Short Circuit book online: Irish Economist Richard Douthwaite

1 rating since posting on Saturday, November 12, 2005
Short Circuit book online: Irish Economist Richard Douthwaite
in Los Angeles
website
(submitted by offlinesynthum )

Overall Rating

*****

based on 1 rating
*****
Parallel redundant Economies running alongside old disabled one
blogs.salon.com/0002007/20....html#a1335

In Short Circuit, he's laid out a blueprint for this new economy. One of the breakthrough ideas (to me anyway) comes right in the Preface, where he says:

Admittedly, most groups' efforts to develop their local economies are still on the conventional 'what can we supply to outside markets?' lines but a certain 'which of our needs can we start satisfying from our own district's resources?' radicalism is creeping in.

As obvious as this is, it had never occurred to me that, beyond creating community self-sufficiency in energy, food (as much as climate permits), and health/biotech, the way to create a viable community is to focus on meeting that community's own needs, not the needs of the world at large. That means community-based education, utilities, clothing and furniture, manufacture, entertainment and recreation, service of transportation and computer technology, home renovation and repair, social and financial services, and a few other things




We must therefore build independent, parallel economies if we are to fill more of our needs for ourselves.

The next chapters describe how such independent, parallel economies could be built, focusing on:

* The need for a local, independent, time-based currency for each community (he shows that this stimulates and more fairly values local enterprise, and reduces dependency on and vulnerability to economic activities outside the community, but says existing LETS systems need serious reform through experimentation);

Book online>
www.feasta.org/documents/...ntents.html - onlinesynthum , posted 11/12/05

Short Circuit book online: Irish Economist Richard Douthwaite was recommended for:

post to tribe
recommend or request

search local favorites

browse