Ever since the release of Pope Francis’ encyclical, Laudato Si’, people in our circles have been waxing rhapsodic about its message: finally, a powerful global figure is explicitly calling for fundamental structural change.Unfortunately, the media has pigeon-holed the encyclical as a “climate change” document, and so Francis’ deep and broad critique of the modern economic system – with particular emphasis on its links to reductionist science and technology – isn’t getting the attention it … [Read more...]
Small Loans, Big Problems: The False Promise of Microfinance
Ever since Bill Clinton and the World Bank enthusiastically embraced the microfinance concept in the 1990s, we at Local Futures have been skeptical of its benefits, seeing it as part of a whole package of “market solutions” to our social and environmental crises that, in the long run, make things much worse. We have pointed out that these loans often target rural populations who were not previously in debt: they represent the long arm of capitalism reaching into remote rural areas, encouraging a … [Read more...]
Democrats & Republicans Uniting to Oppose Corporate Rule?!
There is a huge political divide between the Democrat Party’s leadership and its local voters. There is an equally huge political divide between the Republican Party’s leadership and its local voters. In a nutshell, the divide can be summed up like this. Voters from across the political spectrum oppose global corporate trade treaties like NAFTA and the current outrage called Trans-Pacific Partnership. Voters from across the political spectrum oppose bank bailouts using public funds. Voters from … [Read more...]