This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage. For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to specialize in and trade for everything else. I gave my usual response that the theory is great – except for the thousands of goods and services that are cheaper to produce locally – but that answer left me uneasy. Once the dust settles … [Read more...]
To Leave or Remain: Dichotomy or Distraction?
Ever since the Brexit referendum was first announced, we have been bombarded by an array of starkly contradictory pronouncements – from the Leave camp’s now infamous claim that withdrawal from the EU would release £350 million a week for the NHS to the former Chancellor George Osborne’s assertion that Brexit would leave the UK “permanently poorer”. At first glance, the two sides seem to have almost nothing in common; these are polar opposites. Dig beneath the surface, however, and a fundamental … [Read more...]
Why Growth Can’t be Green
Warnings about ecological breakdown have become ubiquitous. Over the past few years, major newspapers, including the Guardian and the New York Times, have carried alarming stories on soil depletion, deforestation, and the collapse of fish stocks and insect populations. These crises are being driven by global economic growth, and its accompanying consumption, which is destroying the Earth’s biosphere and blowing past key planetary boundaries that scientists say must be respected to avoid … [Read more...]
Ten Years After the Crash: more of the same, or a new beginning?
The year 2008 was a momentous one. The ‘anniversary’ headlines are of course all about the financial crash. As Nick Mathiason in The Guardian put it at the time: "It was the year the neo-liberal economic orthodoxy that ran the world for 30 years suffered a heart attack of epic proportions." While the global establishment panicked, governments rallied round and got the flatlining monitor back up again by pumping in trillions of dollars to stop the world banking system from collapsing. The … [Read more...]
The Commons, Short and Sweet
I am always trying to figure out how to explain the idea of the commons to newcomers who find it hard to grasp. Here is a fairly short overview, which I think gets to the nub of things. The commons is…. A social system for the long-term stewardship of resources that preserves shared values and community identity. A self-organized system by which communities manage resources (both depletable and and replenishable) with minimal or no reliance on the Market or State. The … [Read more...]
Bulldoze the Business School
Visit the average university campus and it is likely that the newest and most ostentatious building will be occupied by the business school. The business school has the best building because it makes the biggest profits (or, euphemistically, “contribution” or “surplus”) – as you might expect, from a form of knowledge that teaches people how to make profits. Business schools have huge influence, yet they are also widely regarded to be intellectually fraudulent places, fostering a culture of … [Read more...]
Localization: a strategic alternative to globalized authoritarianism
For those who care about peace, equality and the future of the planet, the global political swing to the right over the past few years is deeply worrying. It has us asking ourselves, how did this happen? How did populism turn into such a divisive and destructive force? How did authoritarianism take over the political scene once again? From my 40 years of experience working in both industrialized and land-based cultures, I believe the primary reason is globalization. When I say globalization, … [Read more...]
Local Finance Made Simple
The nature of money is to abstract value. That is its role. It stands in place of an actual good or service. If I fail to have the basket of potatoes you are seeking in exchange for the wool from your sheep, I can instead pay for the wool in dollars or BerkShares or Brixton Pounds— which then become an abstract representation of the wool. You can then exchange those $, B$, or B£ at a later time in the market for potatoes, or for any number of other products or services. This capacity for … [Read more...]
CTRLshift: An Emergency Summit for Change
In Britain, these days, all the essential endeavors that are supposed to promote general wellbeing and what is known as “civilization” are, it is widely agreed, in crisis: health and social services; housing; education; energy; transport; and of course, though successive governments haven’t taken it seriously, agriculture. Oh yes, and then there’s “the environment” – nothing less than the biosphere; nature; the living world — but commonly thought of these days as real estate or “natural capital” … [Read more...]
Agriculture and Autonomy in the Middle East
Editor’s Note (March 29th, 2018): An earlier version of this article incorrectly described MEM as operating in Rojava. In fact, MEM only operates formally in North (Turkish) Kurdistan, though its goals and principles are also being pursued by groups in Rojava, including the Internationalist Commune of Rojava. In the predominantly Kurdish regions of Syria and Turkey, known respectively as Rojava and North Kurdistan, a groundbreaking experiment in communal living, social justice, and ecological … [Read more...]