trade

The Economics of Happiness

The larger cultural campaign to fight the huge inefficiencies of global trade and foster re-localization of the economy has gotten a nice boost from a new film, The Economics of Happiness, produced by the International Society for Ecology and Culture. The film, available as a DVD, describes how “going local” is a powerful way to make our economic lives and culture more stable, eco-friendly and socially benign.

Helena Norberg-Hodge, director of the ISEC, points out the madness that tuna caught off the East Coast of the U.S. is flown to Japan to be packed, and then is shipped back to the U.S. for sale. By the lights of 18th Century economic theorists, this is considered “efficient” and “rational.” Of course, the economics of global trade only work because the vast externalized costs and hidden subsidies are ignored. Companies enjoy huge subsidies to use more energy and technologies to ship more things around the world. The costs of massive unemployment, rural migrations to cities in poor countries, and ecological destruction are “off the books.”

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NAFTA, Mexican Corn and the Commons

What happens when a market-based agricultural juggernaut invades a 9,000-year-old system of commons-based maize production in Mexico? What are the on-the-ground consequences? How have the farmers using traditional agriculture responded? Journalist Peter Canby offers a stunning account of this saga in his well-reported piece in The Nation, “Retreat to Subsistence.” Highly recommended reading.

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Stealth Treaty Seeks Strict Controls Over Internet

A sweeping international treaty to regulate how knowledge and creativity may flow on the Internet is now being negotiated. Haven’t heard of it? Funny thing, that’s exactly what the backers of the treaty want. The film, music, publishing and information industries don’t want a public debate about the issues or an open debate in Congress. So they have been working hand-in-glove with the U.S. Trade Representative to move U.S. policymaking offshore and throw a dark cloak of secrecy around everything. The next stop: draconian penalties for anyone who is accused of violating copyright law.

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Global Innovation Commons

As the world attention converges on Copenhagen climate summit, a little-mentioned issue is the proper role of patents in encouraging the development of emissions-free energy technologies. Large tech companies like to claim that they need broad patents to encourage their investment in innovative new technologies. And they are poised to make a fortune off of selling patent licenses for new "green technologies" designed to abate carbon emissions.