In this interview, Jordan MacLeod talks about the Zombie Monetary Apocalypse. A Zombie can move but has no life. It feeds on the living. Jordan tells us why our monetary system has become this and what we have to do. We have to reinvent money again - we have done this many times before - so that it reflects what we need our economy to be.
A Zombie Bank is a bank that has to be propped up by government. It does not support a real economy but plays with money. The price of supporting Zombie Banks is to suck the life out of people and the world.
The core of the problem is the current design of money itself. It cannot die. It is eternal. When 75% of the economy was social, this was not a major problem. But now we all pay cash for every service. Not a single thing is free or can be found in the social economy. You don't have an extended family, so you pay for daycare. You don't know how to build anything so you buy everything. You don't grow food, you buy it all. 100 years ago, we did not need a lot of money. But today, money drives you and all that we do.
So, money is no longer only a means for exchange for a few services. It has become an end in itself. Because it has no expiry date or life cycle, it violates the principles of life. It is a zombie!
This is why we are destroying our society and our world. It is a design problem.
But Jordan is not a pessimist. Because money is now digitized, the pioneers of the digital world have the knowledge and the power to design a new system. People are working on this now. Soon money will be created by an open and wide system rather than by a few banks. Soon money will reflect who we are and what we really need. We think it is only a matter of time. More on this here