The Economics of Happiness
Now, let’s imagine a very different world, one in which most of your food comes from nearby farmers who are part of your community and who ensure food security year round. Imagine children being free to play and explore their world safely under the watch of neighbors who you know and trust. Imagine the money you spend on everyday goods continuing to recirculate in the local economy, building community wealth along the way. Imagine local businesses multiplying and providing ample, meaningful employment opportunities, instead of your hard-earned cash being immediately siphoned off to some distant corporate headquarters. Economic localization can make these visions a reality for all.
In this learning guide, we’ll cover what economic localization is and why it’s so beneficial for human, societal, and ecological wellbeing.
Ultimately, economic localization is about re-scaling the economy back to a human level. It is the process of building economic structures which allow the goods and services a community needs to be produced locally and regionally whenever possible. Localizing economies can strengthen community cohesion and lead to greater human health and material wellbeing, all while reducing pollution and degradation of the natural world.
From community gardens to credit unions, from alternative learning spaces to small business alliances and co-ops, local economies create networks of place-based relationships that affirm our human desire for connection to each other and to the earth. By creating this structural basis for community, local economies make caring for one another and for the land into guiding principles of daily life.
Watch the video for more on why localization is so beneficial – and so necessary.
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