Campaign for Interest-Free Money - PAPERS

List of Papers

The Campaign for Co-operative Socialism
>> For equality and ecology, peace, justice and co-operation >>
** A Fair, Safe and Peaceful world **

We are suggesting that the time has come to help create the Global Co-operative Commonweal: a Global Commonweal of Local Commonweals. A world, in other words, based upon the Values and Principles of The International Co-operative Alliance (see attached). Centrally, we also suggest that The Co-operative Commonweal requires that we convert all workplaces into appropriate co-operative enterprises, so that every person, and every organisation, has respectful stewardship of land and knowledge resources, and that true equality is, sustainably, created.

To do so, it is clear that we have to transform the economic system in which we live, so that

o All people, co-operatively and together, are in control of their lives,
o Where all work is for the long-lived benefit of all: caring for the long-lived benefit of the whole global ecology - and all its inhabitants.

This requires changes to the central features of present-day economics:

o The ownership of workplaces and knowledge used for profit,
o The ownership of land and natural resources, and their use for profit,
o The practices of money-lending and debt- and credit-creation for profit,
o Inequality and insecurity of individual incomes,
o The created culture of rampant crime, fear, debt, and insecurity.

Accordingly, we work for each community to be in full, open, co-operative control of its economic resources, ensuring that they are used for the benefit of the whole of humanity, and for the benefit of the whole global ecology, so that:

o Everyone has the security of a fair, guaranteed income,
o And that proper stewardship of the planet is our central task


>>This suggests the following Seven Point Action Plan >>
Co-operative Socialism - A Seven Point Action Plan

1) ‘Co-operation not Coercion’
Convert competitive, market-based businesses into workplace co-operatives, and remodel monopoly activities as stakeholder co-operatives: each one having responsible stewardship of land and knowledge resources, with each co-op demonstrably working according to the Seven Co-operative Principles of The International Co-operative Alliance (see attached). See points 2) and 5), below, for the funding mechanism for this;

2) ‘Predistribution not Redistribution’
Distribute the created wealth from these workplace co-ops through nationally collected, co-operative corporate taxation, distributed into local, democratically-controlled, Community Banks and, so, make money and credit available for responsible wealth creation and community development,

3) ‘Global stewardship for needs not private resources for profits’
Maximise public service provision (health, life-long education, libraries, transport and so on) on a co-operative, free-at-the-point-of-use basis, thus only retaining money as a mechanism for access to discretionary purchases,

4) ‘Fair, guaranteed incomes for all’
Introduce guaranteed fair income for all, within upper and lower limits, and with elements of automatic Citizens’ Income, and, so, do away with the need for direct and indirect personal taxation,

5) ‘Banking as public service - not as global warfare’
Abolish money-lending and credit-creation for profit: operate banking as a community co-operative public service (see point two above),

6) ‘End global exploitation through financial speculation’
Reintroduce international exchange controls, a Tobin Tax, etc, as necessary,

7) ‘All our sisters are our brothers: and all our brothers are our sisters’
Make capital grants (not loans) to developing countries.We hope this action plan gives us, all, a good, evolving basis: >> for a practical, moral, sustainable, and co-operative economics.

Please share and discuss this plan with family and friends
(and let us know people’s reaction?). Thanks!

The Campaign for Co-operative Socialism

(September 2003)