Bin zib_english
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1) Three people opened Bin-Zib, an alternative housing community in Seoul, by renting an apartment with $120,000 in key money deposits and loans. 2) Bin-Zib is based on principles of hospitality, autonomy, egalitarianism, and sharing. Members share living costs and key money deposits. 3) Bin-Go was established as a cooperative fund to expand these principles. It provides loans to Bin-Zib houses and other communities, aiming to ultimately make capital extinct by sharing all profits with people worldwide.
![3. Bin-Go,
고[go] means fund/bank in Korean
a co-op of people who oppose capitalism](https://image.slidesharecdn.com/bin-zibenglish-140208121654-phpapp02/85/Bin-zib_english-11-320.jpg)
Bin zib_english
- 1. Bin-Zib, an alternative community for autonomy, sharing and hospitality -Research Lab Bin 1. A brief history of Bin-Zib
- 2. The mid section of Seoul ) 3 people opened Bin-Zib by renting an apartment with $120,000 key money ($40,000 co-fund + $80,000 loan from a bank
- 3. Key money system of South Korea 월세 Monthly rent Key money +rent Key money Deposit 보증금 월세 rent 월세 $10,000 $900 Deposit 월세 rent $50,000 $500 deposit 월세 $100,000 rent 0 • Contract by a year or two • Key money is returned at the end of contract • $100,000 key money = $1,000 monthly rent (12% interest per a year)
- 4. “Bin-Zib is a house that is open to all. We composed Bin-Zib because we believe that houses should not be owned. We believe if there is any profit generated by money, it has to be shared with everybody in the world. By opening a house to everyone, by sharing money with others, we can live together. (….) We hope that we can expand Bin-Zib, the praxis of sharing, from the house to the town, and to the whole world.” (From Bin-Zib’s website, 2008)
- 5. Sharing the key money “It was possible for all of us to live relatively in a decent residential environment with such a small amount of money because we didn’t aim to Make profit while share key money and resources.” (Bin-Zib, 2013) How lovely it is that I can live with only $200 for a month!!! Share of the expenses (monthly interest of loan + living cost)
- 6. 아랫집 2008년 2월 3월 4월 5월 6월 빈집 7월 8월 9월 10월 11월 12월 2009년 1월 2월 3월 4월 5월 6월 아랫집 7월 8월 9월 10월 11월 12월 2010년 1월 2월 3월 4월 아랫마 5월 을 6월 7월 8월 9월 10월 11월 12월 2011년 1월 2월 3월 4월 아랫집 5월 6월 7월 8월 9월 10월 11월 12월 2012년 1월 2월 3월 4월 5월 5월 6월 7월 8월 9월 10월 11월 12월 윗집 옆집 가파른 집 참길음 집 빈농집 앞집 빈가게 하늘집 공부집 팔당집 만행 까페해 방촌 해방채 계단집 작은집 끝집 살림집 해방촌 연구소 구름집 마실집 옥상집 주요 사건 Opening party Feb.2008 The second Bin-Zib Oct.2008 빈마을회의 시작 Bin-Maul meeting April.2009 윗집 빈마을금고 논의 참길음 집 옆집 Bin-Go Mar.2010 건넛집 1차 재배치 빈고 시작 Bin-café Oct. 2010 빈농집 2차 재배치 앞집 하늘집 빈고 총회 3차 재배치 빈가게 낭만집 House manager meeting Sep.2011 작은집 공부집 집사회의 Co-op café Oct.2011 팔당집 만행 까페 해방촌 해방채 아듀 파티 계단집 작은집 끝집 살림집 해방촌 연구소 구름집 마실집 옥상집
- 7. 2. The principles of Bin-Zib
- 8. Hospitality No rule to be a new member, multiplying Bin-Zibs, re-assembling houses, village festival, etc…
- 9. Autonomy, egalitarianism Regular meetings within / between houses, meeting of Bin-Go, various DIY activities, collective studies, workshops, co-op café, etc…
- 10. Sharing Mutual aids, gift, co-fund, sharing the key money and places solidarity with other social movements, solidarity fund Bin-Go, etc…
- 11. 3. Bin-Go, 고[go] means fund/bank in Korean a co-op of people who oppose capitalism
- 12. A solidarity fund, Bin-Go “We have to expand the common step by step to make capital extinct, to reduce our reliance on monetary relationship.” (Bin-Go, 2010) (1) Funding money + Granting loan to each Bin-Zib (2) Adjusting the “share of expenses” between houses accordingly (3) Granting loan with small interest to members (4) Solidarity with other social movements and other like minded communities
- 13. “We believe that capital should be extinct ultimately. But how it becomes possible? Can we share the profit generated from my capital with other people? Can I use the key money for my house to the common place for people? Can I invest my money not for interest but for other value? Can I willingly give money to a friend who need it and forget about that?” (Bin-Zib, 2010)
- 14. “If a person shares the 12% profit generated from his key money with all people in the world, the profit will become infinitely closer to zero. The praxis will turn key money from the capital into the common. Bin-Go aims to share each member’s profit with people of the world by multiplying Bin-Zi” (Bin-Go, 2013)
- 15. How should communists invest their money? Investors Communities -Every person has capital or debt in capitalist society -Need spaces for activities -How to avoid being a part of the globalized speculative capitalism? -Is donation an alternative? -How to occupy bank and transfer it? -Can we make a different flow of money? Alternative investment? -Differences of power and capital between members -How to be independent from the capital? -How to make solidarity with other communities? -What if there is profit? -How to reduce individual’s risk in case the commune becomes spoiled or ruined Alternative financial system?
- 16. The system of Bin-Go Investors Communities = Investment for communities’ space Sharing the profit Escape from being a bearer of capital Investment as praxis of anti-capitalism withdraw investment Speculative capital Anti-capitalism income 3% Realization of an alternative value Opportunities of learning democracy Retaining openness and stability Diminishing of inequality between each member’s capital interest 6% loan 12% Bin-Go Expansion of The common Key money Mutual aid
- 17. Solidarity fund, Bin-Go in 2013 -143 members, $230,000 assets -Using more than10% profit for building solidarity with other social movements -Granting loan for 8 Bin-Zibs, one café, 4 other communities’ key money -Small grant for individual members
- 18. “All profits will be used for expanding the common land and networking different flows of money. Investors cannot get any interest from their co-fund at least in forms of money but it can be told that our interest from the investment/ praxis will be the common and friends” (Bin-Go, 2013)
- 19. The expansion of the Bin-Zib’s experiment Sharing a place and key money within members a house Widening the sphere of sharing money to the village by establishing Bin-Go Creating different flow of money by sharing whole profit with others
- 20. A map of the Bin-Village Welcome to Bin-Zib!!