A Community Wealth Fund is analogous to a Sovereign
Wealth Fund. A Stokvel is a savings or investment society to which members
regularly contribute an agreed amount, and agree to a constitution which controls
how the money is dispersed. A Community Wealth Fund is a form of Stokvel. A
group of people can come together and build an Engine which could pay the whole
Community a Basic Income. This could start Pay-As-You-Go redistribution (while
the Engine is being built), and part investment (then fully Capital funded when
the Engine is big enough). The difference between a Community and Sovereign
Wealth Fund is that “The People” isn’t abstract. It starts from the bottom up
with names and faces. It starts with agreements. Agreements to build, and
agreements to support each other. Agreements followed by action.
No comments:
Post a Comment