From a Zombie Economy to a New Economy

The stream of Washington bailouts is a doomed attempt to revive a 'zombie economy', argues James Howard Kunstler. He believes we need to start organizing new, local economies built around growing food, making things and transporting them by rail.
November 29, 2008, 7am PST | Michael Dudley
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"All the activities based on getting something-for-nothing are dead or dying now, in particular buying houses and cars on credit and so it should not be a surprise that the two major victims are the housing and car industries. Notice, by the way, that these are the two major ingredients of an economy based on building suburban sprawl. That's over, too.

All this obviously begs the question: what kind of economy are we going to live in if the old one is toast? Well, it's also pretty obvious that it will have to be based on activities productively aimed at keeping human beings alive in an ecology that has a future. Once you grasp this, you will see that there is no reason to despair and more than enough for all of us to do.

To be specific about this new economy, we're going to have to make things again, and raise things out of the earth, locally, and trade these things for money of some kind that we earn through our own productive activities. Don't make the mistake of thinking this is optional."

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Published on Tuesday, November 25, 2008 in James Kunstler's Blog
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