Eisenstein, Charles (2011) Sacred Economics. Evolver Editions: Berkeley, CA.
Central to his premise is that our economy
has been largely about converting what is sacred and available to us all
(nature’s bounty and the kindness of others) into monetary exchanges.
We now pay for childcare, for food preparation, for entertainment. When
we run out of things to convert to dollars and run out of natural
resources, our economy and our society will falter. He believes we are
in that transition now.
He claims that money violates natural laws
in that it doesn’t degrade but I never got a clear sense why inflation
didn’t qualify. His solution to the money-based economy is a gift
economy. When he speaks, he charges only the cost to get there and then
asks people to donate whatever they feel the value was on the way out.
He explains similar options for business transactions, including a law
firm that lets clients adjust their bill up or down based on the value
they felt they received.
Since I had heard him speak, I did skim
some of the chapters. If you are well versed in what is wrong with our
monetary system and economy, you might just want to read the latter half
of the book which lays out a transition strategy.
that he speaks with a gentle tone. He’s not judgmental and envisions
ways to transform our existing systems (eg, negative interest).