Future for the 'Generation Corona

Gradido common currency creates new perspectives

Künzelsau, 03 September 2020 - Almost half a million university graduates and 400,000 trainees are entering the labour market this year in Germany alone. Due to the Corona crisis, however, many of them will not find a job there. More than 20,000 students have had to apply for a loan in recent months in order to be able to cover the expenses until their exams. Countless training positions are being cancelled without replacement, and most internships and jobs for working students have been postponed indefinitely. The 'Generation Corona' needs not only confidence but also perspectives. The innovative economic model 'Gradido' could provide both. Based on the principles of an 'Active Basic Income' and 'Unconditional Participation', it guarantees a basic security and also offers the opportunity to recognise and develop one's own potential.

The Corona measures not only deprive young people of the opportunity to celebrate with their peers or travel around the world. They also endanger numerous livelihoods and future models. Due to the cancellation of many apprenticeships, school graduates lack prospects for the future. The loss of countless part-time jobs robs students of their financial basis. The cancellation or suspension of internships, working student jobs and voluntary social work abroad also severely limits the opportunities to try out and orient oneself before choosing a career.

University graduates are confronted with the fact that 40 percent of jobs for young academics are currently already being cut. In the cultural sector and in science, the slump is even more dramatic. More than ever before, 20,000 students have applied for a student loan from the Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation) in recent weeks to be able to earn their living without having to take on part-time jobs. So they will already start their professional future with a mountain of debt. Not only the tourism industry, gastronomy and retail trade have suffered massive losses as a result of the lockdown. The economy is struggling - and many apprenticeships are falling by the wayside.

"In this crisis situation, our new economic and financial model is particularly forward-looking for young people," emphasises Bernd Hückstädt, one of the founders of the Gradido Academy for Economic Bionics. "We must offer young people who are so eager to learn and perform that they are pushing into working life an attractive basic security, which does not give them the feeling of being useless or even already failed, but - quite the contrary - ensures that they have the opportunity to develop and use their individual potential, talents and skills in the best possible way," explains the economic biologist, explaining one of the basic ideas of the 'Gradido' principle.

Active basic income instead of a student loan

According to the Gradido model, 1,000 Gradido (GDD) of the common currency are available to each person every month as a basic income. This sum is a basic amount, in addition to other sources of income. It could provide a stable financial basis for young people in training or studies. This 'Active Basic Income' differs significantly from the much discussed 'Unconditional Basic Income'. Those who take advantage of it, in return, contribute their talents and abilities to the community. A maximum of 50 hours per month are paid with 20 GDD each.

Unconditional participation' for testing and development

The 'Active Basic Income' thus ensures 'unconditional participation' in the life of society. In concrete terms, this means that everyone can use their inclinations and skills where it suits them best. Besides professional skills, practical, artistic and creative activities are welcome. Likewise, the assumption of social tasks to alleviate the dramatically growing nursing shortage, bottlenecks in child care and the isolation of the elderly. The basic idea of Unconditional Participation is that everyone can contribute with their own personal talents to strengthen the community. This helps to better recognize one's own potential and to find the best possible way into professional life or for a change of course. Quite explicitly it should also serve the development of new ideas, visions and skills. Hückstädt adds: "It is in the very own interest of the community to support each member individually and intensively. Unconditional participation thus lays the foundation for the greatest possible success of the entire human family in the face of the gigantic challenges of our time".

Putting an end to mountains of debt

In 20 years of research at the Gradido Academy for Economic Bionics, the solid and sustainable economic and financial system of the same name has been developed. It is based on the fundamental success models of nature. According to the academy's founder Hückstädt, one of the decisive advantages of the Gradido model compared to the prevailing economic and financial system is that "the money creation of our common good currency Gradido takes place without creating debts, because in nature there are no debts".

The 'cycle of life' provides stability

For every person in the world, a total of 3,000 'Gradido' (GDD) worth 3,000 euros is estimated each month. One third goes to each citizen as an 'active basic income', the second third is received by the state for its services to the community and the third part goes to a compensation and environmental fund to enable the remediation of the economic and ecological contaminated sites. All in all, more money would be available for state services and the health system than before - without debts and without taxes. Planned perishability keeps the money supply constant and prices stable. A sustainable model with a future.

Details of the 'Gradido model' in the free e-book at https://gradido.net/de/book/

About the Gradido Academy
The Gradido Academy for Economic Bionics has developed an alternative 'common good currency' based on the models of nature. Nature follows the rule that only where something passes away can something new emerge, and thus long-term improvement (evolution) is possible. Its recipe for success is the 'cycle of life'. If our economy were also to follow this natural cycle, then, according to the assessment of the Economic Biologists, practically all the world's monetary problems could be solved. The Gradido model is based on the idea that not only every person, but also every state receives income generated on a credit basis. It can thus fulfil all its tasks without having to collect taxes. Deflation or inflation are a thing of the past. The economy is freed from the constant compulsion to grow, the danger of a collapse of the financial system is finally averted. (www.gradido.net)

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