A lot of well educated people don't find a job, because there is no investor or employer.
Also people cannot buy their daily things, because there is no liquid money in the market.
So, this is a vicious circle:
No Money -> no jobs -> no investments -> no money -> ...
People worldwide suffer from this misery.
What they need to do is to break out of this circle, but where to start?
One of the worst things is to wait for others to help. But the question stays:
"How can we break out?"
Grassrootseconomics may be a solution. This organisation creates it's own currency and distributes it to its participant. Now everyone within the community can pay and buy goods. No investor is needed and so the ownership of the emerging incentives stays in the community -> wealth is growing.
All you need is a smartphone - you even don't need an internet connection thanks to the bancor-protocoll
Here is how it works.
I'm going to read more about this opportunity to make a better world in the next days and maybe give you some more informations, or you read it for yourself:
https://www.grassrootseconomics.org
Regards, Achim
In communities like slums with relatively high levels of illiteracy i doubt it'll be easy convincing people to take on these grassroot economics & currencies. But here's a question;
Can these community currencies be used to purchase other things outside the community e.g pay for a child's tuition fees?
You are right, one need a minimum level of education to take part of these grassroot projects. A mobile phone is helpful, even when one have no internet connection.
But these communities can work together. Each community can have its own currency. They can trade their coins. Even better, the bancor protocol can do it for them via smart contracts. So when you have I.e. a banana coin, you can pay with it and get either coffee coins or, even better, coffee, from the coffee community.
right