Climate Debt vs. Localization: Climate Justice in the New Economy by David Korten

Here is a great synopsis on the economic rift taking place.  What is the “New Economy” of localized sustainability versus the “Old Economy” of monetary transfer, especially as “aid”?  As we’ve seen in both the domestic U.S. and international realms of the “global south”, monetary aid does little create equity and fairness or  sustainable living conditions for poor people.

The author discusses, “by focusing on the local control and sustainable beneficial use of Earth’s real resources, the localization perspective embraces the New Economy frame. It recognizes life, rather than money, as the defining value. It recognizes that the locus of power and leadership initiative must reside with local people engaged in stewarding Earth’s resources to ensure sustainable livelihoods for themselves and their children for generations to come.”

Climate Debt vs. Localization: Climate Justice in the New Economy by David Korten.

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About C. Sala Hewitt

C. Sala Hewitt
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