If a community (no matter its size, local to global) agrees on the utility of a project, it commits itself to its completion, creating the capital needed.
Operation of this system requires learning the processes of community decision making. It requires studying and practicing sociocracy, participatory budgeting, and other community decision-making processes.
Now that we have some handle on how simple money can work, we can contrast it and its results with the present money system and alternatives that have been proposed. This will be the focus of our next two installments.