What Economic Crisis?

Have you ever thought something might not be quite right with the economy?

That may sound like an obviously dumb question to be asking right now, but many people were asking this question when Transition was first getting going back in the more buoyant years of 2005 and 2006.

We all felt a lot more prosperous back then, but many people were concerned that our economy lacked resilience. People were saying how the economic system on which we now depend was poorly equipped to deal with shocks such as sudden rises in oil price or energy shortages.

Our economic growth, as it is widely understood, is utterly linked to increase in energy use. It always has been. Transition challenges the idea that we need to get back to economic growth, in conventional terms. Transition proposes new ways to regenerate the economy by making things much more local again and really cutting down on how much our businesses and services depend on fossil fuels. This could be hugely economically advantageous to our local communities, with significant potential for more local skills and employment.

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