Posts Tagged ‘Centrally Planned Economies’

What will come next?

July 30, 2018

Centrally planned economies didn’t work.

Unbridled neoliberal capitalism isn’t working.

Blood-and-soil nationalism won’t work.

What will come next?  My candidate for the next big thing is some form of radical localism.

Small communities would push back against the power of multinational corporations and big government bureaucracies.

Ideally their civic and economic life would be based on a mixture of town-meeting democracy, volunteer groups, civic associations, producer cooperatives, consumer cooperatives, individually-owned  businesses and large numbers of self-employed workers.

A society based on radical localism wouldn’t be capable of building mega-projects or projecting world-wide military power.

But it might be more resilient when catastrophic global climate change kicks in, the global supply chains cease to work and dysfunctional national governments lose their legitimacy.