ELM STREET ECONOMY

Contemporary economic movement encouraging self-sufficiency either on a regional, city-wide, or neighborhood-wide basis. This movement rejects globalization and cultivates several alternative ideas instead such as renewable energy, reducing personal consumption, and using alternative ways of exchange including bartering. It presumes an increasingly complex and globalized economy is intrinsically unsteady and higher economic security and well-being can be attained by eliminating economic dependence on others beyond a local community.

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