A new issue of the Feasta Review was published in November 2004. "The aim of the Review is to present in a permanent form some of the thinking that has been going on in the Feasta network since the previous one appeared" says John Jopling, who edited it with Richard Douthwaite. "It is three years since the last issue and there's a lot to report."
interest free banking
by Richard Douthwaite. Expanded online edition published June 2003 with updates by Richard Douthwaite, Joanne Elliott and Caroline Whyte. Read Short Circuit online in its entirety.
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The global economy can no longer be relied upon to provide the necessities of life. Even in wealthy countries, the vagaries of free trade and the unimpeded movement of capital pose a threat not just to job security but to food and energy supplies as well.
Short Circuit proposes that each community build an independent local economy capable of supplying the goods and services its people would need should the mainstream economy collapse. It details the financial structures necessary for self-reliance, and it describes the techniques already in use in pioneering communities across the industrialized world. These inculde local currency schemes and community banks that enable local interest rates and credit terms to differ from those in the world economy. Efforts to meet local food and energy requirements using local resources are also reviewed.