Posts Tagged ‘development’
From Growth to Degrowth: a brief history
The notion of economic growth as a regular, ongoing, self-sustained process no longer holds up to critical analysis. Even during what’s been called “The Glorious Thirty” – the years between the end of World War II and the 1974 oil crisis – growth occurred almost solely in industrialized countries and involved a minority of the…
Read MoreLife in a ‘degrowth’ economy, and why you might actually enjoy it
What does genuine economic progress look like? The orthodox answer is that a bigger economy is always better, but this idea is increasingly strained by the knowledge that, on a finite planet, the economy can’t grow for ever. But what is a steady-state economy? Why it is it desirable or necessary? And what would it…
Read MoreWill the Poor Always Be With Us?
It’s a familiar story. On his final journey toward Jerusalem, Jesus stops in Bethany to eat at the home of Simon, a leper. A woman enters with an alabaster jar of expensive ointment; she breaks the jar and pours the ointment on his head. Her gesture invokes the fury of some of those present. The…
Read MoreThe Great Deceleration
In 2015, a major study of 24 indicators of human activity and environmental decline titled ‘The Great Acceleration’ concluded that, “The last 60 years have without doubt seen the most profound transformation of the human relationship with the natural world in the history of humankind”.[1] We have all seen aspects of these trends, but to…
Read MoreAdivasi Economics and Re-awakening the Indigenous Mind
When the East India Company set up in India, the commodities they originally traded included hundreds of unique artifacts made in India, including textiles whose quality has never been surpassed. As the EIC set up a subsidiary called the Government of India for collecting revenue to send back to London, the aim gradually shifted to…
Read MoreGlobalization and the American Dream
This blog is also available in Spanish. “… America is a new kind of society that produces a new kind of human being. That human being – confident, self-reliant, tolerant, generous, future-oriented – is a vast improvement over the wretched, servile, fatalistic and intolerant human being that traditional societies have always produced.” — Dinesh D’Souza, What’s…
Read MoreThe Paris Climate Talks: A Nepali View
Before the COP21 meetings in Paris, I had never attended an international negotiation of any kind. Perhaps as a result, I participated in the event without preconceptions. Based on my experiences at the talks, I brought back to Nepal new and sometimes alarming understandings that will guide me in my continued activism for justice and…
Read MoreGlobalization and Terror
For people in the modern world, there may be nothing more difficult to comprehend than the group calling itself the Islamic State, or ISIS. The beheadings, rapes, and other acts of cruelty seem beyond understanding, as does the wanton destruction of priceless ancient monuments. Perhaps most mystifying of all is the way ISIS has been…
Read MoreSmall 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…
Read MoreThe Global Economy’s “Impeccable Logic”
By Steven Gorelick Ever since the Occupy movement coined the terms “the 1%” and “the 99%” to point out disparities of wealth and power, the gap between rich and poor has received a lot of attention. In his highly-regarded 2014 book, Capital in the Twenty-first Century, for example, Thomas Piketty’s central thesis is that wealth…
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