Prior to the outbreak of the COVID-19 pandemic, it was believed that globalisation would lead to development and prosperity. However, the whole scenario has changed now with almost every part of the world under some form of lockdown, which has posed a major challenge to the fulfillment of the demand for various goods and services. […]
What Indigenous Wisdom Can Teach Us About Economics
The crises of the modern world verify what indigenous cultures have always known: that all phenomena are inextricably interconnected. As the Amazon – one of the most vital organs of the Earth – is razed to fuel the global economy, a virus borne of disrupted ecosystems assaults the lungs of human beings. And as economic […]
In Peru, ancestral values shine during COVID-19 crisis
In the context of the COVID-19 pandemic, Peruvians are facing exceptional challenges as individuals and communities throughout the country confront job losses and food shortages in addition to the virus itself. However, these difficult times have an upside, in that they bring out the best in each of us, generating acts of solidarity; in the […]
A wakeup call for local resilience
The lead article in a recent edition of my hometown newspaper highlighted the efforts of a local teen and a sewing business to create 1,000 masks for area hospitals. While this is a wonderful development, it shouldn’t have come to this. The urgent and growing demand for N95 masks and other medical supplies for treating […]
Comparative Resilience: 8 Principles for Post-COVID Reconstruction
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 […]
Coronavirus and the Death of ‘Connectivity’
The Covid 19 pandemic is the second major crisis of globalization in a decade. The first was the global financial crisis of 2008-2009, from which the global economy took years to reach a semblance of recovery. We did not learn our lessons from the first, and this is perhaps why the impact of the second […]
Resist Globally, Renew Locally
A recent discussion forum among the members of The Great Transition Network focused on “The Promise and Pitfalls of Localism.” My friend and colleague Brian Tokar started the discussion by noting that even though there is a resurgence of progressive action at the local level, “reactionary nationalist movements in Europe and beyond seek to position […]
Local is Our Future
[The following is an excerpt from the first chapter of Local is Our Future: Steps to an Economics of Happiness, a new book by Helena Norberg-Hodge, published by Local Futures in July 2019.] For our species to have a future, it must be local. The good news is that the path to such a future […]
Connecting the Dots: Insane Trade and Climate Chaos
Imagine a world where food routinely gets shipped thousands of miles away to be processed, then shipped back to be sold right where it started. Imagine cows from Mexico being fed corn imported from the United States, then being exported to the United States for butchering, and the resulting meat being shipped back to Mexico, […]
Growthism: its ecological, economic and ethical limits
We have many problems – poverty, unemployment, environmental destruction, climate change, financial instability, etc. – but only one solution for everything, namely economic growth. We believe that growth is the costless, win-win solution to all problems, or at least the necessary precondition for any solution. This is growthism. It now creates more problems than it […]