I'm excited about the energy in this direction. As someone involved in the #postgrowth movement, I'm very eager to see an evolution to a financial system that does not require endless growth on a finite planet.

However, I feel many exploring regenerative finance misdiagnose something crucial.

In the article, the following is shared: "First, Seeds (the currency of SEEDS) are created without debt and interest attached to them. This means that SEEDS, as a financial system, does not require endless growth on a finite planet to maintain itself (to prevent widespread bankruptcies, poverty and depressions) since all fiat money is created with debt and interest attached to it (requiring this endless growth!)."

However, debt and interest are not the fundamental reason that our current, mainstream economic system require economic growth. It's the for-profit (capitalist) nature of our system, in which money naturally accumulates, that makes debt and interest problematic.

On the contrary, if not-for-profit entities (e.g., consumer coops, industrial foundations, nonprofit enterprises and government enterprises) were the central model of business in our global economy, debt and interest would shift to become helpful aspects to ensure equilibrium.

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Works with @postgrowth. Passionate about people, purpose-driven business & planet. Focused on the circulation of money & socio-economic justice. He/his.

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Donnie Maclurcan

Works with @postgrowth. Passionate about people, purpose-driven business & planet. Focused on the circulation of money & socio-economic justice. He/his.