Quantitative Easing currently benefits the non-bank financial sector, commercial banks and the Treasury
Under QE, Hansard evidence informs us, the Bank of England’s Asset Purchase Facility purchase of just under £375bn of government bonds from the non-bank financial sector has led to a lowering of long term interest rates. The non-bank financial sector . . . → Read More: Should QE now be used for the common good – extending and adapting the work of Birmingham Energy Savers?
Colin Hines, co-founder of Localise West Midlands, sends news of a report advancing a much-needed debate about how to move the UK out of the counterproductive politics of austerity and into the age of the Green New Deal.
He sees this as a matter of the utmost urgency and thinks that if it . . . → Read More: If the solution is not a Green New Deal then what is it?
As ‘our grand economic experiment’ has demonstrably failed to serve people and planet, New Economics members in America have begun to readjust and re-experiment. Citizens organized in neighbourhoods, cities, and small towns, are working together to create new economic forms that support an emerging new economy.
PBS NewsHour has aired . . . → Read More: American localisers call for new economic forms to support an emerging new economy
Alister Scott, Professor of Spatial Planning and Governance at Birmingham City University, asks:
In the Birmingham Post, Scott examined the localism ‘tablet’ , looking critically at Eric Pickles’ rhetoric, commenting: “there is something politically attractive in giving people the right to determine their future and shape the kinds of places . . . → Read More: Is ‘disintegrated localism’ part of a hidden agenda?
In the Financial Times he writes:
“India needs a government that views its youthful population (more than 50% under 25) as a strength and not just as more mouths to feed!
“It needs to craft an original economic policy suitable for its labour-rich economy and not merely adapt the western model more . . . → Read More: Should R. Vijayaraghavan’s proposals be implemented here?
The National Farmers Union is urging the public to sign its charter and help to turn around a decline in self-sufficiency from 1991, when the country produced 75% of its own food, to the current production of 62%.
It states that today, August 14, is the day British food supplies . . . → Read More: Would you sign this Charter if the NFU and government rethink their GMO and food export drives?
In Jamaica, Haiti, the Bahamas and elsewhere, local farm-to-table production is not a restaurant sales pitch: it is a government motto.
“We’re in a food crisis,” said Hilson Baptiste, the agriculture minister of Antigua and Barbuda. “Every country is concerned about it. How can we produce our own? How can we feed our own?” . . . → Read More: Local farm-to-table production is a government motto
Steve Schofield, whose work in Bradford was covered on this blog some time ago, focusses on the real security challenge of the 21st century caused by resource depletion and climate change.
The evolution of the international system was driven by the ambitions of the larger industrial states, defined by elite, corporate groups that control . . . → Read More: Will the end of traditional growth paths lead to ‘cosmopolitan localism’ ?
Mark Coba for CNBC reports: “We have two or three times the amount of food right now that is needed to feed the number of people in the world . . . A lot of people aren’t analyzing the situation correctly. We can deal with short-term food shortages after a disaster, but fixing long . . . → Read More: More localisation of food-growing, less market speculation and global trading
Dr Molly Scott Cato opens her Green House paper, which may be downloaded here, by asking how our ongoing financial and economic crisis is to be understood and resolved.
The mainstream view is that we need economic growth – and austerity – because of the vast government deficit and stagnant economy.
Others say . . . → Read More: ‘Local Liquidity: From Ineffective Demand to Community Currencies’