Parallel economies have historically flourished around their currencies, yet their foundational principles and benefits have often been overlooked by economists. Given their potential to drive significant changes, it is valuable to derive insights from examples of these alternative economic systems.
to reduce inequalities... and contain global warming
In continuation, could an innovative parallel economy integrate into modern society? As the middle class is complaining about inequalities and resists the costly measures against global warming, could a parallel economy support the underprivileged, reduce the cost of decarbonization, and gain widespread acceptance? Specifically, could the Green-Market System discussed in the last chapter be effective?
Vincent Lannoye was born in the US and grew up in Belgium in an industrial family, which sparked his curiosity to analyze and critique economics. An engineer with an MBA from Edhec France, today he works in high-tech in Silicon Valley. His past, his passion for economy, the lack of accessible works about the economic implications of the fight against global warming, and his monetary ideas, all have inspired him to write about economics.