"A visionary and immensely practical approach to reforming today's
bubble finance and taming its global casino. Verhagen ...]
illuminates the win-win solutions possible when we combine monetary
transformation with low-carbon, renewable resource strategies and
equitable approaches to sustainable development." -Hazel Henderson,
President of Ethical Markets Media, author and creator of The Green
Transition Scoreboard As climate change continues to threaten the
earth and as the global financial crisis lingers, governments and
communities need to take charge of their own and global monetary
systems. Sustainability sociologist Frans Verhagen proposes a
solution-the Tierra Solution-to repair the present global monetary,
financial, and economic systems that enrich the few, impoverish the
many, and imperil the planet. Verhagen calls for transformational
changes in order to advance climate-resilient economic development.
The Tierra Solution proposes: -A credit-based financial system
governed by a Global Central Bank, -A banking system without the
privilege of money creation, and most importantly, -A carbon
standard for the international monetary system with the Tierra as
the unit of account. The Tierra Solution is an in-depth and
thought-provoking read that shows an innovative path for global
citizens who want to combat climate change, the economic crisis and
poverty, and for public officials, economists, international
development experts, and climate scientists who want to be part of
an integrated solution to the dual challenges of climate change and
financial crises. "Whether you agree or disagree, The Tierra
Solution challenges us with an innovative proposal. No tinkering
here. Verhagen is out to lay a new foundation for environmental and
climate justice, with an overhaul of the international monetary
system that builds the cost of environmental degradation into
economic calculations." -Rev. Arthur Simon, President Emeritus and
founder of Bread for the World "This plan for a carbon-based
international monetary standard that addresses both climate change
and global economic inequities is bold, visionary, and truly
transformative. It is a must-read for everyone who cares about the
fate of the earth." -Sheila D. Collins, Professor of Political
Science Emerita, William Paterson University FRANS C. VERHAGEN is a
sustainability sociologist with a Ph.D. in the sociology of
international development from Columbia University. He founded the
Queens Green Party, the Riverside Church Ecology Task Force, and
the Ecolinguistics Commission. He has worked around the world and
online teaching environmental policies and sustainability.
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