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Note: As of June, 2014, this book has been replaced by Economic Direct Democracy: A Framework to End Poverty and Maximize Well-Being.
In coming years, it will become increasingly important for urban economies to become stronger, greener, fairer, more resilient, and more diverse.
Many communities face difficult socioeconomic and environmental problems, such as debt, deficits, underemployment, decaying infrastructure, pollution, and inequities in income and wealth. Climate change is beginning to strain local economies and city and county budgets even further. At the same time, assistance from cash-strapped state and federal governments is becoming harder to obtain.
A local currency system could help.
Local currencies are springing up in cities around the world, including cities in the USA. The full potential will be reached when the local currency concept is expanded to become a comprehensive local monetary/financial system.
Creating Sustainable Societies: The Rebirth of Democracy and Local Economies describes a blueprint for a local monetary/financial system, called the Token Exchange System. It can help urban areas to:
Implementation of the token system does not require the passage of new laws and participation occurs on a volunteer basis. The system is operated by users, who form a membership-based community benefit corporation.
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The United States faces serious economic, environmental, and political challenges. Many Americans are angry and afraid for the future. In this bold and visionary book, John Boik makes the case that we are capable of creating a path that leads away from decline and toward revitalization. His proposal would empower citizens to take the lead, strengthen local economies, and transform business and politics into healthier, citizen-guided endeavors.
Dr. Boik proposes an approach to social transformation based on ideals of cooperation, justice, environmental responsibility, direct democracy,and transparency---all integrated into an online application that could revolutionize the way people conduct business, fund services, invest locally, and engage in government. It empowers citizens to decide their own futures and step forward on a path with heart. A citizen-centered future is coming, and this work will hasten its arrival.
John Boik is president of New Earth BioMed, a 501-c-3 nonprofit cancer research organization he founded in 2010 (newearthbioMed.org). Dr. Boik received a B.S. in civil engineering from the University of Colorado, Boulder, and a Ph.D. in biomedical sciences from the University of Texas, Health Sciences Center, Houston. He completed postdoctoral work at Stanford University, Department of Statistics. Creating Sustainable Societies: The Rebirth of Democracy and Local Economies is Dr. Boik's first book outside of the biomedical research field. In it, he applies systems thinking, an important perspective in biology, to our wider financial, economic, and governance systems.
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