°°°°°°° just us shall be ruling us - wir regieren uns besser selbst °°°°° die Schule der Stufendemokratie - the school of level-democracy °°°°°°°
A GOL-Bank is a combination of a barter-bank and a development fund.
What's the difference to a traditional barter-bank?
Usually a barter bank will only arrange bartering of commodities already produced, in exchange to existing goods, or to services on demand.
A GOL-Bank shall expand this activities to future production and trade. It shall plan, what commodities and services will be exchanged according to a bargain or contract. This way production and trade both become arranged, managed in advance, before they start. A locally planned economy of the contract partners will arise.
But a planned economy will probably fail?
If it was planned on a national scale, it most likely would fail, because a national economy is too complex. Even if it worked, it would become isolated and backward. But I think, on a local or regional scale a planned economy can help a lot, it can achieve a common subsistence, while coexisting with capitalism.
A locally planned economy can start on a small scale, where the partners know each other. Once, a barter-circle works, it can double itself each period, so the relations stay the same. The region can grow accordingly to knowledge and executive bodies.
If we watch multinationals, we find them already working controlled by plans and strategies. Only their purpose is a different one, namely an increase of profit. So most groups and combines have a rather martial, almost military structure. While they work for money, they already are doing without money, but figures instead, when mutually bargaining.
Still, their plans obviously work or get improved on time. So we can learn a lot from multis, how to manage production and trade. We just need to correct the purpose, to get more human undertakings and structures.
What's the use of such a planned economy?
The main advantage is, it can operate without money, since the contracts will replace money. It can start with the poor. Of course a regional currency might be used, or a mere calculation money either. The point is, to start this kind of barter-economy, no traditional credits are necessary, no debts, and no real money, if a barter-circle is closed. So economy need not wait on credit or money. It just has to rely on labour, divided accordingly to a plan, written in a contract.
The GOL-Bank is to close the barter-circle first, and has to guarantee the contract. It is much more a manager, development planner and lawyer, than an administrator of credits.