This fifth section consists of the following 4 lessons:
Lesson 16 - How Globalization Undermines Resilience (12:16 mins)
Globalization is largely about the relentless pursuit of economic efficiency. And while there are benefits to efficiency (increasing profits, minimising waste), as an economic strategy it has serious costs to community resilience. Wealthier countries lose jobs for higher-paid wage laborers, as well as the skill base and the infrastructure to produce goods and equipment. The offshoring or manufacturing to poorer nations reduces domestic pollution but increases pollution in the exporting nations (which often have less stringent regulations). Economic inequality increases, both within nations and between nations. And as regions specialize, there is an overall loss of local diversity in jobs.
Lesson 17 - Economic Relocalization (10:29 mins)
The local challenges created by globalization can be partly countered by economic localization. It starts with communities supporting local business rather than giving subsidies such as tax breaks and free utility hook-ups to large, non-local businesses, as is so often done. In fact, half of all private -sector U.S jobs are still provided by small businesses, and almost all of these businesses are local. Moreover, local dollars have a multiplier effect - when spent within the regional economy, they increase local wealth, local taxes, jobs, charitable contributions, tourism, and entrepreneurship. Local economic development benefits everyone - except maybe big multinational corporations.
Lesson 18 - Social Justice (12:00 mins)
Systemic inequality reduces the sustainability and resilience of society as a whole. Capital tends to reproduce itself and become more consolidated and centralized over time - that's its purpose - but only some members of society are motivated or able to set aside money and goods for the purpose of capital accumulation. Inequality is also created, sustained and worsened over time through institutionalized racism, which results in chronic conditions of poverty and lack of access. Ultimately, promoting equity will require strategies like cooperative ownership of business and expanding the commons - the cultural and natural resources that should be accessible to all members of a society, and not privately owned.
Lesson 19 - Education (7:47 mins)
Education - particularly early-childhood education - not only sets the foundation for who we become later in life, but also shapes society as a whole. If we want a more resilient society and more resilient communities, we have to plant the seeds today in students both young and old. We need education that trains people in both community and personal resilience-building.