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THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

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will have enough money to run an election campaign and who will<br />

not.'<br />

The root cause<br />

While these concerns are relevant and poignant, I have come to the<br />

conclusion that they are attacking symptoms rather than causes. In<br />

modern Western history, power and influence have traditionally<br />

been shared and/or balanced between Four ‘estates’ the government,<br />

business, academia, and the media. Today, more blatantly and<br />

directly than ever before, money is controlling all four of these<br />

estates. Even CEOs of the most powerful corporations are obliged to<br />

do what the financial market wants, or they are fired and replaced by<br />

someone who will. Giving priority to long-term thinking over next<br />

quarter's profits is brutally punished under the present money<br />

system. At some level, we are all prisoners of the same money game.<br />

In short, the money system is what creates the structural conflict<br />

experienced by so many CEOs between stockholders' interests, their<br />

own personal ethics, and their concerns for their grandchildren's<br />

future. My contribution to addressing this dilemma is to propose a<br />

money system that will harness corporate power and direct it<br />

towards the goal of long-term sustain8bility (Chapter 8: The Global<br />

Reference Currency Making Capitalism Sustainable).<br />

Even though it may seem that the Corporate Millennium is looming<br />

betbre us, this scenario is only one of the ways in which the power<br />

shift away from the nation-states could manifest itself. The next<br />

scenario - Careful Communities - reveals another very different set of<br />

dynamics.<br />

Careful communities<br />

The other night I woke up from a strange dream.

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