Insight and inspiration in turbulent times.
‘The World in 2018’ is a world full of concerns about the future, yet a world that seems to be getting slightly more optimistic about its economic prospects. Ten years after the onset of the financial crisis, there are hopes that the global economy may have turned the corner and could finally be starting to pick up after years of slow growth. Are we seeing light at the end of the tunnel – or rather getting deeper into the fog?
Co-op coins are not a new concept but the days of trading locally minted coins for a pint of milk or a loaf of bread are long gone. Instead, the rising interest in digital currencies and rapid increase in the number of Initial Coin Offerings looks set to make 2018 “the year of the crypto currency”.
The rise of far-right globalization criticism requires a new role for the Degrowth movement. ‘Progressive De-Globalization‘ could be the counter-project that is urgently needed.
But there is hope. It is (as it has always been) in living the good life. Though such a course may fail, until it does so, it remains a source of happiness. It is now the only productive course we have to mitigate the worst of climate change. By all means speak to the powers – you never know – and this writer is frequently wrong – but without rapid and then hopefully fashionable personal change, there’s not a realistic hope in hell…
What is the value of a street where people can walk safely? Why build streets that are constructed with the needs of people in mind, not just the needs of cars?
There is a great irony that Adam Smith, a professor of Moral Philosophy, should become the apostle of an economic order that degraded people’s inclination to take moral decisions in their economic arrangements. Further, an economic order which has helped “externalities” to multiply until the point where we have a veritable social and ecological crisis.
In order to make the future that we want, we have to openly confront the stark problems already at the heart of the Third Digital Revolution, and there are several glaring problems already in plain sight. Despite great efforts toward democratizing the Third Digital Revolution by making much of the technology “open source”, historically oppressed and disenfranchised communities remain excluded.
My skepticism aside, my goal here is not to convince the passionate supporters of endless federal money printing that this is a bad idea – you’ve got your thing and you really believe it and I don’t want to quarrel over it in this piece – but to point out to you, and especially those sympathetic to the ends if not the means of what you advocate for, that Modern Monetary Theory is not going to solve the problems we are trying to address at Strong Towns.
We can’t all be Noam Chomsky or Ayn Rand or Wendell Berry or Bingo Pajama, but that doesn’t mean each and every one of us can’t get the hint. We need a new story. Maybe even a new myth. We need to rediscover imagination. Imagination that enables us to reckon our whereabouts in a world that is heating up and speeding up.
You are not likely to encounter a more welcoming set of texts and infographics to introduce the commons and peer production than the Commons Transition Primer website. The new site features four types of materials suited different levels of interest: short Q&A-style articles with illustrations; longer, in-depth articles for the more serious reader; a library of downloaded PDF versions of research publications by the P2P Foundation; and a collection of videos, audio interviews and links to other content.
Patel and Moore present a provocative and highly readable guide to the early centuries of capitalism, showing how its then radically new way of relating to Nature remains at the root of world political economy today. As for a guide to the future, however, the authors do little beyond posing a few big questions.
By organising globally, the power of the business sector has grown far above and beyond both that of the nation-state and of self-organising citizens. If the new wave of citizen movements is to acquire real power, then it will have to organise itself translocally from the beginning, whereby coalitions of cities with clear political and economic objectives take the lead.
