teodor shanin
sastyk | June 27, 2011As I gear up to finish my Adapting-in-Place book, I've been thinking a lot about the role of the informal economy in supporting a culture that can't keep growing and consuming resources at the same rate. As those of you who have been following my work for a while know, the informal economy represents the larger portion of the world economy (3/4 of all economic activity) and includes a wide range of important activities. When the formal economy fails, the informal economy is needed - and yet we have stripped the informal economy over the last decades. How to rebuild is a huge question - and…