The Challenge of Re-localisation
Feasta's particular approach to sustainability economics is to focus attention on the inadequacies of underlying systems. The development of local economies suffers from two particular adverse systemic effects - the in-built transfer of wealth from those that need money to those that already have money via the servicing of debt; and the transfer of wealth from the locality to the centre as globalisation progressively centralises economies. Local currency developers need to develop strategies that mitigate these two effects or they will remain limited in size and influence.
Patrick Andrews qualified as a solicitor in 1988 and spent many years working in the UK and abroad for large corporations, specialising in cross-border transactions. In 2002 he left the corporate world, driven by a concern about its impact on society and the planet. He now teaches and writes about alternatives to conventional ownership and governance structures, and works with business leaders devising new ways of organising. He helped develop a radical financial and governance structure for 