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Why We Can’t Shop Our Way to Better Economy

TED Talk by Stacy Mitchell, Institute for Local Self-Reliance

In this 15-minute TEDx talk, ILSR senior researcher Stacy Mitchell argues for a new phase in the local economy movement. She notes that there’s been a resurgence of support for small farms, local businesses, and community banks, but argues: “As remarkable as these trends are, they are unlikely to amount to more than an small sideshow on the margins of the mainstream if the only way we can conceive of confronting corporate power and bringing about a new economy is through our buying decisions… What we really need to do is change the underlying policies that shape our economy. We can’t do that through the sum of our individual behavior in the marketplace. We can only do it by exercising our collective power as citizens.”