Showing posts with label Branded economy. Show all posts
Showing posts with label Branded economy. Show all posts

Tuesday, August 6, 2013

From government controlled currency to branded economy.

If loyalty is essentially a currency to the brand, then maybe it’s time to rethink if money is absolutely the only currency for consumers to purchase products.



There is a restaurant which you could eat at even if you don't money.  You could pay by helping out in the restaurant - cleaning, washing, serving - where the currency that matters is your time.

Our ancestors might have gotten it right long time ago, bartering could be a viable option before money was centralized by federal governments.  And if the accumulation of money and domination of wealth by 1% of the world population is creating a lopsided economy and tonnes of other social problems, then wouldn't it make sense for the other 99% to start consider creating their own micro-economy, especially in countries which are hard hit by poverty?  So what is so bad about exchanging some cabbage for a free ride to work?  Or like Nike - some sweat for new kicks?  Or cleaning for rice?

I call this innovative economy - where brands are as big as some governments, this idea is really not so far-fetched after all.