Can a complementary currency help end poverty? A Q&A with John Boik on Shareable

What role do complementary currencies play in alleviating poverty, creating income equality, and building sustainable communities? According to John Boik, a vital one. Founder of the Principled Societies Projectand author of the book Economic Direct Democracy: A Framework to End Poverty and Maximize Well-Being, Boik designed a multi-faceted framework for local democratic systems of which a complementary currency is a key element. A computer simulation model that describes the book’s proposed local-national currency system saw median and mean take-home family income more than double, income inequality nearly eliminated, and the unemployment rate drop to 1 percent over the 28-year simulation period. Shareable connected with Boik to learn more about his framework, the role that the complementary currency plays in it, and what needs to happen for real-world application of the model.