I never took an economics class. I don't read the Wall Street Journal. Why, then, have I joined the Transition Asheville Local Economy group?
Well, for the opportunity to learn more! And because, although Asheville pulses with local businesses, there is always need to improve the funding and support of new and sustainable efforts, especially in the areas that most concern Transition: energy, food, transportation, building.
The following article was sent to me recently; not only is 'transition' mentioned here, but there is great wisdom in the author's response to the question: 'what is an economy really for?".
Gandhian Answer to Financial Collapse
by Michael Nagler
Last Monday the Dow Jones industrial average fell 634.76 points; the sixth-worst point decline for the Dow in the last 112 years and the worst drop since December 2008. Every stock in the S&P 500 index declined.
The ancient Greeks recognized that the combined choices of multiple citizens led to unsustainable outcomes for the entire community. These observations have been termed the Tragedy of the Commons. In ancient times common land was set aside for the grazing of cattle. But each individual, seeking to maximize his own profit, grazed as many sheep as he could on the common property. Overgrazing destroyed the field so that it was no longer useful for any grazing.