LETS is a system to provide an improved trading for communities. Part or all of the value of a product or service is given as a local exchange. How could this improve on anything when we have so much to spend our money on?
I think the trick to that is in the 'local' of Local Exchange Trading System (or interestingly 'Employment' as Bill Mollison called it). Keeping the value of things within a locality means it stays within that locality and is not transferred out into the coffers of major banks.
You may still need cash and it is not the most fluid of systems but all is set to change with new technology enabling a paperless, effortless system.
It's not new but progress has been slow to organise and arrange and for every two or three new comers, lets call them 'Consumers', to the system there are usually 4 or 5 'producers' or people with skills to offer. But by encouraging all to create in some fashion it can be possible to even the trade out over time, much like ebay people find things to sell or recycle.
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