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whatsthepont @whatsthepont
, 12 tweets, 7 min read Read on Twitter
At the @BCTrustWales Building Our Local Economies event
An effective local economy is critical if you want a strong community via @BCTrustWales
You can’t argue with that
Via @nmcinroy
@CLESthinkdo are based on the Greek word ‘oikonomia’
Household Management.
‘The economy is about our households and communities, we need to construct our own economies that work for our communities’
Bonding Social Capital
Just in case you don’t know either...
Getting family and friends to work for your small business.
A barrier to the Foundational Economy working.
Bridging Social Capital is better = real employees
Just to clarify
The Foundational Economy is: The basic stuff you need to live (not high end fripperies)
Getting this right goes back to what @nmcinroy had to say about economics as ‘household management’
Just realised there’s a # for this
#OurLocalEconomies
Thread above
#OurLocalEconomies
I know it’s bad form to push your own blog, but there’s some good stuff in the Basque Country that looks like what we are talking about. eg
whatsthepont.com/2018/05/26/gur…
#OurLocalEconomies
@TheCottam talking about the challenge of automation and AI.
Learning from GUREAK (link above). They are taking it very seriously as manual work is critical to what they do.
Finding a niche too difficult to automate and adding value part of answer
This is interesting
X3 Community Councils collaborated to form the Ogwen Partnership @SiopOgwen
Community ownership, now developing large scale hydro power £495k raised as a community share offer.
Wondering if this sort of community led hydro scheme might work for things like tidal lagoons?
Just saying...
#OurLocalEconomies
Social Return on Investment (SORI) of the Ogwen Partnership - first three years, without the hydro part added
£4.71 benefit for every £1 put in
Massive Small
Interest concept ht @RobChapman_Co
Not heard this one before, worth a look
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