For amateurs and dilettantes who do not rely on their art for a living, moving to the commons has plenty of upside and little downside. For creative professionals, however, particularly those burdened by economic hardship, the risks associated with transitioning to a non-proprietary business model can feel (rightly or wrongly) prohibitive. Often times, the typical free culture advocate’s response to this concern is to either dismiss it, to reemphasize the moral case for freedom, or to point to others’ success stories as proof that “it can be done.”

We believe these responses are insufficient and miss the deeper point: no matter how feasible commons-based production may appear to those who are familiar with it, for those suffering from the paralyzing effects of systemic money scarcity – unemployment, poverty, overwhelming consumer debt – the free culture response is incomplete at best, and callous at worst.

Our proposal for addressing this issue is to combine the free culture movement’s view of the bitstream economy with the Modern Money view of the monetary economy.

Free Culture? Free Finance by The Modern Money Network (Columbia Chapter)

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