PUTTING THEORY TO WORK
Ideas are just ideas until someone puts them into practice. (See our current and prospective programs for Puerto Rico here.)
Our decade long research program has been focused on what can be done, in a practical manner, to make the lives of citizens everywhere more prosperous, healthy and happy. And although we came up with a number of ways to pursue that broad goal, we found ourselves still butting our heads against the brick wall of the current monetary system, and how that system created constraints on what we and others could do.
That is, until we tackled the monetary system itself. And as futurist Buckminster Fuller was known to say “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”
When we looked into the reality of money and how it is injected into society, we discovered that past societies were much better off under a different monetary system.
Close examination of those systems gave us the key to unlock the new model Buckminster Fuller would have advocated. We formulated a plan to leverage alternative monetary systems into a new financial paradigm that could be implemented by the people just about anywhere, without support (or interference) by the current power players.
We then went back and examined our previous research and determined that tools we had developed for the current financial paradigm could be used to even greater benefit under our new proposed paradigm.
We were able to craft a comprehensive system for rapidly bootstrapping local economies everywhere based on this new financial paradigm.
The primary building blocks for implementing that system are described in the Vehicles section.
Our task now is to undertake a proof-of-concept project for our system. We concluded that the island of Puerto Rico represented a unique opportunity to radically improve people’s lives on the island while refining our system in a real world implementation.
WHY PUERTO RICO?
Boosting Grassroots Efforts
Hurricane Maria greatly exacerbated the desperate economic reality for the vast majority of Puerto Ricans. Struggling under austerity measures related to the island’s $73 billion debt and subsequent 2017 bankruptcy filing, they have watched as the U.S. federal government and their own government have been painfully slow in repairing and restoring basic infrastructure. This reinforces claims that (wittingly or unwittingly) such a slow response is enabling the “disaster capitalism” written about by Naomi Klein in her book The Shock Doctrine and most recently in her article The Battle for Paradise.
In that article she documents how the rich and powerful are trying to take over the energy, food and land along with other resources. And although the island has rich and extensive farmlands, most of it is dedicated to large agribusinesses growing mono-crops. Around 80%-90% of the food needed by islanders has to be imported, along with 100% of gas and oil. Only 2% of Puerto Rico’s electricity comes from renewables.
In addition, the hurricane damaged or destroyed many of the island’s schools. And in spite of resources ready, willing and able to fix those schools and get the students back in, and teachers ready, willing and able to teach, privatization forces are pushing for turning many of them into charter schools. And now cryptocurrency advocates from around the world have converged on Puerto Rico with the vision of making the island the epicenter of this multitrillion-dollar market.
But even though elites may want to turn Puerto Rico into a playground for newly minted cryptocurrency millionaires and billionaires, the people of the island can turn this concept towards their benefit as well.
That is where National Commonwealth Group’s program can come in. By first understanding the concepts about money described here, then following the guidelines of the system we lay out in this document and this one, Puerto Ricans can bootstrap their failing economy. This short presentation explains how momentous change can happen quickly using our mechanism.
We are assembling a team of contributors, on the island and around the world, interested in helping the people of Puerto Rico to help themselves. If you have an interest in getting involved, or can recommend someone who can contribute to this effort, please see the Get Involved page.
The SERV Program
Puerto Rico’s New Resiliency Commission has pointed out the importance of non-profit organizations and the contributions they make immediately after a disaster and throughout the longer recovery and rebuilding period. And FEMA notes the critical role of volunteers in disaster relief and recovery and emphasizes preparation, stating “While newly recruited volunteers may not complete training in time to assist with current response efforts, they will be prepared to help with the next disaster event.”
Ideally non-profit agencies should have a roster of trained volunteers that not only serve in normal times, but are especially ready to respond when disaster strikes.
Our program builds on successful programs on the U.S. mainland that incentivize college students to volunteer in their communities as part of their coursework. Our SERV (Students for Economic Renewal through Volunteering) program uses a complementary currency to encourage the roughly 160,000 college students throughout Puerto Rico to volunteer at non-profit organizations.
The program will be implemented under the direction of Dr. Fadhel Kaboub, associate professor of economics at Denison University. Dr. Kaboub runs the DVD (Denison Volunteer Dollars) program, a service learning (SL) program that has generated thousands of volunteer hours for community non-profits. Dr. Kaboub will design a series of workshops to educate key faculty and staff at colleges and universities in Puerto Rico about the SERV program and the underlying SL structure that justifies its inclusion in their curricula.
Experts from Denison, and from other institutions with deep academic and practical knowledge of similar programs, will conduct the workshops. A number of top-ranked students from Denison will also have the opportunity to travel to Puerto Rico to share their experiences of the program with their peers and discuss applications that might be unique to Puerto Rico.
Comprehensive Entrepreneur Development Program
Puerto Rico’s New Resiliency Commission also highlighted the importance of micro and small businesses, calling for the establishment of new small businesses and job creation as critical for the health of the economy.
NCG has partnered with 3 Day Startup (3DS) to implement its Comprehensive Entrepreneur Development Program in Puerto Rico. Students are a highly entrepreneurial group, and our program supports them with in-person workshops and online incubators that help prospective student entrepreneurs evaluate and launch startup businesses.
The 3DS part of our project leverages entrepreneurship to rebuild Puerto Rico and further an entrepreneurship ecosystem that advances the island, creates opportunities for its residents, enhances capital readiness, and builds capacity for a resilient and entrepreneurial citizenry.
3 Day Startup (3DS) is an international 501(c)3 nonprofit organization that builds entrepreneurial capabilities in entrepreneurs through accelerated, immersive learning programs. Over the past 10 years, 3DS programs have developed entrepreneurial capabilities in more than 13,000 young leaders worldwide, which has resulted in hundreds of companies raising over $160 million in capital, gaining acceptance to prestigious incubator and accelerator programs, and creating jobs in their regions.3DS operates in six continents through partnerships with 180 schools in 30 countries. The organization has extensive experience in the United States, Latin America, and the Caribbean. 3DS has also successfully executed projects with government agencies on federal (Department of State, Department of Commerce), county and municipal levels.
WHAT OTHER PROGRAMS COULD BE SUPPORTED BY THE UNO?
Our project in Puerto Rico is designed to function as a pilot that can be replicated in other communities worldwide.
To measure outcomes against rigorous academic standards, and to develop core best practices, we have teamed with the Centre for Enterprise and Economic Development Research (CEEDR) at Middlesex University in London to study the project implementation.
NCG’s Executive Director Michael Sauvante, an Honorary Research Fellow with CEEDR, will lead this formal research program.