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So far, computerised exchange systems such as LETS have tended to be small local schemes driven by communitarian, welfarist and eco socialist ideologies.
The largest British LETS scheme, which is in Manchester, however, has made an effort to extend the purchasing power of individuals rather than to promote any idea of local community.
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It doesn't make sense, in a large conurbation, to pretend that a small exchange network constitutes a community in any localised sense.
This scheme also insists on integrating its transactions fully into the normal economy, with participants paying income and sales taxes, as if they were conducting a normal business. Paris in the Occupation and Michel Foucault's truth telling and avowal – A note from the Editor Poems from the timberland torrance chelsea boot black archive 'Nostalgia' '.
the other is an atomised interaction predicated on the strong presence of society.
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Both are different means of securing the same ends, the circulation of commodities between communities.
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First of all, rulers opened up diplomatic exchanges between communities which might later offer an umbrella for their followers to indulge in commerce.
The above reference towards kings and queens is neither wholly right or wrong.
And I have to say, even some members of my own nearest and dearest clearly wish I wouldn't bang on about the subject.
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But the rise of digital money is inexorable.
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It is worth finding out about Keynes's life as the context for all this.
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But this perhaps explains why most LETS schemes so far are rather small and not particularly durable.
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At times officials have taken the hard line that all LETS transactions constitute normal income, to be deducted from eligibility for benefits nike air max 2011 cheap free shipping and added to income tax liabilities.
They have insisted that all transactions should incur indirect taxes such as those levied on sales in the normal economy.
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Which then are we to suppose came first, heads or tails, states or markets.
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The postwar economic boom led to an explosion in the turnover generated by personal checking accounts in the USA.
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