How local currencies give value for money: Simon Woolf at TEDxBrixton



Simon Woolf shares how the pioneering Brixton Pound has helped to boost the local economy and restore a sense of community pride in the area.    About Simon Woolf Simon has worked in the IT industry since 1996, specialising in information architecture and web development. He became interested in complementary currencies via the Lewes Pound, and when two economists started a similar scheme in Brixton, he volunteered and since January 2012 has been Managing Director. Simon is also the Chief Technical Officer at QOIN. When not working with technology, he DJs and writes about wine. About TEDx In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations) Filmed by U Media Films Video edited by Ryan Smith

Comments

  1. For what I can understand, the brixton pound is a local money, but it is not a monetary system. Basically it is a community of people having the compromise to order their goods and services in the local market and not outside it. But it does not create brand new value as it does a real monetary system. Actually, this currency is not competing with the pound: it actually is the pound itself presented as something else due to the compromise to use the pounds in local businesses attached to it. Therefore, the Brixton pound is good for the local business owners but is actually not good for the local workers, because the use of the Brixton pound forces them to refuse cheaper products comming from outside Brixton and they get nothing in exchange for this sacrifice.
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Additional Information:

Visibility: 3919

Duration: 14m 48s

Rating: 46