According to Eich, democratising the monetary system does not only involve repoliticising the dogma of independence attached to many major central banks, but it rather calls for questioning the privatised money creation process itself. In this webinar, Stefan Eich discusses the urgency of an open debate on the ultimate purpose of money as a political tool for the realisation of democratic self-governance, under the impact of intensifying and increasingly correlated crises (climate and biodiversity crisis, coronavirus crisis, Ukraine crisis, etc.). His research focus comprises political theory and the history of political thought, especially the political theory of money. Stefan Eich is assistant professor for Political Theory at the Department for Government at Georgetown University in Washington DC. The discussion centers on the historic role of monetary systems as political institutions and on the possibility of democratising monetary systems. Stefan Eich's presentation of his argument starts at minute 7:53. The discussion centers on the "The Currency of Politics" by Stefan Eich and is hosted by the journal European Law Open. This is the second part of the seminar, "A Hard Currency of Politics?".
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