There is also a vast and equally important movement toward “going local.” In fact, more and more groups are recognizing that economic localization represents a systemic solution multiplier. At a fundamental level, centralized, top-heavy systems – whether they are capitalist, socialist, or communist – cannot remain democratic. Decentralizing, or localizing economic activity, from finance to industry and farming, can restore participatory democracy while simultaneously renewing the social and ecological fabric. Instead of scaling government up, localization is about scaling business down. Business and banking need to be place-based in order to allow culture and ethics to shape commerce, rather than vice versa.
Localization is not about ending trade, nor is it about acting only locally. For grassroots localization efforts to succeed and grow in the long term, they must be accompanied by policy changes at the national and international levels. Rather than thinking just in terms of isolated, scattered efforts, we must demand government policies that promote small scale on a large scale, allowing space for community-based economies to flourish and spread.
– Helen Norberg-Hodge, Ancient Futures: Lessons from Ladakh for a Globalizing World (2009)
[NOTE – a UN committee agrees: check out this report that deserves much more attention.]