Ekhilur - a functional degrowth economy in Spain
So, I just came across the real, working model of a functional #degrowth economy, using negative interest rates as a key driver.
This is really happening in Spain!
And could be replicated anywhere.
Super interesting.
#ekhilur
https://medium.com/postgrowth/negative-interest-economy-a-monetary-paradigm-for-a-post-growth-system-628e0fcf34f1Open linkView original on sh.itjust.works
3 replies
Based on the text I would not consider it a functional degrowth economy. What they have so far is the payment system, and some promising emerging use for it. But a great initiative and a great read anyway.
I think I meant more that it was implemented and actually had throughput, as opposed to being theoretical, though of course not a complete closed economy.
FAQ in spanish