​​​​Economics of Happiness

“One student wrote in their essay that globalisation ‘is a totally bogus lie designed to give market power to large corporations,’ and that it’s funded largely with Government subsidies.”

Who would write this in the economics assignment? We reckon it might have been Dane, or perhaps even Craig. We bet their Economics teacher Mr Overton wasn’t happy..!!

So why write this?

Well, globalisation wastes resources, with countries often exporting and importing the same products. What does that achieve, apart from more pollution, more time between harvest and consumption and more irradiation of our food?

It is much smarter in most cases to ‘Go Local’, grow your own food and support local business. Not only does this use less resources and create less pollution, it allows people to connect with each other which makes them so much happier.

We at ‘It’s Our Earth Too’ would have given an A to the essay criticising globalisation, because we agree that globalisation is a totally bogus lie.

The arguments for and against globalisation are brilliantly explored in the wonderful movie called The Economics of Happiness.

Here is a summary from the movie website.

“Economic globalization has led to a massive expansion in the scale and power of big business and banking. It has also worsened nearly every problem we face: fundamentalism and ethnic conflict; climate chaos and species extinction; financial instability and unemployment. There are personal costs too. For the majority of people on the planet life is becoming increasingly stressful. We have less time for friends and family and we face mounting pressures at work.

The Economics of Happiness describes a world moving simultaneously in two opposing directions. On the one hand, government and big business continue to promote globalization and the consolidation of corporate power. At the same time, all around the world people are resisting those policies, demanding a re-regulation of trade and finance—and, far from the old institutions of power, they’re starting to forge a very different future. Communities are coming together to re-build more human scale, ecological economies based on a new paradigm – an economics of localization.”

We can’t recommend this Movie highly enough- here is a link to their website ‘Going Local’ ‘The Economics of Happiness.’

On behalf of the Earth, let’s give a big thank you to Helena Norberg-Hodge, Steven Gorelick and John Page for making this must see film.

We strongly recommend that you at least check out the trailer.

We hope you can see that going local is a powerful strategy to repair our fractured world, our ecosystems and our selves.


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