Towards a New Economy (II)

Towards a New Economy (II)

Written by Alfonso Elizondo

After looking at the biophysical realities, the global food system must be examined. Climate Change, intensive agriculture and oil drilling have exposed the risks of countries depending on food imports from a few production areas in the world.

There will need to be a shift towards food self-sufficiency in all countries worldwide, whether rich or poor. And dairy and meat will have to give way to new plant-based diets.

The construction industry, dominated by cement and steel, should look for alternative materials. BIOS recommends returning to long-lasting timber buildings, which can help store carbon.

The likelihood of current governments making these changes is very low, but whether or not they want it, change is already taking place. That form of capitalism will no longer be like the current one. According to Jarvesivu, economic activity will be directed at what makes sense rather than at profit, and that’s how policy will be created collectively.

This is the best scenario that can be envisaged in terms of modern state and market institutions. But none of this can be carried out without a considerable restructuring of politico-economic thought.

Addendum: It is a fact that is obvious to everyone that the new reality we are experiencing is now in a process of fundamental change like never before in thousands of years. But almost everyone is thinking based on ideas acquired during the course of their life, so they cannot accept that they have to go through the great changes that have happened in thousands of years.