Communication with the candidates for the Vancity board of directors (2)
I sent this to all the candidates of whom I could find the electronic address (#5, #10, #11, #12, #13, #14, #17, #18, #19), asking for permision to post their answers here. Let's see if somebody answers at all...
"I formulated some of the issues that I care about in the form of hypothetical scenarios, that I hope will be non-trivial, and thus interesting, both to answer and to read. I would be interested in your reaction to each of these scenarios as part of the board of directors of Vancity, or lack of reaction, for the ones you consider either irrelevant for Vancity or extremely unlikely.
Scenario 1: A considerable improvement in efficiency allows Vancity to mantain revenue and operations with 30% less work hours.
Scenario 2: A LETS or a time bank is started in in a city where Vancity operates, and it grows up to the point where a considerable amount of the economic activity in this city passes through it. A representative asks Vancity for support.
http://en.wikipedia.org/wiki/LETS
http://en.wikipedia.org/wiki/Time_bank
Scenario 3: a group of Vancity members is convinced that interest charging is evil per se, and demands that Vancity gradually phases out of any interest exceeding the rate of inflation.
http://en.wikipedia.org/wiki/Islamic_banking
http://en.wikipedia.org/wiki/Riba
Scenario 4: Peak Oil becomes evident, the oil price rises from 100 CAD/barrel to 200 CAD/barrel during your three-year position.
http://en.wikipedia.org/wiki/Peak_oil
Scenario 5: Thanks in part to non-conventional reserves, oil production increases, oil price recedes quickly to 70 CAD/barrel and stays there during your three-year position.
http://en.wikipedia.org/wiki/Tar_sands
Scenario 6: US dollar plummets, change oscillates between 1 CAD = 1.0 USD and 1 CAD = 2.0 USD during your three-year position.
Thank you for your time. "
