“Evil is a talented logic which challenges love and truth by arguing that since all human beings are by nature selfish and fallible, any pursuit of virtue must be hypocrisy.”
Robert Graves

Local Economies (for when capitalism goes away)

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This article is a pretty good (though not excellent) read about where we are. I definitely agree with the conclusion – hence the title of this post. The following excerpts were selected accordingly:

“Economic growth as we have known it is over and done with …

If we are very lucky, the global economic expansion forces will be forced into an orderly retreat before they overshoot the resource base. If not, humans everywhere are likely to face an abrupt economic collapse in which the decline is a lot steeper than the preceding economic expansion …

We like to tell ourselves that continual progress in science and technology will keep paying off by creating the new energy sources and the improved technology that we need to maintain ourselves and solve our problems, especially when we take care to grow in a smart way with sensible restraints …

In reality it is found that technology tends to harvest the low hanging fruit in terms of available resources first and then moves on. While there was an abundance of cheap energy available, this exhaustion of resources and a simultaneous increase in unwelcome consequences could be concealed for a time …

Given the choice, it seems better to face economic crisis sooner rather than later, both in terms of the lesser total damage done and the better chances for eventual recovery …

Nobody can accurately predict how long the current situation can be maintained but, given the facts of the matter, we can see that there is certainly going to be a global economic crisis. Only the timing, which is based on investor psychology and the Federal Reserve’s ability to keep the game going, is uncertain …

To sum up the situation we face, the scientists are warning us that even at best, a well-managed global economy can only avoid a severe environmental crisis for perhaps three more decades, because of the fundamental limits of nature. However, the chances of our poorly managed system of global capitalism lasting even that long are slight. Given the time typically needed to recover from a severe economic crisis like the Great Depression, this suggests that a severe global economic crisis or collapse must put an end to capitalism as we know it in the not very distant future …

Local economies centered around local agriculture and local production of the goods needed for survival are likely to be an important part of our future. We cannot start planning soon enough.”

At Bhudeva we are contributing to this transformation with Cutia Taranului … and my mind seems to be continuously moving towards more concrete (=things we need as we progress in creating an alternative life style) things that can be done in this direction in the unique ecological/cultural/financial settings of Romania.

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