A Totally Different Way to Think About Economics — with Visionary Charles Eisenstein

[Jay Bazuzi]

34. He doesn't propose the abolition of money

It's common for people to hear a summary of what Charles Eisenstein says about money, and think he's proposing we abolish all money, and everyone should just give gifts. That's not what he's saying.

Instead, he looks at the way gift networks function, and asks "how can we change our systems & institutions to embody the same values as the gift?"

We clearly still need money for many things - how else can we coordinate the enormous efforts that go in to building a computer, cell phone, sky scraper, space ship?

But money as we know it embodies beliefs that are becoming obsolete. As our beliefs change, it is necessary for money and other institutions to change to match.