Two decades ago, Nanango faced financial ruin. Now, residents of the small Queensland town have taken matters into their own hands, banding together to save the town and its economy and enriching the lives of thousands in the process.
Chris Cook proposes institutions as mutual risk, cost, surplus, asset & data sharing agreements between people not institutions as public=state/municipality or private virtual legal persons (corporates) & instruments as assignable relationships/credits, not exchangeable virtual objects. He thinks we may introduce 21st C distributed Treasury, Mint & Exchequer; “stock” credit instrument & network associations/clubs. Mutual/reciprocal ‘club’ agreements are complementary transcending jurisdiction & independent of law. eg P&I Clubs https://nondominium.co.uk/2021/01/11/protocols-promises-power-_20_11_20/…