Great Lakes Commons Issues "Currency of Care"
The Great Lakes Commons project has embarked upon an ingenious campaign to reimagine money, value and water protection by issuing its own time-limited “Currency of Care.” The bills are not likely to be used for commercial transactions. In a way, that is the point – to spark a new conversation about money, value, community and the Great Lakes.
The Great Lakes Commons is inviting people to give a Currency of Care note as a thank-you to people who have done something to protect the Great Lakes in big or small ways. Or you can give notes to people as a request that they do something to protect the lakes in the future. Paul Baines, an organizer of the project, notes:
“Each note represents the act of giving gratitude or requesting action. Each note carries the most precious value: acts of thanks and care for the Great Lakes. Rather than based on dollars, the value of these notes is our collective agreement and intention to reward people for their water protection through past actions (saying ‘thanks’) or future actions (saying ‘please’). Because our current money systems only acknowledge economic utility and gain, our Great Lakes Commons currency needs a wildly different theory of value -- such as past/future actions for water care.”
More than 5,000 individually numbered bills have been distributed, all of them due to expire at end of year. Why the expiration date? Because “this currency is for sharing not saving,” the currency webpage explains. “The value of this currency comes through its use -- its current. The rules of today’s dollar system rationalize hoarding and controlling money to make more money. The needs of healthy people and living water are denied not because there isn’t enough money in the world, but because it makes ‘sense’ to accumulate/hoard more and to spend it otherwise.”
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Below, I argue that the commons paradigm offers a refreshing and practical lens for re-imagining politics, governance and law. The commons, briefly put, is about self-organized social systems for managing shared wealth. Far from a “tragedy,”2 the commons as a system for mutualizing responsibilities and benefits is highly generative. It can be seen in the successful self-management of forests, farmland, and water, and in open source software communities, open-access scholarly journals, and “cosmo-local” design and manufacturing systems.
The 2008 financial crisis drew back the curtain on many consensus myths that have kept the neoliberal capitalist narrative afloat. It turns out that growth is not something that is widely or equitably shared. A rising tide does not raise all boats because the poor, working class, and even the middle class do not share much of the productivity gains, tax breaks, or equity appreciation that the wealthy enjoy. The intensifying concentration of wealth is creating a new global plutocracy, whose members are using their fortunes to dominate and corrupt democratic processes while insulating themselves from the ills afflicting everyone else. No wonder the market/state system and the idea of liberal democracy is experiencing a legitimacy crisis.


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