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Economics of interdependence

Moving from an economy of rugged individualism to one of interdependence, with assets definancialized and localized as much as possible.

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I think I in accord with these ideas. I have an association with both “Small is Beautiful”, a book on Buddhist economics, and steady-state economics.

Can you say more about what “assets definancialized” means?


The meltdown of 2008 was largely a result of the financialization of real estate assets; turning them into phantom financial vehicles with a calculated market value far above their real value; thus it created a bubble. Financialization leads to specious values that are unsustainable. Keeping the assets local, like letting people sell houses to support local business expansion with the revenue stream like we are doing with is one way to keep the assets local even though mortgages can still be used to make more profitable, short term loans available to fuel community economic development.

We are launching the credit union network I talked about on an OGM call.

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