I am in favor of increased communication and cooperation between countries, but it is more important that each country becomes responsible for its own actions, its own communities, its own economies, before starting to integrate in large regional or global supranational organizations.
So, there is enormous instability in the global economy with a shift of winners and losers.
Our global economy is out of control and performing contrary to basic principles of market economics.
Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
The proper goal of an economic democracy agenda is to replace the global suicide economy ruled by rapacious and unaccountable global corporations with a planetary system of local living economies comprised of human-scale enterprise rooted in the communities they serve and locally owned by the people whose wellbeing depends on them.
But we can also take the radical view that the test of an economy has to do with the extent to which it is providing everybody with a decent means of living.
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.
If you're living in the community and you own your local businesses and you're engaged in the local economy you should have a definite interest in the strength and health of your community, the caring relationships that bind people together.
I think one of the most important skills of a local organizer of a local economy is an ability to put on a terrific street party.
The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.
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