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Radio 2050 - Michael Shuman - Try Local
Manage episode 432180232 series 3590793
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Michael Shuman discusses the importance of localization in economic development and provides steps to implement localization. He shares success stories of local investing and highlights the obstacles that hinder localization. Michael also talks about his current projects, including the Locopedia initiative. He emphasizes the need for individuals to shift their behavior and invest locally, and expresses hope for the future through the engagement of younger generations and indigenous communities. He encourages citizens to engage with their local government and advocates for the creation of local investment funds.
Takeaways
● Localization promotes economic development by focusing on local ownership and self-reliance.
● Shifting 10% of spending and 1% of savings into local businesses can have a significant impact.
● Investing locally not only benefits individuals but also contributes to the vibrancy and growth of the community.
● Engaging with local government and advocating for the creation of local investment funds can support localization efforts.
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