Its relative success is not judged by the happiness or health of the population but rather on its ability to perpetuate a cancerous growth rate and an unsustainable rate of resource consumption. Economics serves the political objectives of elite establishments. Resource depletion and long term sustainability in general, are ignored as external costs. A healthy sustainable local economy is best achieved by a local currency. L.E.T.S. A L.E.T. system is a non-profit, interest free, bartering system.
Individuals can buy services and pay taxes with the system.
Service exchanges such as the L.E.T.S. are really an interest and tax free money system. The economy grows in physical scale but the ecosystem does not. Our growing economy is a threat to the health and well being of our society and our long term survival. Money Aristotle first noted the dangers involved when an economy shifts its focus from use value of money to exchange value of money. In a sustainable economy, money is a tool to facilitate exchange.