Recently In received an invention to write a quick overview of our proposal for an alternative to our current socio-economic system from a group opposed to fiat money. I wrote this:
- We argue that our current socio-economic system has a fundamental unsustainable nature (liner production, infinite exponential growth with finite resources). Thus, we cannot fix the problem without addressing the core problem (therefore, we argue, that just changing the current system wont work).
- We aim to maintain a high standard of living in a sustainable way. To do that we propose a system of expert management of the resources we need in society. We can see a socioeconomic system as a type of resource allocation system; from raw materials to production to goods and then back to raw material (in a sustainable system).
- We argue that our resource allocation system forms an example of a physical system, thus requires energy to run. We can determine the amount of energy we need to produce an item. We can also account for materials we use in terms of energy (using the exergy concept). Thus, we have a common accountancy unit to measure production in therms of energy.
- We propose an alternative, sustainable, socioeconomic system based on the allocation of resources through the use of energy accounting. We measure production in terms of energy and allocate equal amounts of the production capacity to people who then decide how the production capacity gets used and what items it produces.
The above presents a quick over view but you can get more details here: The Design