Economic secession
Encyclopedia
Economic secession has been variously defined by sources. In its broadest sense, it is abstention from the state’s economic system – for instance by replacing the use of government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...

 money with barter
Barter
Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is usually bilateral, but may be multilateral, and usually exists parallel to monetary systems in most developed countries, though to a...

, Local Exchange Trading Systems
Local Exchange Trading Systems
Local exchange trading systems , also known as LETSystems, are locally initiated, democratically organised, not-for-profit community enterprises that provide a community information service and record transactions of members exchanging goods and services by using the currency of locally created...

, or commodity money
Commodity money
Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money....

 (such as gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

).

Variations

Wendell Berry may have coined the term "economic secession." He promoted his own version in his 1991 essay Conservation and Local Economy:
John T. Kennedy used the term to refer to all human action that is forbidden by the State. Samuel Edward Konkin III
Samuel Edward Konkin III
Samuel Edward Konkin III was the author of the New Libertarian Manifesto and a proponent of the political philosophy which he called agorism. Agorism is a leftward evolution of anarcho-capitalism, and subset of market anarchism...

 used the term "counter-economics
Counter-economics
Counter-economics is a term originally used by Samuel Edward Konkin III and J. Neil Schulman, libertarian activists and theorists. Konkin defined it as "the study and/or practice of all peaceful human action which is forbidden by the State." The term is short for "counter-establishment economics"...

" to refer the same concept.

See also

  • Agorism
    Agorism
    Agorism is a political philosophy founded by Samuel Edward Konkin III and developed with contributions by J. Neil Schulman that holds as its ultimate goal bringing about a society in which all "relations between people are voluntary exchanges – a free market." The term comes from the Greek...

  • Alternative currency
    Alternative currency
    Alternative currency is a term that refers to any currency used as an alternative to the dominant national or multinational currency systems...

  • Anarcho-capitalism
    Anarcho-capitalism
    Anarcho-capitalism is a libertarian and individualist anarchist political philosophy that advocates the elimination of the state in favour of individual sovereignty in a free market...

  • Anonymous Internet banking
    Anonymous internet banking
    Anonymous Internet banking is the proposed use of strong financial cryptography to make electronic bank secrecy possible. The bank issues currency in the form of electronic tokens that can be converted on presentation to the bank to some other currency...

  • Bitcoin
    Bitcoin
    Bitcoin is a decentralized, peer-to-peer network over which users make transactions that are tracked and verified through this network. The word Bitcoin also refers to the digital currency implemented as the currency medium for user transactions over this network...

  • Complementary currency
    Complementary currency
    Complementary currency is a currency meant to be used as a complement to another currency, typically a national currency. Complementary currency is sometimes referred to as complementary community currency or as community currency...

  • Digital gold currency
    Digital gold currency
    Digital gold currency is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time that these were exchangeable for gold on demand. The typical unit of account for such currency is the gold gram or the troy ounce,...

  • eCache
    ECache
    eCache is an anonymous bank operating through interfaces in the Tor network. The bank issues cryptographic certificates, digital bearer certificates, that can be exchanged among the bank's users. The certificates can be bought and sold for real money through the bank. The owners and operators of...

  • Local currency
    Local currency
    In economics, a local currency, in its common usage, is a currency not backed by a national government , and intended to trade only in a small area. As a tool of fiscal localism, local moneys can raise awareness of the state of the local economy, especially among those who may be unfamiliar or...

  • Pecunix
    Pecunix
    Pecunix is a digital gold currency founded in 2002 by Simon Davis. Similar to competing systems such as e-gold, Pecunix allows for the instant transfer of gold between user accounts....

  • Ripple monetary system
    Ripple monetary system
    Ripple is an open-source software project for developing and implementing a protocol for an open decentralized payment network. In its developed form , the Ripple network would be a peer-to-peer distributed social network service with a monetary honour system based on trust that already exists...

  • Tax avoidance and tax evasion
    Tax avoidance and tax evasion
    Tax noncompliance describes a range of activities that are unfavorable to a state's tax system. These include tax avoidance, which refers to reducing taxes by legal means, and tax evasion which refers to the criminal non-payment of tax liabilities....

  • Tax resistance
    Tax resistance
    Tax resistance is the refusal to pay tax because of opposition to the government that is imposing the tax or to government policy.Tax resistance is a form of civil disobedience and direct action...

  • Underground economy
    Underground economy
    A black market or underground economy is a market in goods or services which operates outside the formal one supported by established state power. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and...

  • Ven (currency)
    Ven (currency)
    Ven is a global virtual currency used by members of a social network service Hub Culture to buy, share and trade knowledge, goods and services globally. It can be spent at any Hub Culture Pavilion or used for micropayments on the Internet at large. The value of Ven is determined on the financial...


External links

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