Walkable Towns are Economically More Productive

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Any visitor to a North American city knows that a lot of the geography is designed for single occupant car-based transportation. Anybody who’s spent months in any of these places knows that this car-focused design has been an unmitigated disaster. People are dying, the planet is being killed, and so many other problems stem from building cities for cars.

That badness all being acknowledged, we are at turning point of urban design. The evidence for making our streets for pedestrians over cars is overwhelming; cities which life easier on people are witnessing demonstrable benefits. Those benefits are quantifiable and more research comes out every month highlighting the benefits of desiring for people. Over at Strong Towns they have compiled a great article outlining some of the benefits of pedestrian friendly design.

The cost of paving sidewalks for people is minuscule compared with the cost of paving wide roads for cars, installing traffic signals, paying the salaries of traffic cops, etc. Even the cost of providing enhancements to pedestrian space such as trees and benches pale in comparison to what we spend when we build around cars.

Furthermore, the wear and tear caused by foot traffic is also negligible compared with the wear and tear caused by car and truck traffic, meaning that long-term maintenance costs for walk-friendly areas are also much lower than for auto-oriented places. (Ironically, most cities spend exponentially more on their roads while utterly neglecting their sidewalks.)

In short, a simple sidewalk could serve millions of people traveling on foot for decades, even centuries, with only a small amount of up-front investment and minimal maintenance costs for the city — yet it would support dozens or hundreds of local businesses. The same length of street designed primarily for cars would cost exponentially more to build and keep up and would only serve a handful of businesses.

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Learn Economics for Free in the Most Effective Way

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Economics is a large field filled with nuance – and assumptions. One of those assumptions is that environmental concerns and inequality are secondary to that of economic concerns. These assumptions are questioned in a new course prepared by an international team of economists called the core team. Their work is available for anybody around the world to download and use for free, unlike traditional economic textbooks. You can check it out at The Economy.

Traditional, wallet-busting introductory textbooks do cover topics like pollution, rising inequality, and speculative busts. But in many cases this material comes after lengthy explanations of more traditional topics: supply-and-demand curves, consumer preferences, the theory of the firm, gains from trade, and the efficiency properties of atomized, competitive markets. In his highly popular “Principles of Economics,” Harvard’s N. Gregory Mankiw begins by listing a set of ten basic principles, which include “Rational people think at the margin,” “Trade can make everybody better off,” and “Markets are usually a good way to organize economic activity.”

The core approach isn’t particularly radical. (Students looking for expositions of Marxian economics or Modern Monetary Theory will have to look elsewhere.) But it treats perfectly competitive markets as special cases rather than the norm, trying to incorporate from the very beginning the progress economists have made during the past forty years or so in analyzing more complex situations: when firms have some monopoly power; people aren’t fully rational; a lot of key information is privately held; and the gains generated by trade, innovation, and finance are distributed very unevenly. The core curriculum also takes economic history seriously.

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Capitalism Will End, Celebrate What Comes Next

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The damage that wealthy bankers did to the economy back in 2007/08 is still with us, and that has led to a whole generation questioning the validity of modern hyper-capitalism. That same germination witness ongoing environmental destruction and the erosion of labour rights (amongst a litany of other ills) all for the goal of getting more profit. The rejection of the prevailing thought has caused a few people to be scared of the change to come.

Don’t be afraid of the future, embrace it. Be part of what you want to see come true by examining what’s to come through exploration of what already is.

Fortunately, there is already a wealth of language and ideas out there that stretch well beyond these dusty old binaries. They are driven by a hugely diverse community of thinkers, innovators, and practitioners. There are organizations like the P2P (Peer to Peer) Foundation, Evonomics, The Next System Project, and the Institute for New Economic Thinking reimagining the global economy. The proposed models are even more varied: from complexity, to post-growth, de-growth, land-based, regenerative, circular, and even the deliciously named donut economics.

Then, there are the many communities of practice, from the Zapatistas in Mexico to the barter economies of Detroit, from the global Transition Network, to Bhutan, with its Gross National Happiness index. There are even serious economists and writers, from Jeremy Rifkin to David Fleming to Paul Mason, making a spirited case that the evolution beyond capitalism is well underway and unstoppable, thanks to already active ecological feedback loops and/or the arrival of the near zero-marginal cost products and services.This list barely scratches the surface.

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Booming Business Boast Sustainability

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Business that adapt to climate change are more likely to be successful in the coming years, and business that basically cut their carbon footprint to zero will thrive. This is the thinking behind a growing field that helps companies reduce their consumption and waste while increasing their profits. With the likelihood of global warming reaching two degrees above normal companies will have to change their practices regardless of their industry. It’s good to see that some business are planning beyond the next quarter.

“Sustainable strategy is just that — it’s a strategy. It’s not a function, it’s not an industry, it’s not just recycling. That’s a very, very small piece of a much bigger movement for business,” Loinaz says. “We’re a launching pad for future industry leaders to solve the world’s problems, particularly the most pressing social and environmental ones.”

The health of a company’s labor force is inextricably linked to its environmental practices. Oftentimes the people who extract the resources companies use are underrepresented, marginalized, or disenfranchised. Nearly all smartphones, for instance, are made from mining rare metals and rare earth elements. As investigations show, it’s incredibly dangerous work that often requires miners — many of them children — to hand-dig tunnels hundreds of feet underground, with few safety precautions in place. Local communities are often exposed to poisonous levels of toxic metals and waste as a result.

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It’s Not the 99%, Class is About the Top 80%

happy workers in a factory

Since the Occupy movement in 2011 there has been conversations about the 99% versus the 1% of wealth holders. The idea then was to show the massive inequality between those in the top 1% of society and everybody else – sadly that inequality has only grown. The rich get richer and everybody else gets left behind.

In order to see real change we need to change the discourse from targeting the 1% to talking about the top 20%. Richard Reeves writes in the New York Times that if we’re going to address income inequality we need to look at all the ways society is structured to help the top quintile at the expense of everybody else.

There’s a kind of class double-think going on here. On the one hand, upper-middle-class Americans believe they are operating in a meritocracy (a belief that allows them to feel entitled to their winnings); on the other hand, they constantly engage in antimeritocratic behavior in order to give their own children a leg up. To the extent that there is any ethical deliberation, it usually results in a justification along the lines of “Well, maybe it’s wrong, but everyone’s doing it.”

Progressive policies, whether on zoning or school admissions or tax reform, all too often run into the wall of upper-middle-class opposition. Self-interest is natural enough. But the people who make up the American upper middle class don’t just want to keep their advantages; armed with their faith in a classless, meritocratic society, they think they deserve them. The strong whiff of entitlement coming from the top 20 percent has not been lost on everyone else.

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