I like "napsterization", though. It really captures your point. Only trouble is that Napster is so 'yesterday' that I think most people have already forgotten the reference. paul spencer
But we do need a good word that says the same.... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
The current "Equity" in a Corporation is as inequitable as it gets.
But if we can have "private equity", I reckon we might turn the tables on them by introducing "Public Equity", "Community equity" and so on (in Community LLC's, of course).
and then as well as "Energize America" we should "Equitize America" . But maybe the word is too far gone... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Migeru - I hope that we will have substantial time to talk in Paris - May 3, yes? (I will follow up the meet-up diary with a plan diary this weekend.) I am hopeful that we are going to start to set up some kind of deal that will include a career of this type for you. So - I trust that you're not teasing - excessively - in your comment above. paul spencer
We formed NET Partnership LLP for the purpose and it currently consists of:
(a) Nordic Enterprise Trust ("NET") - Scottish charity, and a Company Limited by Guarantee - which is the "Custodian" of both the relevant "Intellectual Property", and "Purpose" of the LLP (signatory solveig);
(b) solveig herself, as the other initial "founder" member and (currently) sole "Operating member".
I worked with NET to develop both the above LLP and the "Capital Partnership" and "Guarantee Society" concepts.
We received a little backing from Innovation Norway (ie the Norwegian government), but for the most part have funded this ourselves.
We are involved in one major (300 property) demonstration affordable property scheme in Scotland.
But building new developments is only part of the model: there is equal potential in refinancing existing assets.
I have for many years seen the refinancing of debt with a new form of "non-toxic" Equity as being a key component of a new and fairer financial system and have written about it extensively on this site, explaining it under forensic questioning, particularly from Migeru!
NET is already in the process of discussing a joint venture with financiers (a major property fund) and "ethical developers" in respect of just this.
Both solveig and I believe that detailed development work should be carried out outside the glare of the ET spotlight.
We are of course happy to work with the right people to develop these concepts provided of course that we agree:
(a) a common purpose;
(b) who does what, and for what.
I believe that many of the "right" people are to be found at ET. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
