The real power and purpose of the rCredits system is in getting together as a community to decide what our funding priorities should be —for sustainable agriculture and energy systems, for local self-reliance, for ensuring that everyone has healthy food, a home, health care, cultural enrichment, and satisfying work — then issuing rCredits to fund our decisions.
This power to fund our community decisions is essential to a Common Good Economy.
What will we decide? How will we solve the problems that confront us? Will we make wise decisions and act responsibly? Will the money we issue be justified by the material wealth it helps us create? Will we have faith in ourselves and trust each other enough to collaborate effectively?
These questions will be answered only with time. The power of rCredits puts the future in our hands. Let's give it our best shot.
The rCredits system has certain built-in rules and a specific covenant members make with each other (the rCredits Agreement). These rules and agreements are the bare minimum needed for the system to function and to keep communities from stepping on each other's toes. As much as possible is left to each community to customize and decide.
No central authority rules the rCredits system. That would undermine community-centered sovereignty. But financial misbehavior by an rCredits community could hurt other participating communities. So each community must take responsibility for oversight of its neighbors. No one can tell you how to make decisions in your community as long as your decision process is just — that is, as long as every member of the community has a roughly equal opportunity to participate effectively in setting the community's agenda and making its decisions.
So no specific decision system is required. However, Common Good Finance has developed a powerful combination of democratic practices — Common Good Democracy™ — and recommends communities adopt this hybrid system as a starting point step by step, before customizing their local decision system.
Economic democracy is crucial to economic justice and sustainability. In Common Good Democracy every voice counts. At the same time, it is designed to work well even in large diverse groups.