Abstract: The current financial crises involve economic growth and its monetary institutions from many points of view, requiring widespread institutional changes. This paper will mainly focus on the structural problems that arise when financing Public Economies and Care Activities (PE&CA) in the tertiary age, of post growth or Actual de-growth. For many reasons PE&CA cannot systematically grow in productivity as required by the growth logic. This creates difficulties for capitalist economic growth, and also for a balanced development of PE&CA, and it calls for new sources of funding and new monetary institutions, more appropriate for sustainable socio-economic development, especially for PE&CA. I will consider two main proposals: a) a shift in tax burden from wages to ownership and use of environmental resources; b) the establishment of mutual credit systems without interest, based on social average value of time units and managed electronically by local communities governments.
Keywords: Financial crisis, public and care economies; local currencies
There is no paper for this media entry. This was a contribution to a scientific session at the 4th International Degrowth Conference in Leipzig in 2014, which doesn’t exist in written format or is not published under open access.