All four functional components

Be really whole, And all things will come to you. 
- Lao Tzu

banking4humanity comprises four interrelated components,
  • whose overall goal is the accomplishment of sustainable human development on a global scale,
  • which addresses 21st century challenges,
  • through a renewed understanding of the spiritual dimension in the practice of banking and finance.
The table below illustrates the specialisation of tasks within each of the 4 functional components.
It is not meant to represent a sequential process, but an integrated systemic whole.

Since many individuals will be contributing to more than one functional component, and some will be contributing to all of them, there will be plenty of reciprocal interplay and communication across all the functional components and their specialised tasks. The specialisation of cooperating individuals who perform specific tasks and roles, maximizes the effectiveness of each one for mutual benefit of everyone. In reality, everyone contains within themselves all 4 components, and even if their contribution is limited to just one functional component, their contribution is nevertheless informed by the outputs of all the other components. However, component 1 can be seen as an initiating component for the other 3 components, because, without starting from a change of paradigm, the output of the other three components will be deficient.
   The background used in the above image is from a painting
The aims of each interrelated component are as follows:
   Cultural domain       Economic domain       Governance domain   
 Component 1
System-level perspective: META
Meaning of Life
needs hierarchy: Spiritual
Motto: INTENTION, insight, foresight, culture-education, freewill,
Divine Law, TRUST
GOAL: Trusting the
spiritual imperative that
the ultimate Capital is our innate human ability

TASK: To develop a renewed existential understanding and vision of what is: capital, money, economy, banking and finance, which will give everyone the freedom to accomplish their highest human potential, both materially and spiritually.

CONTEXT: As a theoretical basis, it is proposed to use the paradigm-shifting research into the digitalisation of the payment system, by the late Professor Mostafa Moini, which reveals that money is not a commoditised thing, but a species of credit, i.e. a social relation involving rights and obligations, whose allocation and transfer is recorded and managed in the double-entry accounting function of a payment system. And that any physical or digital device for recording and conveying such information about monetary rights and obligations is not money, but merely a monetary instrument.

Therefore the usual paradigm of a “medium of exchange” with "intrinsic value", which can be “deposited” or “loaned” has been made effectively redundant by technological progress.  What remains valid as a basis for systemically stable banking and finance, is pure abstract information about rights and obligations within an economic community, which are accounted for in terms of an agreed unit of account.

This renewed perspective reveals that the ultimate Capital is innate human ability, which re-establishes the spiritual dimension of money, and liberates people and nations from stultifying dependency on externalised power relations, which are embedded in the paradigm of money limited to being a material thing, under the control of an elite few.

When you change the way you look at things the things you look at change
- Max Planck
 Component 2
System-level perspectiveMACRO
Rules of the Game
needs hierarchy: Actualisation
Motto: rights & obligations, transparency, egality

GOAL: Liberating the
credit commons,
so that the regulatory
institutional framework,
for actualising the communal power
of innate individual human ability,
serves the common good.

TASK: To analyse the present state of the banking and financial system, in order to identify evolutionary opportunities and partners, for realising the new vision developed within Paradigm21.

CONTEXT: The systemically disruptive consequences of the digitalisation of payment systems not only means the redundancy of the traditional banking business model --based on the privatisation and renting out of monetary credit as a commodity, charged at compound interest-- but it also opens up an evolutionary opportunity for ethical banking and financial institutions to establish a new business model --based on the paradigm that money is the allocation and accounting of economic rights and obligations-- which means a paradigm that is intrinsically aligned with true human values, and which systemically rewards economic practice that is ecologically sound.

This paradigm shift also makes it transparently clear that monetary credit can only arise in the context of an economic community of producer-consumers, and therefore monetary credit belongs to the community as a whole, and not to any institution charged (on behalf of the community) with the allocation and clearing of the monetised credit belonging to the community.

Such a paradigm-shift can help banking professionals to penetrate through layers of theoretical obfuscation, and clearly perceive the fundamental systemic flaws in the present institutional arrangements and practice of banking, which are at the root of human generated social and ecological crisis, including: the illegitimate privatisation of the credit commons, credit forgery, externalisation of costs, denial of human rights, and negation of the democratic process.

The envisaged paradigm-shift will involve a reconciliation between the global and local levels of the economy, through a revision of monetary system arrangements to facilitate international trade, as well as through the localisation of credit allocation to finance new production. Such revision needs to be informed by the analytical framework and institutional proposals developed in the latest book by the French-Swiss economist, Michel Laloux.

Banking professionals will then be able to re-establish the noble and essential purpose of their profession: the actualisation and realisation of the spiritual and material potential of all human beings, in accordance with the Will of their Creator.

Finding good partners is the key to success in anything.
- Robert Kiyosaki
 Component 3
System-level perspectiveMESO
Engagement as community
needs hierarchy: Social-Physiological
Motto: fraternity, cooperation commonwealth, stewardship

GOAL: Regenerating the
systemic process of
interdependent economic well-being

TASK: To establish legally structured Experiential Economic Zones in opportune territories throughout the world, where the guiding vision conceived in Paradigm21,  and the institutional framework developed in Banking21, can be piloted to demonstrate humane and sustainable new approaches to human development.

CONTEXT: The strategy of designating "special economic zones" as empirical laboratories for breakthrough economic development is well established. A recent example being in China, to produce a hybrid capitalist system adapted to the established political context of the nation state.

In response to the global systemic crisis, the same approach is now being proposed by various people around the world, including as an excellent example, the recent book of Dr John Boik, of the Principled Societies Project.

It is envisaged that there will be cooperative inter-trading, as well as a pooling of know-how and experience between these “lifeboat laboratories”, so that each one will contribute to the replication of successful  results on a global scale.

In the same way that the circulation of blood to maintain the health of the body needs both arteries and capillaries, there is also a need to reconcile economic flows between the global and local levels. It would be a mortal bodily dysfunction if the arterial system extracted net blood flows and nutrients from the capillaries, or if an organ separated itself from the circulatory system. Likewise, net extraction of wealth from local economies by global economic institutions, as well as counter efforts in the form of economic autarky at the local level, are equally pathological.

Reconciliation between the global and local levels of the economy needs include new institutional banking arrangements developed at Banking21, regarding revision of the international monetary system and the imperative of localised credit allocation for new production.

A pilot experiential economic zone centered in the Alpujarra valley, Spain, is already being considered, which could complement a community orientated project being planned by the local Subud Group. It is envisaged that members from the 4 component R&D Groups would become an online Faculty for the provision of expertise to the project implementation team on the ground. - See: Alpujarra21.

Inspiration exists, but it has to find you working.
- Pablo Picasso
Component 4 
System-level perspectiveMICRO
Engagement as individuals
needs hierarchy: Existential
Motto: participation, democracy, consent, commitment,
GOAL: Working together for the
improvement and steerage
of all 4 components through
adaptive co-management

TASK: To continuously optimise all 4 components of banking4humanity, through the experiential development of a results-based adaptive co-management approach for reiterative improvement and accountability in the implementation of all components; based on a subsidiarity of decentralised personal responsibility and empowerment, through clear and measurable agreements.

CONTEXT: This democratic-cooperative approach of individualised empowerment will be based on the idea that people work with more enthusiasm, creativity and effectiveness, if they:
  • clearly know what is expected of them.
  • are involved in establishing such expectations.
  • are allowed themselves to determine how they are going to meet these expectations.
  • obtain feedback about their performance. 
This process of continuous direct democracy will be centered in and empower Civil Society. It will harness collective intelligence innovations, and community enterprise approaches that have been developed by civil society movements, including Transition Towns.

In this way Civil Society will transform the present bipolar social order --predicated upon a mutually corruptive interplay between the economy and government--, into a healthy tripolar social order; in which the cultural domain emerges as an equal third force, capable of reconfiguring power relations relative to, and between, the domains of governance and economy. It is through the Cultural domain that the humane aspirations of Civil Society, in their widest sense, can be optimally realised (including in the fields of: education, the arts, science and technology, as well as through commercial and social enterprise).

This will bring about conditions for a renaissance of human civilization. Cultural empowerment arising from the awakened human Soul, will give everyone the freedom to accomplish their highest human potential, both materially and spiritually, through contributing to the common good.

If you tell people where to go, but not how to get there, you'll be amazed at the results.
- George S. Patton