There is another alternative. The issue is not interest itself - it is interest on interest. We should get paid for lending money. We should not get paid because we say we own it. We, humans, are mortal, and we only own things while we are alive, and then it passes to someone else. A solution is to recognise that.

Money and assets are a form of Capital. When buying a product generated from Capital, we should pay for the product, and for the Capital used in producing the product, but we do not receive any Capital in return. We can arrange our payments so that we receive Capital in the business producing the product at the time of payment.

Using this with rent means that part of the rent payment buys part of the Capital in the property. We become shared owners with the landlord.

The implications of doing this are immense. It removes the need for Capital Markets as it provides a much cheaper way of transferring Capital. In fact, it removes the need for markets to set the price of anything. The community collectively sets the price through negotiation. The price is set by the cost of production plus an agreed profit. It does not destroy markets because others in and outside the community can offer products at different prices - but the market does not set the price.

Importantly it removes the interest on interest problem without removing the need for interest. With a money loan, we set the price by the agreed interest rate, then each time we repay money, half is repayment of Capital and half is interest or payment for the use of money. This principle can apply to all monetised assets and will halve the cost of transferring assets. Usury (or interest on interest) is costly so removing it makes for a much more productive economy.

To see how this works to build a circular economy visit https://medium.com/@kevin-34708/a-circular-economy-e8279fda408b