Economic Enhancement
Playbook - Modernizing local living economic enhancement tactics for the emerging post growth, human flourishing, neoliberal, mixed economy.
"Together, it is essential for us to acknowledge promptly, rather than delaying, that we all reside on an extraordinary, wholly self-sustaining celestial planet. It thrives with minimal support and remains resilient to the necessity for safeguarding as long as we provide for it with individual care." - anonymous.
For our consideration;
As we delve further into the burgeoning economy, it becomes clear that participating in economic development experiments is crucial, particularly when a community places a high value on social and environmental equality. Social and environmental equity can be attained by embracing both the seventh generation principle and the tenets of community economic development as a guiding North Star for continuous improvement centered around community.
It begins with adopting a growth mindset when contemplating the next steps toward local economic sovereignty. When reflecting on local economic sovereignty and self-determination, it is vital to emphasize the fundamental principle of taking control of our economic future. As we address our evolving economic needs, this becomes imperative, given that the existing extraction methods frequently lead to winners and losers, resulting in a substantial burden of losers as seen today, that puts our systems on the brink of collapse.
“ The solution to this is actually very simple and elegant. The superior economic model is one which local people own and control what is built.” - Markell
Therefore this is not centered on redistributing wealth; but rather, it revolves around utilizing current wealth to generate additional wealth, constituting the essence of a regenerative system. Regeneration is fundamentally an economic consideration first, with land coming into focus subsequently, facilitating the renewal of financial resources. Financial resources arrive as cost-effective investment capital, in harmony with the principle of local sovereignty. As the community assets begin to generate revenue, it presents an opportunity for locals to acquire ownership, either directly or through alternative financial mechanisms. Once the community takes control, they shape their own destiny, forming the foundation of community health and well-being.
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Historically, we've observed that when local communities own their future, they exhibit superior care for both each other and the land. Their commitment to the local future surpasses that of individuals outside the community, as we have all witnessed first hand. Local self determination also renders any attempts at unnecessary financial extraction, gaming of impact, or social engineering impossible because the ultimate metric is singular: who owns it in the end. Or put another way, It matters who owns what!
Wayfinding:
“You must live for your neighbour if you would live for yourself.”- Seneca
Clarifying and curiosity questions are most welcome. [email protected]