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Most Western citizens are dependent upon large industrial companies for their food, power, and almost all other necessities and desires. This is ultimately unsustainable, not only for the world in general, but also for the individuals involved. Because of the focus on mass consumption as promoted by the media, the human tendency is to want whatever the media promotes. This leads to unsustainable lifestyles, which contributes to further problems like debt and the like. Rather than the happiness and fulfillment promised by the many products on offer, misery increases.
As such, hyper-individuality and unsustainable mass-consumerism appear to be at the basis of the emotional and lifestyle problems people tend to experience today. McKibben offers some interesting alternatives. Although the communally-based lifestyle he suggests appears somewhat extreme at first glance, I do believe that a compromise needs to be made in order to ensure the future of humanity. McKibben's book is...
Policies could be put in place for example to focus on implementing solar power on the local level.
I am not entirely sure that local currency is a viable idea in the global environment. Although communities may well function sustainably on the local scale, certainly the global economy will not simply vanish. Perhaps the local currency can be supplemented by a global one as well.
In general, McKibben makes some very good points, particularly in terms of the isolating effect of mass consumerism and the increasing wealth of a few, while the rest of the world languishes. In terms of the future, certainly implementing even some of the ideas described in the chapter will go a long way towards improving the prospects for future generations.
Source
McKibben, Bill (2007). Deep Economy: The Wealth of Communities and the Durable Future. Times Books. (Chapter 4).
In general, McKibben makes some very good points, particularly in terms of the isolating effect of mass consumerism and the increasing wealth of a few, while the rest of the world languishes. In terms of the future, certainly implementing even some of the ideas described in the chapter will go a long way towards improving the prospects for future generations.
Source
McKibben, Bill (2007). Deep Economy: The Wealth of Communities and the Durable Future. Times Books. (Chapter 4).
Economy of china is one of the largest economies in the world after the United States of America. Over the years it has been regarded as the fastest growing economy in the world registering the highest number of exports and imports. This has been attributed to high population that the economy has to support. As a result, the economy has improved which has been reflected in terms of the infrastructure
Banks in India are required to provide 40% of their net credit to other sectors like agriculture, retail trade, small scale industries and business.Net assets of the banking sector are held by private banks which holds 18.2%, 75% by public sector banks while the 6.5% are held by foreign banks. China China is the largest economic powerhouse of the BRIC countries by both population wise and GDP. It had an estimated
These convergences lead to mixed economies. Globalization and the U.S. Economy Outsourcing is a result of the current globalization rate, due to rise of internet users and communication through broadband. In actual sense, outsourcing is inevitable, and no one is going to eliminate it any time soon, including the United States. However, outsourcing will mean loss of jobs in the United States, leading to a position where these jobs need to
Economy Based on the information provided by the St. Louis Fed, the GDP indicators for the U.S. are as follows. The real GDP growth is at 3%. The trend for this indicator is upward, as it has increased steadily over the past four quarters. Real GDP growth was on a downward slide for all of 2010, however, bringing it to a very low level at the end of the year, which
Economy in the News: Tax Cuts for Business In today's current economic situation within the United States of America, citizens are increasingly interested in facets of the economy that were once able to fly under the radar with minimal notice from economic laymen. However, with the country still dealing with the effects of a massive recession, economic initiatives undertaken within the country have come under intense scrutiny from the American public,
Economy has been showing slow, but steady improvement. I expect that it will continue on this pace for the next three quarters as a result of projects that have been made for the unemployment rates, GDP growth, and inflation. The rate of unemployment has steadily decreased with the rate being 8.2% for March 2012, which was a minor increase over February's rate of 8.3%. The rate in November had been