INDEPENDENT NEWS

New Economics Party to have Unconference in Otaki

Published: Mon 18 May 2015 09:49 AM
New Economics Party to have Unconference in Otaki
About 20-25 people will be gathering in Otaki over Queens Birthday weekend for an “unconference” on designing a thriving post fossil fuel economy.
Spokesperson Deirdre Kent said the group has been meeting online for three years and wants to design an economy that obeys the laws of Nature. She said one of their floated ideas was to have the Community Board or an elected Community Land Trust acquire a growing parcel of land and to share the rents as a Citizens Dividend. “Sharing the rents from the exclusive use of the commons is a fundamental policy for equity. Inequality between the landless and the others can only be addressed this way,” she said.
The group is also keen on publicly created money, issued without debt or interest. “What we would like to see is a currency spent into existence by Community Boards to buy land and for that currency to be accepted by Council for rates and fees. Eventually we believe that Government would accept it for taxes when they want to share the revenue.
There will be a Skype link on Friday night with London economics Professor Steve Keen on the current risks to the global economy, and another to Melbourne on Saturday with Karl Fitzgerald who has studied the possible rental income from the monopoly use of the commons in Australia, enough to replace deadweight taxes. Paekakariki feminist economist Prue Hyman will speak on the need for a Basic Income on Saturday.
“Manufacturing and jobs and affordable housing will come naturally when we address fundamental invisible structures like currency design and the tax and welfare systems”, she said.
Ms Kent said they expected to have a very stimulating weekend using open space discussion.
ENDS

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