Saving the Planet by Ending Our Fixation with Economic Growth

Normal is Over 1.1: Solutions to Reverse Global Ecological Decline

Directed by Renee Scheltema (2019)

Film Review

What intrigued me most about this documentary, is that it validates claims the economic downturn preceded the WHO declaration of the COVID 19 pandemic in March 2020. I also like the way Scheltema expands on the present ecological crisis to include mass species extinction, the global economic crisis and increasing inequality, as well as catastrophic climate change.

The film uses the 1973 Club of Rome report Limits to Growth as her point of departure. The latter employed MIT mathematical modeling to predict that resource depletion would force global economic growth to end some time between 2000 and 2010. Just as they predicated it ended (everywhere but China) with the 2008 global financial crash. the latter unleashed an epidemic of unemployment, homelessness and poverty (especially among young people and minorities) from which the developed world never fully recovered.

Scheltema follows this introduction with a very elegant explanation by economist Charles Eisenstein linking the present growth imperative to our debt-based monetary system. At present nearly all our money is created by private banks as loans. Because we currently have no other way for money to come into existence, businesses and individuals must continually seek new products and services (including their own labor) to sell to repay ever increasing public and private debt levels. This frenzied drive to produce, in turn, drives ever heavier resource extraction.

The solution? Scheltema uses the bulk of the film to highlight the efforts of high profile sustainability champions:

• Vandana Shiva – fighting to restore lower cost, less polluting natural organic farming through the Navdanya Institute she founded in India)
• Beth Terry – founder of My Plastic Free Life)
• Reverend Billy – founder of the Church of Stop Shopping
• The “Lord of the Flies” – one of numerous scientists pioneering the use of fly larvae for organic waste treatment
• African activists fighting to reverse desertification in the sub-Sahara through tree planting
• Michael Baumgart, co-founder of the Cradle to Cradle upcycling movement
• Kate Raeworth -British economist campaigning for a new distributive and regenerative economy *
• Lester Brown – US environmental analyst who calls for 80% reduction in CO2 by 2030
• Bernard Lietaer – Complementary (local) currency champion

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*Raeworth refers to her new economic model as the Donut Economy. See Kate Raworth: A New Economic Model Based on Planetary Boundaries Rather than Continual Growth

Public library members can view the film free at Kanopy. Type Kanopy and the name of your library into your search engine.

 

Catalonia: Economic Reform from the Ground Up

Autogestio: Adventures into the New Economies of Catalonia

Enfable (2015)

Film Review

Autogestio* begins with an update on Spain’s modern Robin Hood Enrique Durand. In 2008, Durand borrowed a half million pounds (around $700,000) from 38 banks and donated it to various Spanish anti-capitalist organizations. When he defaulted on the loans, the banks took him to court, where he called numerous expert witnesses to explain no banks had lost any money because they created the loans out of thin air. Despite the fact this is where all money comes from – banks create it out of thin air – the court dismissed the witnesses and Durand went into hiding.

The documentary is based on a June 2015 visit Devon activists made to Durand’s home region of Catalonia to study Cooperativa Integrale Catalonia (CIC). The latter is a coalition of work and and mutual aid co-oporatives created by Catalonian activists seeking to build an alternative economy outside the corporate money system. Many of the activities CIC engages in are technically illegal, such as occupying abandoned land and buildings as living space or to grow food, start cooperatives or provide various community services. However through the years, they have discovered a number of creative ways to turn these squats into legal tenancies.

At present there are 26 local currencies in use in Catalonian communities. Some have been created by CIC and some by other eco-groups seeking to strengthen their local communities. The beauty of local currency is, unlike fiat (bank-created) currency, it can’t be spent outside the community that creates them. This means it can’t disappear into the pockets of billionaires or distant corporations.

In addition to promoting the use of local or “social” currencies for local transactions, the CIC promotes the use of Fair Coin for national and international transactions. Fair Coin, a type of cryptocurrency,** is an eco-friendly alternative to Bitcoin.

The filmmakers challenge the popular misconception that the Bitcoin isn’t central controlled like fiat currency. In actuality, Bitcoins are controlled by a handful of people who have computers powerful enough to “mine”*** Bitcoins, by unlocking the algorithms needed to create new block chains. These and other individuals are constantly speculating in Bitcoins, driving up their value. Because they can’t be traced, they are also widely used on the Dark Web to pay for illicit drugs and other activities (such as hired assassinations).

Unlike Bitcoins, it’s impossible to speculate in Fair Coins because their value is carefully regulated by a network of cooperatives to main a relatively stable value. Fair Coop, the group that monitors and regulates Fair Coins, was started by Enrique Durand and anyone can become a member.

At present Catalonia is seeking independence from Spain – via national referendum or otherwise. See Catalonia Independence Referendum

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*Autogestio is a Catalan word meaning collective self-management.

**A cryptocurrency is a digital or virtual currency that uses cryptography for encryption for security.

***Bitcoin mining is the process through which bitcoins are released into circulation. It involves solving a computationally difficult puzzle to discover a new block, which is added to the blockchain, and receiving a reward in the form of few bitcoins.