Family Bank
Global network of family banks
The traditional bank only allows customers to give money, never to take, for good reasons. However, such an imbalanced system implies and breeds mistrust. To improve this system, we reimagine the bank at its smallest, and arrive at the idea of a family bank. Like a real bank, a balance is kept for each family member. Those who save earn interests while those who borrow lose them. Profits, if any, accumulate in a special family fund. Like a real bank, this encourages the savers to help the borrowers, and the borrowers to pay back the savers, invisibly through the interest incentive/disincentive, respectively.
Unlike a real bank, however, family customers can give and take money from each other, instantly and anonymously, if so desired. Because anyone can do this, stealing is pointless. In cases of disputes, a family manager is given special powers. In effect, the need to ask disappears. This may seem trivial, but the impact on culture is dramatic and profound. Such a system implies and breeds trust, which is necessary and vital if we wish to live in a peaceful and loving planet. Thus, we imagine a world of family banks, where children grow up to trust in each other more than in money.
