This is a really great and in-depth article on some ideas for a new economics and stronger local economies.
Commonomics will focus on the gatherers, those who are working to foster economic growth from within. We’ll be asking what’s working, what isn’t, and by what standard are our local economies to be judged?
“The goal is having community-led, community-controlled economies where the decision-making is by those who are feeling the effects of the decisions that are made. [We need] humanly scaled systems both in economics and politics.”
“You need to think regionally. What does your region support ecologically and where are the markets? The hyper-local focus, within five or 100 miles is foolish. Most goods travel 2,000 miles. If you can build something [to substitute] within 500 miles you’ve made a major impact.”
Here’s an infographic on How Local Dollars Stay Put.
And another on how local businesses strengthen local economies.