Interview with Fran Ilich about Spacebank, microfunding and alternative currencies

“Ilich is investigating creative practices in virtual community investment banking. Globalized capitalist markets use finance as a means to extract surplus and value from localized world production – relying on networks of power to do so. But finance can also be reversed engineered so that it becomes the seed for new forms of cooperation, collaboration and socialization, drawing on and building networks through virtual communities. Used creatively, finance can actually further the prosperity and efficacy of minority reports, marginal narratives, alternate commodity markets, social currencies, hacktivism and other activist practices, as well as strengthen the hope of sustainability in creative digital labor and internet production practices.“ (text via eyebeam)

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