Amazon.co.uk Review
Following the gloomy prognostications of the future of the global economy in John Grey's
False Dawn, it is refreshing to read Bernard Lietaer's upbeat account of
The Future of Money. Lietaer made his name implementing the convergence mechanism for the European single currency, and was named the world's top currency trader in 1989. This suggests that he knows what he's talking about when he argues that "we are largely ignorant about our money system", concerning the nature and management of money. Lietaer argues that once we understand the shifting temperament and function of money, particularly in relation to the current revolution in information technology, we can harness it for a brighter future.
Lietaer begins by addressing what he sees as the four "megatrends" currently driving society--an "Age Wave", the growth of an increasingly aged population, the Information Revolution, Monetary Instability, and Climate Change. Lietaer argues that "all crises contain hidden opportunities", which leads him to his central thesis that "we are now engaged in a structural shift of the world system, and this shift offers an unprecedented opportunity to give birth to Sustainable Development". Much of the rest of the book deals with defining sustainable development, and offering practical scenarios for its implementation. Much of this seems vague and utopian, but along the way Lietaer offers a wonderfully lucid account of the philosophy of money, the liquidity of currency and the nature of personal savings. As a financial map of the 21st century, The Future of Money is a little hazy, but as a story of the current state of money, it's extremely entertaining. --Jerry Brotton
Book Description
Bernard Lietaers extraordinary book is a devastating and controversial analysis of the challenges facing monetary systems now. The debate it will create will be a contentious and passionate one. There is no such thing as money: it is only an agreement of society to use something as a medium of exchange. This agreement is being placed under an unprecedented strain, due to a wide range of factors (from the creation of cybermoney, to social and political issues). This momentum of change could become even faster, and the effects more brutal, if the instability of the monetary system continues to spread. The global monetary crises of the 1990s (Mexico, Russia, Asia and Brazil) proved that money is modern societys central information system equivalent to the nervous system in our own bodies. In order to prevent a global monetary meltdown, a unique vision of sustainable abundance, and the mechanisms for achieving this, is proposed.
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