The Civic Bank: The Geo-Mutual Bank as Revolutionary Instrument, Political Mobilizer, and Provider of Welfare and Security

By William Schnack

The Evolution of Consent

In this essay, we will take a deeper look at the characteristics of the geo-mutual bank. More specifically, we will discuss the ability of the bank to mobilize populations, establish itself as sovereign, and to ensure people’s safety and well-being. In order to do this, I will be utilizing elements from many perspectives, including geo-mutualism, Modern Monetary Theory, anarcho-syndicalism, and agorism. I will introduce these ideas in short, so personal research into each may be good for the reader. To begin, I will introduce the geo-mutual bank, and describe its functions. I will then proceed to give some background on approaches to change, describing the tactics of agorism and syndicalism in terms of Murray Bookchin’s: lifestyle anarchism and social anarchism. I will proceed to suggest mutual credit as a necessary, neutral, and complimentary component of each, a means of tying the two schools together, and giving both power. Using classical mutualism and Modern Monetary Theory (MMT), I will suggest the manner by which mutual credit may mobilize, secure, and defend a revolutionary society.

What is the Geo-Mutual Bank?

The geo-mutual bank is the central organization of a geo-mutual panarchist confederation. The geo-mutual bank performs the function of civil registry, court of common law, mutual credit-clearing house, and community land trust. It registers members to voluntarily-chosen subsidiary units (nations, “governments,” syndicates, etc.), issues them interest-free credit, adjusts for seigniorage as time passes, allocates possession of land according to commonly-managed leasehold agreements, and resolves disputes between members.


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