“By achieving a relatively self-sufficient economy, it is possible to greatly cut back the amount of energy and resources that are needed to provide the goods and services that people need. By using local economies and small local factories, we largely eliminate the need for transport and heavy packaging. It also becomes much easier to recycle all waste products into fresh goods, given that manufacture takes place locally and recycled materials do not need to travel far. Local economies will also provide a much fairer distribution of wealth. Enormous factories and economic outlets have a tendency to concentrate wealth into the hands of just a few people.”
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“Ultimately it is quality of life that matters most. A truly localised economy, which blends the benefits of modern technology with the more friendly, quiet and socially integrated communities of yesteryear, could offer people the best of both worlds. The advantages that such a society would bring, in terms of quality of life, care for the elderly, greener and quieter surroundings, freedom from crime and traffic, better health, safety for our children”
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“Empirical data show that a good supply of domestic capital is still more likely to lead to investment, as capital doesn't flow perfectly across borders (nor should it).
Dependency on foreign capital means we have to run our economy like a tart on the streets of global capitalism, always primping to be attractive for other people's money, and setting everything from interest rates to worker-protection laws to please them.
This means turning ownership, and thus control, of much of our economy to foreigners. When their economic interests coincide with ours, this is tolerable, but they often won't, and on fundamentals, they never will"