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The Ecumenics Party

"biblical solutions to social problems"

Positive Markets

  • Each person who donates goods or services or cash is given a corresponding number of preferred shares equal in value to the value of the donation in units of the national currency. One preferred share being equal to one unit of the national currency.
  • A core need is identified. Donations are made consistent with servicing that need. This is called the capitalization phase.
  • An executive is appointed to administrate the market. He or she appoints members to handle the set up and operation of the market. All goods and services are paid for in preferred share units unless other arrangements are made.
  • All costs are paid for as much as possible using preferred share units. (Prefers).
  • Payments are made in prefers on a 1 to 1 ratio with the national currency. Thus, if something would normally cost $10.00 it is valued at 10 prefers or 10 preferred shares.
  • In setting up an Exchange look to where the most value can be added, that is where the need is greatest. Perhaps the community has a large surplus of tools and equipment and a need for tools and equipment that is not being met. This serves as the basis of a tool rental facility or a used tools and equipment store or, set up a workshop that can be leased or rented by members.
  • If there is a need for an art gallery to display the work of a group of artists an art gallery could be set up.
  • If the price of beef is a problem a Beef Exchange could be formed with members providing the money to purchase a side of beef and then selling this to members in a silent or Dutch Auction.
  • Members could set up a babysitting business with some members providing the service for other members and the users of the service contracting to provide housekeeping or other services to benefit the babysitters. The point is to create jobs not simply to create work.
  • Plumbers and other trades people could create an Exchange which served as a central office from which jobs could be assigned and paperwork maintained. Each member would be paid in prefers fully or partially and these spent in the community with participating retailers.
  • What is set up is less important than the community identifying a need and supplying that need with what the community already has.
  • As much as is possible the need for cash is reduced. If a food store could be encouraged to accept prefers and local farmers are willing to sell produce to this store for prefers then an economy based on prefers could easily be set up. As other local stores and service providers joined the market the need for national units of currency would decline.
  • Members always seek to replace businesses that need dollars with businesses that will take prefers.
  • Products and services that can only be purchased with units of the national currency are systematically replaced with products and services that are obtained using prefers.
  • All volunteers are paid in prefers. The more prefers in circulation the larger the Exchange economy.
  • Even the volunteers as a hospital could over time be paid a prefers wage.
  • Housekeepers could be given an income using prefers.
  • Students could be paid in prefers for getting good grades, and passing their exams, this would eliminate the need to pay extraordinary premiums to those who need to stay in school for long periods to get a higher education.
  • It is a principle of the Exchange economy that all work that adds value to the Exchange economy ought to be paid for.