Insight and inspiration in turbulent times.
Living Energy Farm (Louisa, Virginia) is a community of people who support themselves without the use of fossil fuel. Our project has been built at modest cost so it can be replicated around the world. Living Energy Farm is a fully operational farm and community, not just an idea.
Economic theory has failed to incorporate the role of energy in production for two centuries since the Physiocrats. In this video I derive a production function that includes energy in an essential manner. It implies that economic growth has been driven by the increase in the energy throughput capabilities of machinery.
In 1975, five penniless friends began restoring an old spinning mill in an attempt to revive the local wool industry. Today, the coop Ardelaine and its partners employ about 50 workers.
That is one of the major benefits to the state of having its own bank: it can borrow very cheaply in the money markets. It can get the sort of Wall Street perks not otherwise available to governments, businesses, or individuals; and it is backstopped by the Federal Reserve system if it runs short of funds.
The Toronto Tool Library in Ontario, Canada, is a model tool lending program. With four locations and a variety of workshops and community events, it is a pioneer of the lending and sharing movement.
So, we also need to reverse the parasitic, rentier effects of enclosure and marry basic income to her true partner – land value tax. Land tax combined with a citizen’s dividend provides the simplest, most elegant regenerative tool for social justice.
Brancaglione proposes a very anarchist-sounding agenda of federated local communities bypassing the state to create a counter-economy and appropriate illegitimately enclosed resources to fund a basic income.
Abundance is a new economic frame in which scarcity cannot be preserved. It’s funny to speak in these terms about scarcity, but it is appropriate. Economics used to be about managing scarce resources, but scarcity has turned out to be not a condition to overcome, but the Holy Grail to access monetary wealth for some.
The bioregional approach is about saying actually an awful lot of stuff can be done at the bioregion. Health systems could be organised there, you could have particular cultures at the bioregion level. You would certainly look to the vast majority of your food and clothes and furniture and those types of products at the bioregional level.
…we must accelerate construction of the prefigurative commons economy, with its respect for the sharing of knowledge (free movements), just distribution of the social surplus (solidarity economy), and ecologically viable production for human need (political ecology).
What is the personal experience of living in a community that wants to change the basic tenets of economic system and work organization? Certainly, each community is different and the individuals living there determine the atmosphere, so my description cannot serve as a base for generalization.
Later economists like David Ricardo took the idea of specialisation and refined it into a theory of why free trade would supposedly improve everyone’s welfare because it led to specialisation between countries.
