With
gold reaching all time highs in value, and other indicators that our global
economy is in serious trouble (or seen more positively, ripe for a reset) money as we know it, and commerce
as we know it may well vanish, or drastically change in the not too distant
future. So perhaps, now more then ever, it’s time to look at how to build and
maintain robust local economies.
This
week’s guest writer Wayne Maceyka takes an interesting, inspiring look at how
that can happen. Part 1 of a 2 part series, we encourage your thoughts, ideas,
and questions in the comments below.
Considering
the seismic activity that's been rumbling through the global economy over the
past few years (it's not over, unemployment here in the United States is over 10%, the highest since 1983 and there are fears that
commercial property loans, additional residential mortgages, and energy prices
will squash a full-fledged recovery - in the traditional sense of the word),
perhaps looking at our economy through a different lens would be interesting.
For me,
that lens has been building local and regional economies as a way to buffer
regions from the winds of globalization and perhaps address some of our
environmental challenges as well.
Why import items that
meet basic human needs (food for instance) when much of it can be supplied from
nearby? Of course, “nearby”, “local”, and “regional” are relative terms, the
definitions of which are up for debate, but lets leave that discussion for
another day Why is “going local” a good idea? It reduces our dependence on long
distribution chains that are vulnerable to energy price fluctuations, reduces environmental
impact, and perhaps most importantly helps keep financial capital circulating
within the region.
This recirculation of financial capital supports regional businesses and the jobs and value they create, further increasing the region’s resilience in the face of large-scale economic challenges. Will every city, county or state be self-sufficient in the next 20 years? Probably not, though depending upon your beliefs around peak oil (see Jeff Rubin below) perhaps they’ll have to be. The point is not to seek protectionist self-sufficiency, but cooperative interdependence on a scale consistent with human needs and natural resources.
Continue reading "Time to Stop Talking About Going Local, and Doing It. Here's How. (pt 1 of 3)" »
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