Wednesday, September 03, 2003
0 comments"There are about 300 or 400 private currency systems in Japan to pay for any care for the elderly that isn’t covered by the national health insurance. They are called “fureai kippu” (caring relationship tickets). Here’s how they work: let’s say that on my street lives an elderly gentleman who is handicapped and cannot go shopping for himself. I do the shopping for him. I help him with food preparation. I help him with the ritual bath, which is very important in Japan. For this help, I get credits. I put those credits in a savings account, and when I’m sick, I can have other people provide such services for me. Or I can electronically send my credits to my mother, who lives on the other side of the country, and somebody takes care of her.
Here is an agreement within a community to use as medium of payment something other than national currencies, to solve a social problem."
Continue reading this interview with Bernard Lietaer, co-designer of the convergence mechanism to the single European currency (hello, Euro!).
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