The end of debt. The beginning of infinity.

This would promote the conversation that our ability to exchange with one another and engage in solution-making activity should not be determined by whether or not those exchanges are abstractly and privately profitable, but instead whether they are mutually desirable, needful, and collectively beneficial — generators of collective abundance.

If nations create the mass of currency for the enaction of communal projects, then credit creation becomes an expression of the will of the people to pursue communally beneficial goals. The challenge: if the political infrastructure for determining what gets funded isn't sufficiently democratic, communities are subject to the purposes of policy makers who may not have the public's or planet's interests at heart, and cannot know unique aspects of communities and ecosystems at ground level. Crowdsourcing the crafting of solutions through several rounds of refinement can ensure communal participation suited to local contexts.

Such a system would ensure the purposes for which we work are self- and communally-determined. If the activity of people from the bottom-up creates the mass of currency, then we ensure agency in the production of what a community wants or needs.

There are challenges associated with this piece.

1. The value of any currency depends on both what it can buy, and the control of the infrastructure necessary to produce what it can buy. That means that we need in a stepwise fashion to begin reclaiming infrastructures and environments as various Commons administered respectively by communities at local, regional, and Global scales. As those reclamations of Commons happen and come online in-network, as various kinds of rents are diminished for people in-network, and as buyable products come online in our network MarketPlace the utility of our Credit increases, while its buying power remains theoretically stable.
2. If nations don't accommodate, or acquiesce to, such a currency-generating structure, then We, The People, from the bottom-up will have to engage in various activities to ensure our collective will is heeded. Instances of that happening are a foregone conclusion. We cannot know beforehand what these will be or from which quarters they come. We will deal with them as they arise in the transparent light of our own solution-making and Creditable networks.
3. Subjecting our currency (Credit) to the speculative games of finance and FOMO will cause volatility in its buying power unless the selling of that currency burns its in-network value. The latter is what we envision and are ultimately coding, since solutions to such problems already exist in the programming world.
4. Basing the pricing of in-network products on the price of our Credit as pegged to a single National currency would cause its basis of trust by holders and spenders in-network to be partially as volatile as whatever National currency peg we chose. We therefore envision a free floating externally valued price based on the consolidated and floating exchange rates of a basket of existing National Currencies. That makes our currency less volatile and more trustable from an out-of-network perspective, while its buying power remains stable in network, and its in-network utility continues to increase.

Integration with other strategies below shows the potential power of this piece.

Crowdsource populating communal and personal ledgers on The Visible Hand through gamification with a record of all global production, capital, and resources. Picture an app — both your access to and collectively The Visible Hand itself: where you create a private account, confirm identity (in non-coercive and non-invasive ways), sign declarations, and receive Credit for going on quests around your community to gather info about its shape, stuff, and work.

It'd be like Pokémon Go but for the purpose of excellent human and planetary futures — beginning to populate The Visible Hand with quests on the Quest Board, ledgers, and shared ownership of real Commons.

That would allow us to know what we’ve all got and what shape it's in, and what we need and want to do in our communities in terms of reclaiming what should actually be defined as Commons. We would begin taking ownership of our surroundings, in the lovely sense of that term. Enacting its reality further refers to other pieces of the puzzle.

Lifted from Yanis Varoufakis, who took it from the syndicalist movement. Change corporate law so every employee is defined as a voting partner in the firm. They receive one non-transferable share that constitutes their voting identity. Shares would no longer be sellable. This single change would reclaim an enormous portion of our Commons in one fell swoop, but it wouldn't reclaim housing or ecosystems.

From David Korten's The New Economy: A Living Earth System Model: as proposed by Tim McDonald and John Fullerton, pension funds, endowments of foundations, and other public-interest endowment funds — responsible for trillions of dollars of financial assets — have the means to buy large corporations, hold them accountable to the public good, and gradually convert them to cooperative forms.

This implementation could circumvent an initial need to change corporate law while providing examples of the results of such a change. In concert with The Visible Hand running Creditist economics, we could onboard those corporations to fast-track their transformations and our Common Planet with one rather satisfying "whack!"

A change of law making it illegal for businesses to own housing — done carefully and with a means of exit — would establish within the Human Project that houses aren't for profits, they're for people to live in. Prices would fall to more natural levels.

For an exit strategy, this piece can be combined with national or decentralized credit creation (pieces 1 and 2) allowing businesses to cash out residential holdings, or with the power of endowments and foundations (piece 5) transforming real-estate businesses into co-ops that can simply distribute housing to their members and others under Creditist principles.

Towns, cities, and counties could reclaim aspects of their local commons by purchasing local assets — land and productive capital — with tax revenues generated from differential taxation of non-local consumers (tourism, vacation houses, non-local businesses).

If local councils catch wind of Creditist principles as a pathway to vibrant local economies, they could preferentially subsidize collective local ownership and production over private non-resident wealth extraction.

The lobbying of local councils for that reclamation strategy can be posted as a Creditable action on The Quest Board within The Visible Hand.

Any notion of a Common Planet will need to conceptualize and encode returning ownership of the biosphere back to itself — and to all of life — while instantiating human beings as responsible stewards of that sphere. We resolve to move out of the Anthropocene and into The Ayucene (others have called that 'The Ecozoic').

The Ledger of Life would exist on The Visible Hand as a distinct ledger unto itself — consisting of descriptions of every existing water way and body, species, habitat, ecosystem, and biome. Their ecosystemics, weather, climate, and geosystemics. Their states of health and degradation by every conceivable quality measure. What needs to and can be done to improve their biodiversity, regeneration, and antifragility (further populating the quest board), and communally agreed expert assessments of what can be sustainably extracted, at what rates, and with what regenerative measures of 'intraction.'

It would not and we believe must not put a price on nature or any part of it. Instead it tells us what is taken, how it should be done, and what we need to spend in terms of labor activity in order to be responsible stewards of it. It tells us that we belong to Earth, each other, and The Tree Of Life, and begins to rewild us as a species of peculiar talent as we lean into the primeval wisdom's of the natural world and the full scope of Human Being.

From Álvaro J. De Regil Castilla: Transitioning to “Geocratia” —the People and Planet and Not the Market Paradigm — First Steps – The Jus Semper Global Alliance, May 2020.

“Organization and planning of National Economic Boycott = Labour + Students + Consumption.

How do we materialise the Eco-Social Contract? The [citizen cells] force the new Eco-Social Contract by unleashing the power of the market. It starts by organising permanent consumer boycotts that target specific products and services and companies that exhibit the lowest regard for truly social and environmental sustainability. Once people are well versed in the organisation and execution of consumer boycotts and the national assemblies have agreed that the indispensable tipping point of a critical mass of citizens has been reached, a national boycott is organised to demand the organisation of a Constitutional National Assembly of the citizenry to write a new constitution for a new Eco-Social Contract between people and the planet. This involves a labour, student and consumer strike. People do not go out to demonstrate in the streets. This cancels any possibility of the government unleashing any kind of repression. People stay at home, do not go to work, to school and to stores, until the government agrees to celebrate the Constitutional Assembly. National strikes must be organised to last as long as necessary to force national governments to agree to a Constitutional Assembly. Roughly every week of a calendar is equivalent to 1.92% of a country’s GDP and one month equivalent to 8.3%. If the movement strike has a critical mass of 25% of the population and lasts one month, it would be equivalent to 2.1% of GDP, which would constitute an enormous pressure on the system.”

This fits nicely together with other pieces of the puzzle. In his paper Mr. Castilla discusses prior and ongoing efforts to localize resources and basic supply chains which would create some community resiliency for enacting the civil disobedience he describes. We conceive our network, The Visible Hand, as functioning that way as well.

In the early stages of adoption some local businesses, along with our Credits, can begin to come on line in-network under Creditist economics. We can self-organize as citizen cells through The Visible Hand, and post assemblies on The Quest Board leading up to the grand quests of the National and Global boycotts, and the Constitutional Assemblies. That way we can have coffee and sandwiches as we act ‘en mass to reclaim and evolve ourselves and our Common Planet.

There are also challenges associated with this piece:

1. Any thing which becomes a legal framework under the power of governments can be modified by those governments.
2. Economics and the mechanics of a currency function at a more fundamental layer than governance does.
3. If we are petitioning governments through strikes and constitutional assemblies to acquiesce to our demands for an Ecosocial Contract, and those governments accept it, then we are coding that “contract” at the changeable legal layer in a top-down fashion, thereby giving the power of administration to those top-down entities rather than to ourselves in a bottom up fashion, as would be the case if we coded regenerative activities as incentivized participatory actions at the economic and currency layers.

This is not to say that overarching legal frameworks cannot contribute to more beautiful futures for humanity and life, but that those legalities must be grounded in an economic and currency structure that presupposes them as potential but somewhat unnecessary icing on the cake of our already coded and incentivized pursuits. Otherwise, Humanity is subject again to the whims of a top-down apparatus having only coded a paltry and changeable binding of powers.

Countless numbers of groups and individuals are working to reclaim our communities, credit, commons, and purposes. What works? Would the potency of your efforts increase combined with others' strategies and tactics on a common game-board?