Should you be part of the New Economy?
h2. Read the full newsletter HERE >>
The Importance of the New Economy paradigm
Some of you may be following the building of momentum behind a shift to a more inclusive and diverse economy. While there is some latitude on a precise definition of what is being called “The New Economy,” the broad goal is to enhance an economic system that encourages both people and planet to flourish.
There are some base concepts behind the term “New Economy” that are in fact, very old. The idea of communities coming together and trading their wares recalls the traditions of ancient spice markets- most recently seen in the newly-opened Victoria Public Market. It is no surprise that community currencies, such as Seedstock and the newly emerging Vancouver Island Dollar, are capturing the imagination of those searching for a more relevant local economy. Community currencies coupled with borderless Bitcoin exchanges are gaining traction amongst retailers and consumers alike. Over the years, many of our clients have expressed a distrust and feeling of disenfranchisement with the existing traditional banking system.
I am excited to be a sponsor at this month’s “Living the New Economy” event- the ambitious organizers from the Healing Cities Institute have put together a week of engaging and unique programs that tackle the many facets of a new paradigm brought on by the creativity and resilience of communities like ours. I will be joined by some great local champions on December 1 and 5th our sessions, “Financing the Future” and a session on raising local forms of capital.
New Economy-aligned concepts like microlending can be found in the responsible investing world, thankfully. One of the companies we work with, Meritas, invests 2% of their earnings in microlending projects around the globe. See below for one of their stories. A bit closer to home, our own Community Microlending is changing lives one entrepreneur at a time. We are so pleased to sponsor a group that makes such a difference. In fact, they are holding a gala fundraiser on November 26th. We hope to see you there.