ABSTRACT

The centralized monetary system operates both nationally and internationally and maintains a monopoly over the money supply. Money, in the centralized monetary system, is said to be politicized for two reasons. One, the central bank is the bank of the state and provides funding for all the state's endeavors, including military endeavors. And, two, a "revolving door" exists between government and finance to ensure that this system remains intact. Not only does the centralized monetary system consolidate wealth in hierarchies of power, it also directly opposes the creation of a sustainable worldview. The future success of the sustainability movement depends on its ability to address the problem of the monopolized, politicized, and centralized monetary system. Mutual credit systems are sustainable and engender sustainable and equitable economic development. The sustainability movement must come together and design an effective and realistic strategy for the creation of an ethical and sustainable monetary system.