A potlatch is a gift-giving feast and an economic system where status in such a community comes from how much one contributes, not how much one owns. A potlach model is the primary economic system for Indigenous peoples of Canada and the United States. The word comes from the Chinook Jargon, meaning "to give away" or "a gift"; to make a ceremonial gift in a potlatch. [1]
Reflections
"Peer-to-peer networks bear a striking resemblance to the gift economies of ancient times, as well as to the characteristics of a demurrage-based economy. **As in a potlatch society, status in such a community comes from how much one contributes, not how much one owns. **Resources are shared generally, not hoarded, and the exchange of goods occurs on a gift basis." ~ @Charles Eisenstein, @The Ascent of Humanity, @Work and Art United
Tags
- #ascent_of_humanity
- #cooperative_currency