AboutAn introduction and our aim
Firstsource Money is an economic policy research and advocacy group. As an economic justice team, we focus on showing the relationship between our current economic policies- especially our monetary and banking policies to our developmental challenges such as poverty, inequality, unemployment, and unbalanced and unsustainable economic growth and development.
We advocate the need for change in the current monetary and banking policies to those that support productive inclusive economic growth and job creation. Furthermore we call for change in the macro-economic framework of South Africa and African countries.
We seek to influence the reform of the current monetary policies so as to create an inclusive, sustainable and equitable economic system that is consistent with the objectives of the RDP (Reconstruction and Development Programme) that call for a “better life for all”. In certain instances, Firstsource Money supports the call for radical policy regime change. We believe that there can never be a “better life for all” if we continue to pursue the current policies. As is now very clear, 21 years into our democratic dispensation, South Africa remains mired in all manner of challenges.
The outcomes of our current policies are unambiguous : inequality (the worst in the world); unemployment (one of the highest in the world); and poverty (one of the worst). The current economic system is inherently anti-RDP and should thus give way to a debt free, non-usurious system that relies on the creation of money by state, and not by private institutions.