LETS by Sidonie Seron, Conclusion Conclusion Contents page - next Before starting the actual conclusion, I will summarise my analyse of LETS and expose the problems faced by LETSgo Manchester and the actions taken to address them. Local Exchange Trading Systems rest on an original combination of ethical concerns, new ideas and practical considerations which has the major advantage of increasing economic activity in a sustainable way. The basic principle of complementing money within communities is simple and perfectly adequate to local needs, thus giving way to a lot of trading that would not occur in a conventional economy.
Individuals can engage in economic activities and training even when they lack money.
Moreover, the stress put on a community spirit hinders anonymity. These two aspects have tremendous effects on both psychological and material well-being. On their side, businesses can instantly ease their cash flow by going into commitment. They also benefit from a positive image and build up a special relationship with other members of the scheme, both customers and suppliers. LETS eases the setting up of new businesses and can help those facing closure.