A report from the club of Rome EU Chapter to Finance Watch and the World Business Academy
Bernard Lietaer
Christian Arnsperger Sally Goerner Stefan Brunnhuber
So the money system is bad for social and environmental sustainability. But this
Report also proves – perhaps more surprisingly – that the money system is bad for
the money system itself. Unless we fundamentally restructure it, we cannot achieve
monetary stability. Indeed, this Report also demonstrates that monetary stability
itself is possible if, and only if, we apply systemic biomimicry – that is to say, if
we complement the prevailing monetary monopoly with what we call a ‘monetary
ecosystem’.
Finally, the good news is that the information and communication revolution
which we are living today is already pushing us in precisely the right direction.
This Report has three objectives :
- • To provide evidence that the fi nancial and monetary instabilities plaguing Europe and the rest of the world have a structural cause that has been largely overlooked. Addressing this structural cause is a necessary (but not a suffi cient) condition for dealing with today’s challenges.
- • To place the monetary problem, and solutions to it, in the context of two
global issues : climate change and population ageing. Indeed it makes
clear that, in order to avoid the worst scenarios of climate change, massive
investment is needed now : investment that will require governmental
leadership and funding. Concurrently, the retirement of baby boomers reduces
government revenues while adding pressure to already severely strained social
programmes. Both issues will reach their peak during this decade, and neither
is compatible with austerity measures. Continuing to follow the current
monetary paradigm will render governments powerless to address these social
and environmental challenges. - • To propose pragmatic solutions that can be implemented cost-effectively
by citizens, non-profi ts, businesses or governments : solutions which would
resolve at a structural level several critical sustainability issues currently
facing many countries.
The Club of Rome EU Chapter
The Club of Rome EU Chapter (CoR-EU), located in Brussels, aims to build bridges between the institutions of the European Union, their constituencies and the international Club of Rome, which has been a leading think-tank at world level for more than 40 years. The CoR-EU is acting as a catalyst of reflection on sustainable development in Europe. Its strategic aims for the next few years focus on the issues of money and governance. This includes initiating and facilitating cutting-edge research on ground-breaking concepts in these domains.