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Localized Economy Versus a Globalized One

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As our economy sours and banks go bust, many folks are recommending that your grab your bag of seed and get your gun. Economists are coming on TV talking about the economy like it is a giant, mysterious, voodoo bubble-making machine telling us that if we just poured in enough of this and that then we would get the right voodoo bubble to come out.

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Now we turn to local businesses. With the Baltic Dry Index falling we may have to move to this faster than we can imagine. What is the Baltic Dry Index? It just means that goods are not being shipped around the world. Why does that matter? Because most of the goods you buy come from China. A local business economy would be where your clothes are made from products locally grown. Let's say that Joe grows cotton and flax, and he gives the cotton to Susie to be woven into material. This material is taken by either you directly or by Susie's dress shop to make clothes. You might have to make your own clothes. The number of choices in the clothes department will drop. Susie can only produce so many dresses. Most manufacturing could be localized as well to keep people working in the community.

Banks have become too powerful and their power too centralized. My suggestion is here is to temporarily seize the banks, and forgive quite a bit of debt, and then break these guys down into small, local banks. The Federal Reserve needs to be permanently taken over. We do not need our federal government paying a private bank to produce money or keep interest on the public debt. That's silly and expensive. Forgive the debt and tax the mess out of the billionaires to kick wealth around a bit. The more people own land and the more wealth that goes into the hands of the many, the wealthier the community. more

 

I enjoy writing about political/ economic events, and I am especially concerned about the US as a warlike nation. I would like to see this nation turn itself around from a conquering nation in both commerce and war to a nation of peace. I hope that (more...)
 

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Swadeshi by Matthew T. on Saturday, Feb 14, 2009 at 10:42:23 AM
Will We Ever have the Culture We Need, an Androgynous One? by Theresa Paulfranz on Saturday, Feb 14, 2009 at 1:25:23 PM
Will We Ever have the Culture We Need, an Androgynous One? by Theresa Paulfranz on Saturday, Feb 14, 2009 at 1:26:57 PM