WEAll Australia
There is growing recognition by individuals and organisations around the globe, that the current economic system does not prioritise the wellbeing of people or the planet. Governments have relied on Gross Domestic Product (GDP) as a measure of economic health for decades, but its global
Economic models are created around the idea of a Rational Economic Man; however, this is not who we are nor how we interact with the economy. Humans are social and adaptable beings, whose decision making is fluid. I propose a new economic model which reflects these realities.
People often say of LETS (Local Exchange Trading System) “I don’t know why it hasn’t taken off – it’s such a good idea!”
In this opinion piece, I look at what’s holding LETS back, and suggest a solution.
We can buy almost anything with the Aussie dollar, so why do we bother with LETS?
Almost everyone has an awareness that housing has, in some places, become unaffordable for all (who are not already homeowners) except for those on a very high income bracket. We are faced with the situation that the average wage- or income-earner will not be able, even with a double income, to buy into the property market in certain towns and cities.
Considering value in 6 domains – some non transferable – never giving any one domain dominion over another. Look around you. Lift your head from the computer and notice your surroundings. We live in a world rich with diversity. Multi-sensory, multi-colour. From where I sit