Tag Archives: economy

The Little Green eBook

The Little Green Economics Book is now available as an eBook as well as a paperback.

Buy it on Amazon AU, US, UK or others. See more here.

Don’t shy away from the main game

Whether we like it or not, ‘the economy‘ is the main game in today’s world. No matter the good causes we work for, the present economy will very likely be subverting and trampling them.

What if the economy supported our good causes instead of squashing them?

It can. That’s why this little book can help you. Continue reading

A System to Support Healthy Communities: Policy Ideas

Most of us do not want the world our society has become. It is too frenetic, too stressful, too superficial, too unequal, too acrimonious, too violent, and getting worse. Surveys show we want more time with family, friends and community1. More than 90% of us would prefer a greener, more stable society2, where the emphasis is on cooperation, community and family, more equal distribution of wealth, and greater economic self-sufficiency3.

Many studies now show that for a more fulfilling life, and to restore the planet to health, we need to restore connections with each other and with the natural world. Our emotional and physical wellbeing are best served by a small, supportive community and by regular connection with the living world around us. Caring for the natural world requires us, or some of us, to know each locality intimately4.

Local communities can only be stable and healthy if they have a viable local economy. Many studies show local businesses recycle a large fraction of wealth within the community, whereas businesses owned nationally or globally drain wealth to a distant few. For our physical, emotional and spiritual wellbeing we need to tilt the balance back from global to local5. We will still want many national and global activities, we do not need to be isolationist nor 100% locally self-sufficient. However we do need to be in control of the larger-scale activities, and they need to be supportive of strong and healthy local communities.

So we need to think about a different system. Below are some of the things we will need to change if we are to create a system that supports strong local communities, healthy living and a healthy planet.

These ideas may serve as a framework for a Progressive party or movement.

Read the whole essay.

Megalogenis’ apologia for the neoliberal strategy

[The recent TV series by George Megalogenis on how neoliberal market reforms allegedly saved Australia from the Global Financial Crisis caused me to read his 2012 book on the same theme, wondering if any evidence at all might be found for such an unlikely (but widely believed) claim. I have written my response into the book I’m working on, as follows.]

[A version published on Independent Australia 1 May.]

Despite their mediocrity and failure, and their lack of basis in human nature or defensible theory, the rightness of free competitive markets is taken almost completely for granted in mainstream discussion. That was true when neoliberalism was introduced in the 1980s and it remains true today. Back in the 1980s, I would look out for the basis for the praise being heaped on the latest reform. All I ever seemed to find was the circular reference back to free markets, which were self-evidently good. The mantra of the open, competitive economy is repeated a thousand times a day. Such immersion can lead one to doubt one’s reason and common sense, so it may be useful to search for any robust logic in the daily deluge.

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