Since 1971, when its convertibility into any precious metal was suspended, the US dollar has been a de facto fiat currency. Meaning, in this case, that its value is only maintained by government regulation. But what if money was based on something else? Like time. Well guess what? That project has been ongoing since at least…

De Emmi Bevensee. Artículo original: Social-Anarchism and Parallel Economic Computation de 22 de junio 2020. Traducido en español por Kathiana Thomas. Nota: He tratado de minimizar la teoría matemática y computacional para hacer esto más legible en general, pero donde se pone más complicado sólo escribí (párrafo matemático) antes del párrafo, pudiendo entender la pieza…

Note: I’ve tried to minimize the math and computation theory to make this more generally readable but where it gets more complex I just wrote (math paragraph) before the paragraph and you can read or skip it and still understand the piece. I’ll open with a potentially contentious take. Most of the decentralized and left-leaning…

Di Fritz-Anton Fritzson. Originale pubblicato il 31 ottobre 2019 con il titolo The Cryptocurrency Revolution is Already Underway. Traduzione di Enrico Sanna. Secondo Black Cat, il denaro astatuale comporta un “paradosso”: “potrà essere usato quando lo stato non sarà più lì a bloccarne l’uso, ma non finché lo stato è presente.” E però, come lui…

According to Black Cat, money without the state involves a “core paradox” – “it [non-state money] will inevitably be used without the state being there to stop its usage, but it cannot be used while the state is present.” However, as the author also acknowledges, “as people free themselves from the state, moving beyond its…

Di Black Cat. Originale pubblicato il 7 ottobre 2019 con il titolo Money Without the State. Traduzione di Enrico Sanna. David Graeber, in Debt, attacca quello che definisce “il mito del baratto”, l’idea che il denaro sia un’invenzione collettiva, uno standard universalmente riconosciuto per evitare i problemi del baratto. E ha perfettamente ragione: è un…

Graeber, in his Debt, attacks what he refers to as ‘the myth of barter’ — the idea that money is a communal invention and agreed-upon standard to avoid the problem of having to barter. He’s entirely correct — such a myth is false. However, some of his overzealous fans are incorrect — he at no…

Let me begin by saying that I’m glad this book exists. Phillips and Rozworski are upfront about their book not containing any radical new insights into questions of economic planning, but instead they compile arguments made by others in a highly readable format, something that those on the left who argue for economic planning have…

Zine form can be found here! Markets are not my end goal. My end goal is anarchism which will always look like something just beyond the horizon of my knowledge. Markets unleash the creative complexity that make the dynamic testing of a wide range of liberatory strategies more meaningfully possible. This very same complexity makes…

To attribute to money a concept of bestowing freedom upon an individual owner may well exist as a theoretical possibility. Yet ownership is itself a contested concept. As is freedom. By bestowing freedom on the owner, it effectively prompts the dominance of certain types of power to come to the fore of monetary and economic…

Introduction The capitalist economy has gone through another shock, and the potential for another, larger one is on the horizon. While it’s seemingly in its death throes, capitalism continues to fuel growth. Under such a system we have seen a vast improvement in general living standards across the globe, despite rigged markets and the omnipresent…