As we enter a new decade the future is increasingly uncertain. This paper focuses on interpreting existing research on localism and the foundational economy in light of recent discussions concerning Universal Basic Services. We argue that localisation of basic services should form the basis of a new industrial strategy for the 2020’s. Investment in the infrastructure of care, health, education, transport and communication would increase people’s capacities, capabilities and opportunities for economic and social participation. These engines of investment improve people’s quality of life at the local level and regenerate local economies.
The independent review on The Economics of Biodiversity led by Professor Sir Partha Dasgupta has now been delivered to the government. The report underlines our failure to grasp that our economies are “embedded within Nature, and not external to it.” We rely on nature to “provide us with food, water and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen production; and provide us with spiritual fulfilment and opportunities for recreation and recuperation which can enhance our health and well-being.”Read More
On 4 August 2020, a massive explosion at Beirut’s port killed at least 200 people and caused up to $15bn in damage to buildings and infrastructure – including the destruction of the public electricity company building. It was the latest blow for a country battling a 30-year energy crisis and facing chronic shortages as a result of an ageing infrastructure based around fossil fuels.Read More
In 1945, the UK’s welfare state was set up to address the want, need and misery caused by unemployment. Seventy-five years later, prior to the Covid-19 pandemic, we had almost full employment in the UK – and yet we still have massive levels of poverty and precarity experienced by people in work.Read More