Dyndy, no money economy

Dyndy

The capital economy is going to cyclically collapse on itself: this now is a fact. The latest (disastrous) decade has spawned a variety of initiatives to create alternative systems for the exchange of “values”, that are not necessarily monetary in nature. These economic systems are varied: they sometimes propose an exchange based on non-monetary resources (such as Time Banking, which allows you to trade your time spent doing something specific for other people); or they can be created by special networks, usually half-closed, in which the sharing of credit transactions and facilitation of internal trade accelerate the local development or the specific market sector, like a real complementary economy. Dyndy , a project by Jaromil and Marco Sachy, is a platform for exchange and dialogue on these issues. Firstly, it is a website built to inform and empower the communities potentially affected. It could also become a focal point for the development of theoretical proposals and practical solutions for the application of these new economies. The project was launched in November at the Institute De Balie in Amsterdam, during the conference “Economies of the Commons 2″. On this occasion, the two artists presented a model called C3 (Commercial Credit Circuits) and its possible application in the context of the current precarious financial situations of cultural institutions, at the mercy of public funds that arrive in often slow and problematic ways. Recently, the C3 model was applied in Uruguay (apparently with good results), on a circuit of small and medium enterprises. In the case of cultural institutions, the proposed plan is to use special “insured” invoices (called “Culti”) as a form of internal payment, possible in a pre-established network of participating institutions. Often having liquidity in “late”, the cultural institutions could use “Culti” as a form of alternative payment. At the moment it is too soon to verify its efficacy, but the Dyndy project promises a real alternative to the logic of state funding and could even find applications in institutions.

Chiara Ciociola