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This working group is focused on sustainable economics and financial balance within resilient social ecologies.

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

Jeremy Rifkin: The Third Industrial Revolution: Toward a New Economic Paradigm

 

Our industrial civilization is at a crossroads. Oil and the other fossil fuel energies that make up the industrial way of life are sunsetting, and the technologies made from and propelled by these energies are antiquated. The entire industrial infrastructure built off of fossil fuels is aging and in disrepair. The result is that unemployment is rising to dangerous levels all over the world. Governments, businesses and consumers are awash in debt and living standards are plummeting everywhere. A record one billion human beings--nearly one seventh of the human race--face hunger and starvation.

The Economics of Rapidly Emerging Cities

As the human populations of our small planet exceeds 7 billion on its way potentially to 9 million or 10 billion by the mid-21st Century, migrations of millions are becoming common place -- some out of desperation, others out of seeking opportunity and a better life.  According to a large percentage of climatologists and other scientists that are studying global change, the social ecologies of many large cities will become non-viable for their human populations and many other species due to climate change, the drying up of water supplies, the lose of food sources, natural disasters, wars, and other factors.  In other cases, new cities of opportunity or attractive culture will draws those seeking a better life and way of being.  

Tens of millions, and perhaps hundreds of millions will be forced to leave their homes in search of more viable communities.  Millions more will create new communities with intentionality, exploring new economic, social, and political models that improve health, human security, resilience and sustainability for the new citizens.  In some cases, simple shared principles will shape new, fast growing economies, and, in other cases, rules and conditions will be imposed on inhabitants of new communities and cities.

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When Capitalism Converges With Resilience

It is hard to argue against that fact that the U.S. and even "Communist" China, for that matter, have great influence in global markets and on health and human security -- for their own people as well as human populations world-wide. The power of capital within global, regional, national, and local markets has been transforming the world since the growth of the industrial revolution, which has only accelerated since the broad introduction of global communication and computing in the 20th century. That said, there has been growing criticism of the destructive nature of market fundamentalism and laissez faire economics in the face of a growing awareness of ecosystem carrying capacities, and the problems inherent in growth economies in decline.  So what happens when capitalists become aware of the destructive nature of growth economies, where populations are exceeding the carrying capacities of ecosystems and mass consumption economies begin to collapse?

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