisation. Tom blogs at beyondmoney.net and is a specialist in mutual credit.
Here's a transcript of the interview: lowimpact.org/future-of-money-thomas-greco
Highlights
1. Ecological destruction is not going to stop until we put an end to this debt-based money system. The compound interest formula is driving us to destruction. It militates against equity and justice as well as peace, and so we have to decentraise power, and the only way we can do that is by decentralising control of credit.
2. The political system has been so thoroughly captured by financial, banking, corporate, military, industrial interests that the political approach to reform is hopeless. I’m not concerned about ideology. I’m concerned about practicality – what works, what’s going to make things better. I envision a mutual credit network in which credit is locally controlled and allocated, but is globally useful.
3. It takes a lot of energy to produce Bitcoin, and it just sits there. Most people use Bitcoin as a speculative medium, or as a hedge against inflation of conventional currencies. It serves better as a store of value – very little Bitcoin is being used for payments.
Dave Darby
lowimpact.org
noncorporate.org
Tom Greco
beyondmoney.net
Other sites mentioned:
UK Mutual Credit Network - lowimpact.org/why-join-new-national-mutual-credit-scheme
The End of Money and the Future of Civilisation - lowimpact.org/books/books_lets
Credit Commons white paper - creditcommons.net
Positive Money’s videos on money creation - positivemoney.org/how-money-works/banking-101-video-course
Viable System Model - lowimpact.org/viable-system-model-trevor-hilder
Mutual credit introduction - lowimpact.org/lowimpact-topic/mutual-credit
Tim Jenkin – what comes after capitalism - community-exchange.org/docs/aftercapitalism.html
Bitcoin uses too much electricity - lowimpact.org/how-much-electricity-does-bitcoin-consume-and-what-are-the-alternatives
We’re interviewing key players in the new economy, to:
a) bring their work to a wider audience
b) try to find ways to co-ordinate their efforts
c) stimulate debate d) help to grow the new economy.
By new economy, we mean an economy whose component parts are democratic and non-extractive, rather than undemocratic and extractive.
Here, Dave Darby of Lowimpact.org chats with Thomas Greco, author of The End of Money and the Future of Civilisation. Tom blogs at beyondmoney.net and is a specialist in mutual credit.
Here's a transcript of the interview: lowimpact.org/future-of-money-thomas-greco
Highlights
1. Ecological destruction is not going to stop until we put an end to this debt-based money system. The compound interest formula is driving us to destruction. It militates against equity and justice as well as peace, and so we have to decentraise power, and the only way we can do that is by decentralising control of credit.
2. The political system has been so thoroughly captured by financial, banking, corporate, military, industrial interests that the political approach to reform is hopeless. I’m not concerned about ideology. I’m concerned about practicality – what works, what’s going to make things better. I envision a mutual credit network in which credit is locally controlled and allocated, but is globally useful.
3. It takes a lot of energy to produce Bitcoin, and it just sits there. Most people use Bitcoin as a speculative medium, or as a hedge against inflation of conventional currencies. It serves better as a store of value – very little Bitcoin is being used for payments.
Dave Darby
lowimpact.org
noncorporate.org
Tom Greco
beyondmoney.net
Other sites mentioned:
UK Mutual Credit Network - lowimpact.org/why-join-new-national-mutual-credit-scheme
The End of Money and the Future of Civilisation - lowimpact.org/books/books_lets
Credit Commons white paper - creditcommons.net
Positive Money’s videos on money creation - positivemoney.org/how-money-works/banking-101-video-course
Viable System Model - lowimpact.org/viable-system-model-trevor-hilder
Mutual credit introduction - lowimpact.org/lowimpact-topic/mutual-credit
Tim Jenkin – what comes after capitalism - community-exchange.org/docs/aftercapitalism.html
Bitcoin uses too much electricity - lowimpact.org/how-much-electricity-does-bitcoin-consume-and-what-are-the-alternatives
