Friday, July 24, 2009

It's time for a new economy not based on Capitalism and a new social order

"The 'transition town' movement -- whereby communities pro-actively reduce their reliance on fossil fuels and foster local resilience-is spreading like wildfire in countries like the UK, and is just igniting in South Africa." Jeremy Wakeford

SHOOT: We'd need a finance system no longer based on fiat currency, but money based on real value attached to real resources. Gold perhaps. A new social system would primarily involve changing how and where we live. We'd no longer be consumers but communities. Work would be meaningful to the worker and to the community, rather than having some invididual or corporate pay off, but not residual value, no global meaning. Farming will become a major industry and employer [this is organic farming with limited use of pesticides, fertilisers and machines].
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Wakeford predicts that the world could experience an alternative path of "proactive cooperation" as the crisis lifts. This would involve redesign of the financial system, an oil depletion protocol to stabilise oil markets as supplies deplete, an effective climate stabilisation treaty, reduced military expenditures, greater technology and aid transfers to poorer countries.

There were would also be "sustainability mobilisation" involving government expenditure on projects, such as renewable energy, public transport systems, freight railways, telecommunications and a recycling economy.

At the local level, individuals and communities can strengthen their resilience to the tough times by spending wisely, reducing debts, acquiring appropriate new skills, building local economies and even adopting local complementary currencies, Wakeford said. Boosting food security through sustainable agriculture and urban food gardens would also be vital.
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