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Sci-Fi Economics Event
Relational goods, stocks over flows, systems over networks: a webinar on the strange economy of the Messina district
Messina is a small city in Sicily, overlooking the eponymous strait that serves as the island’s gateway to mainland Italy and Europe. Sicily’s economy and society have long been crippled by high unemployment, inefficient public services, corruption and organized crime. Yet, over the past ten years or so, a small cohort of about 120 enterprises in Messina, working closely together, have managed to build a solid, long-termist, fair, human-centric economy – and achieve stability and prosperity in the process. They call themselves “the Messina advanced cluster”.
To get where they are now, they had to re-invent a lot of economic concepts. The familiar ones (“maximizing shareholder value”, “correct market failures” etc.) were simply not working out for Sicily, and for their goals. So, as they re-built their local economy, they developed their own economic thinking, with concepts such as “relational goods”, “stocks as autonomy”, and “systems, not networks”. Even their innovation is weird: solar panels made out of the pulp of waste oranges? A People’s Energy Company?
In this webinar, you will learn how they built this incredible success under very difficult conditions, and how their way of thinking might help you along your own journey.
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