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Practically, David, the proposal means that a community would have to find its own funds in order to invest these in the local productive economy.
And administer the funds - and assets it purchases and builds up from this invested money - without making a debt or borrowing from financial institutions.
If ever it came to fruition, until that day all preparatory work will have to be voluntary. What I have on a sheet of paper is a declaration of intent, a general outline, but others too would have to take it forward.
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