Uploaded July 2024 | Updated September 2026, 1 week ago
Dave Darby of Lowimpact.org and Stroud Commons talks with Tom Woodroof of Local Loop Merseyside and Mutual Credit Services about the Credit Commons – a way to federate different groups all over the world that are building the commons economy (because you can’t get everything you need from just your community) – but it does it without centralised control. I want to get more details from Tom.
Transcript of interview, with links to organisations and information mentioned in the video: lowimpact.org/posts/the-role-of-the-credit-commons-in-the-commons-economy-tom-woodroof-of-mutual-credit-services
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 build the commons economy.
Lowimpact.org: lowimpact.org
Local Loop Merseyside: localloop-merseyside.co.uk
Stroud Commons: stroudcommons.org
Mutual Credit Services: https://www.mutualcredit.services/
Commons economy: lowimpact.org/categories/commons-economy
Credit clearing: lowimpact.org/categories/credit-clearing
Mutual credit: lowimpact.org/categories/mutual-credit
Use-credit obligations: lowimpact.org/categories/use-credit-obligations
Highlights
1. We can’t really have a thriving commons economy using bank-issued, debt-based money. We need a Credit Commons to be at the core of it.
2. First there’s the Credit Commons as a vision of an entirely new economic system – a commons system, with a commons financial system supporting it. And then there’s the Credit Commons Protocol, which is one of the tools that will be part of this new commons financial system. That’s an important distinction to draw.
3. Mutual Credit Services (MCS) try to synthesise the best thinking from tech, economics, governance / political economy etc, and try to bring that expertise to communities, and work with them using their local expertise, to co-design something that’s going to work for them.
4. Credit clearing is a ‘gateway drug’ to the Credit Commons. Then mutual credit can come later, when there’s more trust.
Dave Darby of Lowimpact.org and Stroud Commons talks with Tom Woodroof of Local Loop Merseyside and Mutual Credit Services about the Credit Commons – a way to federate different groups all over the world that are building the commons economy (because you can’t get everything you need from just your community) – but it does it without centralised control. I want to get more details from Tom.
Transcript of interview, with links to organisations and information mentioned in the video: lowimpact.org/posts/the-role-of-the-credit-commons-in-the-commons-economy-tom-woodroof-of-mutual-credit-services
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 build the commons economy.
Lowimpact.org: lowimpact.org
Local Loop Merseyside: localloop-merseyside.co.uk
Stroud Commons: stroudcommons.org
Mutual Credit Services: https://www.mutualcredit.services/
Commons economy: lowimpact.org/categories/commons-economy
Credit clearing: lowimpact.org/categories/credit-clearing
Mutual credit: lowimpact.org/categories/mutual-credit
Use-credit obligations: lowimpact.org/categories/use-credit-obligations
Highlights
1. We can’t really have a thriving commons economy using bank-issued, debt-based money. We need a Credit Commons to be at the core of it.
2. First there’s the Credit Commons as a vision of an entirely new economic system – a commons system, with a commons financial system supporting it. And then there’s the Credit Commons Protocol, which is one of the tools that will be part of this new commons financial system. That’s an important distinction to draw.
3. Mutual Credit Services (MCS) try to synthesise the best thinking from tech, economics, governance / political economy etc, and try to bring that expertise to communities, and work with them using their local expertise, to co-design something that’s going to work for them.
4. Credit clearing is a ‘gateway drug’ to the Credit Commons. Then mutual credit can come later, when there’s more trust.
