The advantages of LETSystems

LETSystems offer benefits to all sectors of a community without exception. Currently, our societies are characterised by increasing division. This is due, in part, to our use of a monetary system that ultimately serves those with money rather than serving people in general and in particular. LETSystems value the contribution made by individuals to a community and acknowledge that contribution.

Initially, people usually have some difficulty on seeing how the use of a LETSystem may benefit them personally, but once the imagination is fired up, and one starts thinking through how LETSystems and the use of local money within one's own personal and community circumstances, then the real possibilities become visible.

We can only scratch the surface here of how the use of LETSystems can offer substantial advantages to each sector of communities. Those advantages are not a 'competitive edge' gained at someone else's disadvantage. They are brought about by intelligent co-operation and collaboration, creating mutual benefits.

To paraphrase Rousseau:

"No problem can withstand the onslaught of sustained thinking."

For individuals:

  • more self-employment opportunities,
  • more opportunities to use all their skills,
  • opportunities to develop new skills through training,
  • greater flexibility with personal finances.

For communities:

  • enhanced community spirit and co-operation,
  • a stronger voice in the planning and implementation of community initiatives,
  • creating better housing together,
  • building better community facilities and personal health care,
  • improving local environments resulting in less crime and vandalism.

For businesses:

  • lower operational costs,
  • easier cash flows,
  • higher employee motivation and lowered absenteeism,
  • lower security costs,
  • enhanced local competitiveness,
  • the development of closer links with local communities.

For non-commercial organisations:

  • availability of local money from local businesses as investment,
  • reduced cash dependency,
  • increased cash funds for expenditure on volunteers and beneficiaries.

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Version #002 27-7-96