Case Study

In one compelling case study, I delve into the story of my local shops in North Curl Curl, Sydney. Here, we endeavoured to purchase these establishments as a collective group of neighbours. Our aim was to empower the community to shape the future of the shops, creating truly functional finance where we get to choose which shops service our neighbourhood, ensuring transparency in rent charges and fostering inclusive financial ownership.

Imagine Local People owning Local Assets. This means that we can be paid in utility and not just finances. Imagine a $4 coffee from your community owned local coffee shop and a $1 financial distribution or a $3 coffee.  

This also means the benefits and costs of the financial arrangement are co-located and leads to a natural governor on doing bad stuff. Imagine if we each had to bury our daily rubbish in our backyard, we would be amazing recyclers.

By limiting owners to collectively own their local assets you limit how much wealth any one person can accumulate, a natural governor on growth leading to distributive justice