> > > I meant interest as a return on an investment. > Thanks for the clarification. Within the system I propose, investments are not debt that cause interest, but are instead 'prepayments' similar to how crowd-funding works (though not identical). Crowd-funding has many variations, but when it is structured such that consumers prepay for a product, the producer receives what is essentially an *interest free* loan that is repaid as a guaranteed sale! For example, the http://www.kickstarter.com/projects/ouya/ouya-a-new-kind-of-video-game-console project raised $8.6 Million. They will never repay that using money, but will instead 'payout' the competed product. They are not being charged interest by those funders. This part of my approach is a bit more involved - the consumers prepay for products similar to crowd-funding, but then become real co-owners of the Physical Sources of that production and thereby receive the product as a "side effect" of that ownership (just as the owner of a cow does not buy the milk from himself since he owns it already). Sincerely, Patrick Anderson http://SocialSufficiencyCoalition.BlogSpot.com
Received on Sunday, 7 April 2013 23:47:21 UTC