The-Greenman.net

Sometimes we go forwards by going all the way back. Tonight Joseph Davies-Coates from UnitedDiversity made his first presentation on his commons creation project. The project has been brewing for a while, and it's good to see things begin.

The idea: find a group of people with a common interest, gather a small amount of money from each of them each month, and place it in a bank account. Make this big pot available for the benefit of its members. Sound familiar ?

Mutual societies and group savings accounts are nothing new. We just seemed to forget about them over the last few decades when nothing mattered more than pure financial gain. Now, as attitudes start to change, as people start to seek value in areas other than pure profit, they start to matter.

We have a lot to learn about money and investing. All our existing financial systems are hierarchical structures that are not designed to let their members control how their capital is invested. The Commons Creation project aims to bring democratic process to an investment entity, I don't think it will be easy, but I am in.