Alternatives to the Growth Economy — Examples from the Real World
Channel: peakmoment
Date: 2016-09-26

The growth economy is historically relatively recent, and is now consuming 1.5 Earths and growing. Compound interest is sucking the lifeblood out of the real economy, from households to countries. Mike Lewis, co-author of The Resilience Imperative, tells the story of the successful JAK cooperative Bank in Sweden, which is based on saving on behalf of others and uses only simple interest. It’s one example from the book which illuminates “alternate pathways to move from a growth imperative to a resilience imperative… It presumes we will transition ourselves back to one Earth and find a different way of dealing with a number of ways we meet our basic needs — whether it’s with food, energy, shelter, land, or finance (an important part of the problem).” Don’t miss his stunning hungry hamster example of compound interest at work! Episode 315  [http://communityrenewal.ca]

For info on the JAK bank: https://en.wikipedia.org/wiki/JAK_Members_Bank

Thanks for being in the Peak Moment viewer community!

Subscribe to peakmoment channel on YouTube for more great shows on grass roots pioneers forging a post-growth culture. 

Subscribe to email news or donate at http://www.peakmoment.tv.
 
Visit Peak Moment on:
Facebook: http://www.facebook.com/pages/Peak-Moment-TV/113511867700 
GooglePlus: https://plus.google.com/+peakmoment/posts
Janaia on Facebook: http://www.facebook.com/janaia.donaldson
Twitter: https://twitter.com/PeakMomentTV  (handle: @peakmomenttv)