Basic Features of an Alternative Cosmo-Local Economic Order

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* Thesis: Cosmo-Localism - Basic features of an alternative economic order. By Ralph Horat. Thesis University of St. Gallen, November 2019

URL =


Contents

Ecological crisis, growth imperatives and disruptive, system-immanent technological forces

The threat of ecological Armageddon

Drivers behind the growth momentum

Criticism of growth

Resolution levels of the growth analysis

Human needs

Explanation of growth dynamics with the supply-demand loop

Explaining the growth dynamic with the consumption-employment loop

Role of the credit system and money creation

Explanation of growth dynamics with the causal loop diagram

Disruptive effect of technological progress on today's social system

Near-zero marginal cost theory

Automation

Self-organised management of natural resource systems

Terminology and classification of goods

Terminology

Classification of goods

The tragedy of the commons

The tragedy of the commons and the free rider problem

State, market or commons

Commons - a third way beyond the market and the state

Initial question and assumptions

Benefits of cooperative action and challenges in the process of self-organisation

Successful practices of self-organisation

Challenges and limitations of the approach

Challenges in the 21st century

Limits of Ostrom's approach

Economic logics of action in the subsistence economy and capitalist market economy

Classification of reciprocal relationships

Reciprocal relationships in the subsistence economy

Conceptualisation

Reciprocity in production

Mutuality in exchange

Eco-villages as self-sufficient communities of the 21st century

Reciprocal relationships in the capitalist market economy

Terminology

Transition from a self-sufficient to a third-party supply company

Reciprocity in production

Mutuality in exchange

Objective value vs. subjective value

Alternative money and barter systems

A brief history of money

Today's monetary system

Terminology

Basic functions and properties of today's money

Money creation

Description of the current monetary system based on the comparative framework

Alternative monetary systems

Local/regional currencies

Cryptocurrency

Central bank digital currency (CBDC)

Exchange systems

Economic exchange ring

Time banks

Monetary support and reward systems

Food stamps as a state benefit

Amazon Coins as a platform-based voucher system

Outlook

Alternative forms of organisation

Alternative financing modalities

Crowdfunding

Initial Coin Offerings (ICOs)

Co-operatives

Employee cooperatives

Cooperative development organisations

Platform co-operatives

Social entrepreneurship as a transformative force

Comparison of alternative forms of organisation

Digital network production

Open culture movements

Open standards

Commons-based peer production

Institutions in CBPP

Decentralised high-tech infrastructure

Decentralised supply with renewable energies and P2P energy trading

Decentralised information production with 3D printing

Decentralised and urban food cultivation

Circular economy

Circular economy model

Circular economy at local level

Cosmo-localism

Paradigm shift

Cosmo-localism as a new understanding and experience of locality and universality

Tension between locality and universality

Cosmo-localism as a new experience of locality and universality

New understanding of the individual, property and labour

New understanding of the individual

New understanding of ownership

New understanding of work and value

Cosmo-local economy

Cosmo-local economic policy strategy

Cosmo-local production

Cosmo-local resource management system & logistics internet

Transregional sharing networks

Cosmo-localism from a business perspective

Comparison of a capitalist market economy vs. cosmo-localism

Outlook

Cosmo-localism as a model for development aid?

Reference to the development theory discourse

Cosmo-localism as an alternative development path?

Potential of cosmo-localism in affluent countries

Transition and conclusion