New Economics
A new economics is needed since the financial crises of 2008, probably one that has local businesses at its heart.
Consider this from Ted Trainer, Lecturer, University of New South Wales, Australia:
"It is not oil that sets your greatest insecurity; it is the global economy, which doesn’t need your town. It will relocate your jobs where profits are greatest. It can flip into recession overnight and dump you and billions of others into unemployment and poverty. It will only deliver to you whatever benefits trickle down from the ventures which maximize corporate profits.
It loots the Third World to stock your supermarket shelves. It has condemned much of your town to idleness, in the form of unemployment and wasted time and resources that could be being devoted to meeting urgent needs there.
ln the coming time of scarcity it will not look after you. You will only escape that fate if you build a radically new economy in your region, and run it to provide for the people who live there."
Woah! Do you think that sounds true? Here is an article by Wendell Berry: The Idea of a Local Economy, that explains more.
Currently the stock market is over 15,000, and yet many are unemployed and stores are not only boarded up on Main Street (in your town, village or city), they are boarded up at the malls too, if you look closely. Seems like Wall Street is only one measure of success.
People invest trillions in the stock market, but why not invest where they live? I'm not an expert on this but there are such people. Check out this video below from Michael Shuman http://youtu.be/xkAw4jv8hUY
A new economics is needed since the financial crises of 2008, probably one that has local businesses at its heart.
Consider this from Ted Trainer, Lecturer, University of New South Wales, Australia:
"It is not oil that sets your greatest insecurity; it is the global economy, which doesn’t need your town. It will relocate your jobs where profits are greatest. It can flip into recession overnight and dump you and billions of others into unemployment and poverty. It will only deliver to you whatever benefits trickle down from the ventures which maximize corporate profits.
It loots the Third World to stock your supermarket shelves. It has condemned much of your town to idleness, in the form of unemployment and wasted time and resources that could be being devoted to meeting urgent needs there.
ln the coming time of scarcity it will not look after you. You will only escape that fate if you build a radically new economy in your region, and run it to provide for the people who live there."
Woah! Do you think that sounds true? Here is an article by Wendell Berry: The Idea of a Local Economy, that explains more.
Currently the stock market is over 15,000, and yet many are unemployed and stores are not only boarded up on Main Street (in your town, village or city), they are boarded up at the malls too, if you look closely. Seems like Wall Street is only one measure of success.
People invest trillions in the stock market, but why not invest where they live? I'm not an expert on this but there are such people. Check out this video below from Michael Shuman http://youtu.be/xkAw4jv8hUY
