Letter: Toward a Local Economy

To the Editor:

I was glad to see the article “Toward a New Economic Model: Vermont Aims for More Local, Sustainable System” in the Nov. 10 Valley News. Gwendolyn Hallsmith and Marta Ceroni, both featured in that article, will be speaking locally as part of Transition 5 Villages’ Speaker Series, “Let’s talk about COLLAPSE! and how to feel good about it.” Hallsmith, executive director and founder of Global Communities Initiative, based in Montpelier, will speak on Friday, Dec. 6, at 7 p.m at the Bugbee Center in White River Junction. She’ll discuss how we can begin to overcome economic liabilities such as the concentration of wealth, unsustainable growth and our debt-based money system, through local solutions such as state banks, local dollars and time banks.

Ceroni, director of the Sustainable Economies Program at the Donella Meadows Institute, will be speaking in White River Junction on March 7; more about this talk as the time approaches.

There’s a lot of interest in the Upper Valley, on both sides of the river, to move toward a local economy. According to Vital Communities’ Local First Alliance, “three times as much money stays local when spent locally.” These speakers will help us take the next steps toward reaping the benefits of the local economy.

This speaker series is free; donations accepted.

Kye Cochran

West Hartford


Toward a New Economic Model: Vermont Aims for More Local, Sustainable System

Wednesday, November 6, 2013

Norwich — Under our present economic system, Vermonters, like residents of other small states, suffer. Under the present system, local assets are flowing out of the state, only to be returned at a higher cost. Capital that could be building Vermont businesses is flowing to Wall Street. Government funds are being siphoned off by the largest national banks to the …