{"id":135633,"date":"2023-07-13T17:58:04","date_gmt":"2023-07-14T00:58:04","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=135633"},"modified":"2023-07-13T17:58:22","modified_gmt":"2023-07-14T00:58:22","slug":"the-waterworks-of-money-part-1-2-english","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/07\/13\/the-waterworks-of-money-part-1-2-english\/","title":{"rendered":"The Waterworks of Money (Part 1\/2)"},"content":{"rendered":"

Carlijn Kingma<\/a><\/em><\/span><\/h2>\n\n\n

Although money plays a key role in our lives, the workings of our monetary system are a mystery to most of us. \u2018The Waterworks of Money\u2019 by cartographer Carlijn Kingma is an attempt to demystify the world of big finance. It visualizes the flow of money through our society, its hidden power made manifest. If you see money as water, our monetary system is the irrigation system that waters the economy. The better the flow, the more prosperous society will be. Just as water makes crops thrive, so money sets the economy in motion. Or at least that\u2019s the idea. In reality, inequality is growing in many countries and people are dealing with a \u2018cost of living crisis\u2019. Meanwhile, the progress with making our economies sustainable is stalling, and financial instability remains an ongoing threat. These problems cannot be seen in isolation from the architecture of our money system. If we truly want to tackle them, we will have to address the design flaws of our current money system. For more info check: https:\/\/www.waterworksofmoney.com<\/a> or https:\/\/www.carlijnkingma.com<\/a> For the Dutch version of the animation check: https:\/\/www.ftm.nl\/waterwerk<\/a> Current exhibitions: ‘The Future of Money’ at Kunstmuseum Den Haag, 14 April, 2023 – 8 September 2023. ‘Plumbing The System’ at the Dutch Pavilion of the Venice Biennale, 20 May 2023 – 26 November 2023 The second animation video of this series will be released in September 2023. The Waterworks of Money is a collaboration of cartographer Carlijn Kingma, investigative financial journalist Thomas Bollen, and professor New Finance Martijn van der Linden. Kingma spent 2300 drawing hours, based on in-depth research and interviews with more than 100 experts \u2013ranging from central bank governors and board members of pension funds and banks to politicians and monetary activists. The structure of our monetary system is not a natural phenomenon. We can choose to change its architecture. Designing the money system\u2013 and the laws and institutions that govern it\u2013is ultimately a democratic task, and not a commercial or technocratic one. In practice, however, there is a major obstacle impeding the democratic process: financial illiteracy. By making finance and money needlessly complex, economists, bankers and tax specialists have turned most of us into \u2018financial illiterates\u2019. Everyone who doesn\u2019t speak their financial jargon is excluded from the democratic debate on how our monetary system should work. The Waterworks of Money bypasses the financial jargon. It is an attempt to boost systemic financial literacy. Only if ordinary citizens develop their own vocabulary to participate in the debate about their financial future, can they tell their politicians which kind of \u2018financial irrigation system\u2019 they want. Authors: Carlijn Kingma, Thomas Bollen, Martijn Jeroen van der Linden Animation: Tiepes, Christian Schinkel, Cathleen van den Akker Narrator: Loveday Smith Translation: Erica Moore Voice recording: Huub Krom Music and sound: Rob Peters Photography: Studio OPPA<\/p>\n\n\n\n

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