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In order to identify the likely personality traits of our modern currency I'm going to look at how it is created and used, how it behaves and how it influences those who have it. Furthermore, I am going to talk about why I think the "character" of our currency is important, as well as how I think it influences our society as a whole. Make no mistake, I am not trying to claim that a £20 note has human traits, I am instead looking at the currency system itself - how money works.
The Personality of Modern Money
When money is created, it is done so out of nothing. There is no physical value attached to it; it is effectively defined by itself and has no relationship to the real world. In order for it to be created (by a loan), the demand is made that greater than the amount created is "paid-back" (via interest). If the terms of this agreement are not met, then the entity who created the money will confiscate the property bought with the money, which didn't exist until it was created.
When money moves, it does so from the hands of the people who need it most, to the people who already have it in abundance; From the people who will die without it, to
the people who have more than they could ever use in a million lifetimes of comfortable living. It abandons the very people who it promises to help and sits idle while people suffer and perish. The most productive people of the Earth are awarded the least of it and the least productive, the most of it.
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From this I feel justified in arguing that money is a psychopathic personality, viciously competitive, greedy and without empathy. It cares not for the people who need it and tells those who have it that they are unfulfilled, that they still need more - that they are not enough as they are. Modern money is the spirit of competition in spite of the consequences, it is the voice that tells you to consume and the cancer at the heart of our society.
Alternative Currencies: Idea's and Examples
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the use of Complementary Currencies, which can be used at local businesses for buying services and goods. Residents of the communities involved have even been known to have salaries paid in local currency, to show support for the businesses which are taking part.
Fureai Kippu is an alternative currency which is issued in Japan. The phrase itself means "Caring Relationship Ticket" and credit is earned by offering services to the elderly. These Fureai Kippu credits may be transferred to other family members or saved for when the owner becomes sick or elderly themselves. In this way, people may work helping others within their own communities to earn Goodwill Tokens, which they can transfer to an elderly or sick friend or relative in another community. The personal connection and spirit of kindness implied by the currency transfers with the tokens - which I think is something quite beautiful.
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The most interesting thing about this concept is that, when surveyed, the elderly people preferred the services of those who were paid in Fureai Kippu, over those paid in Yen. The nature of the currency as a "Goodwill Token" seems to imply a personal connection which is not conveyed by Yen. Essentially, I think the Fureai Kippu concept is a quantified version of the idea of using Kudos as a currency. But what is Kudos? Do we already have it in some form and how could we implement this in modern society?
Money Just Gets in the Way...
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otherwise. If you feel that a person has a lot of Kudos, then you respect them simply because you believe that they act in a way which you find admirable. It is created by the actions of people and can be traded because you are more likely to assist someone who has your respect (and gain Kudos by doing that), than you are to assist some one who does not.
Making a Money-Free Economy Work
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"But if we take away money, what will people have to work for?" "Yeah! Won't people just get lazy or greedy anyway?" "Competition is in human nature! We can't change that!" These are the protests that I most often hear when I table the idea of A World Without Money (cue dramatic music). Challenging the status-quo is hard because the Cognitive Dissonance surrounding the subject of competition is so strong. The urge to compete and be better than another person, team or country is so ingrained at every level of the system that many people struggle to operate outside that box.
I would argue that many of the examples I am given of "natural competition" are Texas Sharp-Shooters quite short-sighted and fail to consider the wider context. Nature doesn't compete with itself on a grander scale, it finds balance as a cybernetic system and different organisms generally achieve this balance by exploiting niches within the system which allow it to live harmoniously with it's greater environment. They align themselves with the naturally existing system of their environment and thrive within it. Genes only compete to reproduce by finding new niches or better exploiting existing niches than their predecessors.
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Namaste,
Fanfare for The Conscious
Sources
Oxfam: Growing Inequality
OxfordDictionaries.com: Kudos
Wikipedia: Transition Towns
Wikipedia: Permaculture
Wikipedia: Complementary Currency
Wikipedia: Fureai Kippu
SimplePsychology.org: Cognitive Dissonance
YourLogicalFallacyIs.com: Texas Sharpshoter