This statement emphasizes the idea that a significant portion of local economic transactions should ideally occur through the use of local currencies rather than global ones. The speaker suggests that relying on local money can be more practical and efficient, as it helps maintain a direct connection to the real-world needs and activities within communities.
The deeper meaning behind this quote touches upon the broader issues of financial sovereignty and community resilience. By using local currencies, regions can better control their economic destinies and ensure that wealth stays within the community rather than flowing out to larger economies. This approach not only fosters stronger local businesses but also helps in mitigating some of the volatility and disconnection often associated with global markets. Local currencies promote a sense of self-reliance and mutual support, which can be crucial for sustaining communities during economic downturns or crises.
David Korten is an author and social entrepreneur known for his work on community-based economics and sustainable development. He has written extensively about the need to shift from a centralized, globalized economy towards more localized systems that prioritize human well-being and ecological sustainability. His insights often focus on how changes in economic structures can lead to positive societal outcomes, aligning closely with the principles expressed in this quote regarding local currencies and community resilience.
