"The "Great Transition" is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi's important 1944 book describing the shift from the world of the commons to that of the total market order. Polanyi argued that the coming of the market order swept aside all sorts of social arrangements that had prevailed for millennia of human history: the role of family, kinship, community and religion, the importance of moral order and other non-market principles...
The Great Rebalancing proposes a revamping of market structures so that "prices reflect true social and environmental costs and benefits" and so that the market sphere is "rebalanced alongside the public sphere and the 'core economy' - our ability to care, teach, learn, empathise, protest and the social networks these capacities create."
The Great Localisation chapter argues for "an expanded concept of 'subsidiarity' - the idea that decisions are best taken at as local a scale as possible." This means a devolution of power from the center to the edges, and a redefinition of market efficiency to encompass local, social and ecological impacts. If the economy is going to become more localized, this in turn will require many people at the local level to relearn skills that have been forgotten as markets became more concentrated and abstracted from local communities. This is the Great Reskilling, a trend that would enable a greater autonomy of communities and a return to appropriate-scale technologies..."
to read David Bollier's article published on www.onthecommons.org Aug 21, 2010, click on