tgl and Co-Lab: enabling 'Well-Being' as the New Market

Submitted by Peter Forrest on July 21, 2016 - 5:04am

tgl and Co-Lab: enabling 'Well-Being' as the New Market
 

Overview
There is a global opportunity to reappraise the nature, potential and application of human, and all other, resources. Quite simply, the 'recycling' of creative, collaborative opportunities can initiate and support a new market in Well-Being. In effect, our common values and aspirations can be employed as drivers to initiate and sustain the balanced growth of human potential. In tandem, the reduction of stress and debt will become the fuel to generate sustainable growth in the new market.
 

Scope
As members of the tgl platform, people and corporate bodies can generate L-ocal currency simply by choosing personal and mutual well-being as their motivation and goal. The approach engenders a recognition of and commitment to 'real education' in the sense of self-enquiry and self-nurture, founded on balanced values. While, the quest for well-being secures personal motivation as the engine to sustain and evolve the new market

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For sure, a model able to reduce debt, stress and unhealthy living in inverse proportion to the growth of well-being is a worthy investment for us all. Indeed, growth in the new market will evolve with the well-being of the members. Further, by tracking supply-and-demand chains, we can aggregate purchasing power and integrate L-ocal currency to strengthen support, while reducing costs and risk.

 
The tgl 'barter market' is inclusive and facilitates trade and exchange using combinations of goods, services, skills, time, knowledge, traditional money and L-ocal currency. While the Co-Lab model is intended to enable social networking to mature as social-cultural-economic networks; lead by tglHub Cooperatives, formed with expert local guidance. This new market structure can introduce diverse new opportunities for investment, secured by collective goodwill and debt-free barter.

Operational Perspectives
There are a number of core issues to take account of in any assessment of the operations:

  • tgl'ing can be identified in most activities and classified as 'enhanced volunteering' simply because exchanges of skills, time and knowledge are inevitable
  • thus, doing whatever was going to be done anyway can generate L-ocal currency
  •  the only addition is that the participants are tgl members using its 'toolset' in support
  • the ability to reward choices for inclusion holds the key to well-being and stress reduction
  • the roots of positive peer pressure can develop within any activity, project or aspiration

Potential

  • a workforce prepared to accept 30% wages in L-ocal currency protects its own jobs; while securing the value, acceptability and usefulness of debt-free liquidity and barter
  • the currency supports local enterprise and collective well-being; while it becomes common sense to recycle it in support of the new social-cultural-economic networks
  • public 'costs' - social, cultural and economic – can reduce in inverse proportion to the rise of well-being, with inherent collective gains
  • spending L-ocal currency into circulation in public projects reduces borrowing and the damage from social exclusion; while injecting hope, enabling skills exchange andintroducing 'enhanced volunteering' as a new way of responsible living
  • L-ocal currency can be generated as match-funding to traditional investment; while serving to reduce gearing and increase liquidity; all founded on exchanges of skill, time and knowledge
  • in the process, tangible, effective CSR is enabled and PSR – personal social responsibility– introduced
  • main contractors in Justice and Health sectors, now contracted to 'payment-by-results', can access diverse new ways to reduce costs while achieving targets
  • the concept of 'social impact bonds' can be augmented to support multiple 'purses' of public and private funding as they are applied to generate L-ocal currency and well-being
  • related savings can be re-invested to support and enhance the effectiveness of the model
  • people of all ages, including prison inmates can 'learn-and-earn' to support themselves and their families