Deep Economy: The Wealth of Communities and the Durable Future

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Deep Economy: The Wealth of Communities and the Durable Future

4.08 of 5 stars 4.08 · rating details · 2,156 ratings · 359 reviews

The bestselling author of The End of Nature issues an impassioned call to arms for an economy that creates community and ennobles our livesIn this powerful and provocative manifesto, Bill McKibben offers the biggest challenge in a generation to the prevailing view of our economy.

For the first time in human history, he observes, “more” is no longer synonymous with “better”...more

Hardcover, 272 pages

Published March 6th 2007 by Times Books (first published January 1st 2007)

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Apr 09, 2008 Kirk rated it 5 of 5 stars · review of another edition Recommends it for: Everyone who lives in a capitalist consumer based economy

Everyone in the world should read this book and everyone who lives in a consumer obsessed society like the United States should be forced too. I'm only half way through this book and already know that this is possibly one of the most important books I have read in my life. Not only does it clearly and logically present everything that is wrong with our obsessiveness with producing more and doing it faster, which most every socially conscious person is already aware of, it also lays out very clea...more

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Jul 19, 2009 Kris rated it 1 of 5 stars

Shelves: econ

I had very high expectations for this book, perhaps that's why I ended up disliking it so much. I almost want to read it again just so I can tally up all of its faults. First off, the author should have had an economist review it. For being a book about the economy, I found its treatment of economics very poor. Anyone with a different viewpoint on economics could poke car-sized holes through most of his arguments. The vast majority of his evidence for various points he tries to make is anecdotal...more I had very high expectations for this book, perhaps that's why I ended up disliking it so much. I almost want to read it again just so I can tally up all of its faults. First off, the author should have had an economist review it. For being a book about the economy, I found its treatment of economics very poor. Anyone with a different viewpoint on economics could poke car-sized holes through most of his arguments. The vast majority of his evidence for various points he tries to make is anecdotal, and towards the end he says something like "If all of this sounds anecdotal to you, that's because it is," and then going on to say that that's the best evidence he's got. Maybe that's true from the very limited point of view he's taking, but not if you take a wider look at his topics. Not that his conclusions are completely wrong, but the argument he makes for them is simplistic at best. I think the author was trying to stay away from sounding leftist or even liberal, and trying to appease the right, and in doing so watered down his material greatly. The book is more about the environment and culture than it really is about economics, but at least he had the ability to see that economics is underlying the root of our problems with those issues.

One of the parts that actually made me laugh out loud is towards the beginning when he writes, "Obviously, markets work." Yes, that is so obvious. Especially obvious to all the poor people around the world that he talks about so much. He tries to critique capitalism and at the same time praise it for how great it is. He laments that it's too global, not local enough, without realizing that it's really the inherent nature of capitalism to become big and do what it's currently doing to the world. But if only we could rein it in just a little, everything would be fine. Right. He constantly looks back to just a little bit in the past when we didn't live in such a globalized society with many of our recent technological advances, but really fails to see that we'd end up right back where we are today if we went his route of *only* reforming and changing things a little bit.

The long and short of it is, if you already know that the environment is in peril, that the U.S. is too individualistic (or at least likes to pretend so), and that globalization has done great harm to local communities, you can avoid wasting your time with this book. (less)

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Sep 24, 2007 Melissa Robinson rated it 4 of 5 stars

McKibben's premise is fairly simple. Our current economic model is based on encouraging as much growth as possible. McKibben contends that the equation more = better is simply not true any longer. Encouraging growth at all costs has been the American way since the Industrial Revolution and it served us extremely well for quite awhile. Additionally, it is still an important economic model for developing nations who haven't yet reached a comfortable standard of living for most of their citizens. B...more

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Sep 07, 2007 Doug Forrester rated it 4 of 5 stars

When I saw the title "Deep Economy" I had a sort of fascination as if I were watching a train wreck.

Surely it would be pushing for radical socialism for the sake of radical environmentalism. Instead Bill McKibben wrote a book I'm still grappling with.

His first line of attack is economic growth itself.

First he argues economic growth is unsustainable. This is his strongest argument in the short-term but his weakest argument over-the-long haul.

There are alternatives to fossil fuel when it becomes t...more

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Apr 06, 2007 Alexandra rated it 2 of 5 stars Recommends it for: over-eager liberals

I really enjoyed the chapter on local food and McKibben's analysis of the heavy oil inputs into our subsidized corn-fed food chain. Otherwise, this is a cliche and shrill regurgitation of the already nauseating _Bowling Alone_, Michael Pollan's excellent _Omnivore's Dilemma_, and all anti-Wal-Mart sentiment that comes from overeducated champagne liberals in small towns like Middlebury, VT, Boulder, CO and Ann Arbor, MI.

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Apr 14, 2009 Quintessential rated it 4 of 5 stars

Throughly engrossing, thought-provoking and full of great ideas about how to change your life in a world of globilization, Bill McKibben's book might just be in my Top Ten Life-Changing Books of all time. His thesis is simple: consume less, buy local (grow your own if you can), become part of a community and live with Thoreavian purpose. He describes with frightening clarity how large corporations and the government have destroyed the little guy and stripped us of what makes our lives most meani...more

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Mar 13, 2009 David rated it 5 of 5 stars Recommends it for: everyone

Recommended to David by: Janelle

Shelves: 2009, nonfiction, science

Deep Economy will force you to reevaluate your purchasing patterns and (hopefully) your consumer behavior. He illustrates that the current economic model most nations are using may end up with many more losers than winners. While the world is growing at an enormous rate, we are consuming at an enormous rate. He illustrates how unsustainable this is for the US and the arsenal of countries on the verge of becoming developed.

In exchange, he offers a new way of looking at economics. He develops a mo...more

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Feb 02, 2009 Justin rated it 5 of 5 stars

The rise of a new economics. That is what McKibben succeeds in describing through Deep Economy. After years of the 'Cult of Growth' dominating modern US politics, the Vermont environmental writer argues that its time we invest in our communities. Perhaps the wonders of globalization argued for by the likes of Friedman, Krugman and countless others are really just creating an illusion of wealth, economic growth that is merely overshoot and and consistent undermining of the communities that build...more The rise of a new economics. That is what McKibben succeeds in describing through Deep Economy. After years of the 'Cult of Growth' dominating modern US politics, the Vermont environmental writer argues that its time we invest in our communities. Perhaps the wonders of globalization argued for by the likes of Friedman, Krugman and countless others are really just creating an illusion of wealth, economic growth that is merely overshoot and and consistent undermining of the communities that build a society.

McKibben comes from the position of a political neutral, stating that Democrats and Republican are handicapped by the obsession with the unrealizable ideal of unlimited growth. But what does a non-growth based economy look like? Maybe it looks a little bit like today with Keynesian theories as our last effort to stave off the collapse of a system built on making money out of nothing but the exchange of personal values and community structures for a few percentage point increases in GDP.

Maximizing utility has brought about many changes in the US landscape,a prime example being the consolidation of local media among corporations. When 2-3% is a reasonable return rate on a business operation, especially for news media, the "shareholders" of major news giants like McClatchy and ClearChannel have demanded more, degrading the quality of countless news organizations and damaging the communities we thought our economics were helping. And as cited in Deep Economy when one South Dakota town contacted local radio to help out in an emergency, repeaters for ClearChannel stations don't really help to get messages out to the public.

The other problem with our society is that consumption reigns king, a key portion of our GDP (oh... only about 70% or so). This consumption is quickly depleting material inputs and releases damaging externalities accelerating climate change and making industry suffer in the long term. Simply put, we get paid too much, work too much and buy too much.

There is an alternative and that option is exemplified through the leadership of cities like Curitiba, Brazil, communities that start from the bottom up. The solution is a society that builds cost effective bus rapid transit, values pedestrians over drivers, and the impoverished as citizens instead of degenerates. Societies such as these exist but aren't as "efficient" as most investors would like. And duly so, even Bhutan has rejected western ways in measuring happiness instead of GDP a method that might have far more actual value.

A point is reached in every society where certain people have enough and more simply doesn't make them happier. The US has arrived at the point where so much more is making us much unhappier. Becoming unhappier with longer working hours, less time with family and bigger more isolating possession all while the people we sweep under the rug for our societal needs are beginning to lose their jobs, turning into hopeless machinations of society.

Many economists cite the fact that severe economic times result in new theories of economics. Perhaps our rulers will heed the advice of McKibben and begin to invest in communities... communities that are more than just excuses to be shovel ready. (less)

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Jan 07, 2009 Stop added it

Shelves: interviewees

Read the STOP SMILING interview with Deep Economy author Bill McKibben:

(This interview originally appeared in the STOP SMILING Gambling Issue)

In 12 books and countless magazine articles written over the last quarter century, Bill McKibben has tracked and suggested a way to alleviate the impact of human life on the natural world. In doing so, he has emerged as one of our most trenchant environmental writers and campaigners: Over the past few years, he has organized the largest demonstrations agai...more

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Jan 06, 2009 Nate rated it 4 of 5 stars

McKibben does a good job I think of confronting the assumption that growth is necessary for the economy. The cult of growth, which has held thorough control over media and government perspectives on economic policy accepts no counter policy for debate. Alternative measures to "save" the economy may be discussed, but few politicians or media mouthpieces dare to question the necessity of growth altogether.

The cult of growth claims that GDP growth provides progress, which makes the expansion of wea...more McKibben does a good job I think of confronting the assumption that growth is necessary for the economy. The cult of growth, which has held thorough control over media and government perspectives on economic policy accepts no counter policy for debate. Alternative measures to "save" the economy may be discussed, but few politicians or media mouthpieces dare to question the necessity of growth altogether.

The cult of growth claims that GDP growth provides progress, which makes the expansion of wealth possible. Growth supporters think that the western European model could be spread to the developing world, providing them with the same kind of "standard of living" familiar in America. But this view ignores the vast material inputs required to sustain constant growth. Using up natural resources, from rainforests to clean air, wastes a kind of capital resource. There is a limited amount that can be degraded. The perpetual growth machine ignores its resource use, and McKibben provides many examples of the consequences of this kind of oversight. If you consider resources used, the "miracle" economies of the developing world don't look nearly so hot. Growth that uses capital resources raises the stakes, meaning when the system fails, it has to fall harder and further.

Where McKibben does not yet tread is the question of whether we have a right to do all this? I think we could only justly claim usufructory rights over the earth--that is to say, only uses that leave as much and as good for future generations can be justified. Use of limited natural resources like fossil fuels is only justified if we can provide a replacement energy source for posterity. McKibben leaves this argument to others, for now.

It is said that growth is a vehicle to greater quality of life, but this is not true in the present incarnation of globalization (where inequality absorbs much of the benefit, especially in the developing world.) The rising tide lifts few boats, it turns out. "Free Trade" prevents structures that would seek to tie justice to growth. It favors those with access to great resources, like loans of fiat currency over those who are outside the loop.

McKibben's book is mostly useful for its examples and frequent citation, as he summarizes the problem in several areas, including food politics and the food relocalization movement. (less)

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Oct 25, 2008 Jessica rated it 5 of 5 stars

I picked up Deep Economy as a sort of economic primer, hoping to become a bit more fluent in the language of acquisitions and nets and grosses. I also hoped that Bill McKibben would help me find a better response to those who still haven't converted to the cult of buying local. And in the first chapter, Bill McKibben clarifies GDP and GNP just enough to then claim that economics is much, much more than acronyms that try to measure the quest for monetary growth. Part personal challenge, part econ...more

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Feb 05, 2009 Bookmarks Magazine added it

In offering straightforward solutions to the looming environmental crisis, Bill McKibben has marched directly into the middle of a heated debate. Critics' personal beliefs and politics shaped their reviews, which described Deep Economy as, alternately, a "masterfully crafted, deeply thoughtful and mind-expanding treatise" (Los Angeles Times) and a "book-length sermon on what is wrong with the way we live" (San Francisco Chronicle). Some reviewers found McKibben's solutions practical and the auth

...more

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Nov 22, 2008 Aaron rated it 5 of 5 stars Recommends it for: anyone rethinking how we do business in relation to the environment and community

McKibben explores the moral consequences of hyperindividualism where ones own pursuits limits the freedoms of others. He shows how we are literally consuming ourselves out of existence.

He documents the trend of our culture moving towards a community oriented life and demonstrates that our current economic models do not adequately account for our happyness and quality of life.

This is not a doom and gloom book, rather the author points to emerging trends that suggest that we our slowly moving away...more

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Feb 10, 2009 Charlie rated it 4 of 5 stars Recommends it for: unemployed MBAs, members of the Green Party, environmentalists

Shelves: non-fiction

McKibben presents a view that I have increasingly found myself taking lately: why can't we just have enough instead of making ourselves crazy and our world toxic struggling to have more? He does a wonderful job of making the philosophical argument for slowing down. I don't have sufficient economic knowledge to judge his arguments in that realm. I found his anecdotal evidence compelling, but I could not easily discern how these small projects and groups might have scaled up. Also, I would have li...more

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Mar 15, 2009 Alex rated it 4 of 5 stars

Very good book. It puts together and links multiple topics that usually stand alone in one book (ie Omnivores dillema, Small is beautiful). Makes the point that the majority of the world is driven by large scale economics, growth and one size fits all solutions. He questions this and feels it is important to incorporate the happiness of populations as a measure of how the world is progressing. Claims that people are "hyper individuals" and that through reforming communites people can lead lives...more

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Mar 02, 2013 Brian rated it 3 of 5 stars · review of another edition

Shelves: economics

The twin global crises of economy and environment are taking a devastating toll on the population and the planet. It is impossible for most economists to imagine a healthy that does not involve growth. The small minority of economists who see a steady state economy as sustainable have had a difficult time convincing not only other economists but even critics of the dominant paradigm that it is a practical solution.

Bill McKibben has been writing on these issues since [i]The End of Nature[/i] appe...more

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May 13, 2012 Matt rated it 4 of 5 stars

Shelves: library

This is a book of journalism, not political or economic analysis. It does a great job of bringing the reader's attention to the links between the environmental and moral limits to endless capitalist growth, and the essentially social or psychological impulse to reconstruct society on a smaller, more personal scale. But as none of the factors McKibben suggests we need to balance are conveniently measurable in dollars (pretty much the only universal measurement left), he's left with examples, stor...more

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May 07, 2010 Adama Fall rated it 3 of 5 stars

12) are you puzzling or confused about anything in the story? what is it that confuses you, and why do you find it confusing
in on part, he says that the opulent country expense millions and millions to save the environment clean:''the air fresh''. he says also that more we get rich more we get dirty. he means that the wealthy nation damage the environment more tha the poor country. i think there is a little paradox because rich countries try to save the environment clean by using millions but en...more

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Mar 17, 2010 Luke rated it 3 of 5 stars

I almost gave up on this book several times. I'm just not a big fan of the author's writing style. Endless streams of anecdotes that in some cases don't even seem to relate. Paragraphs that go on for full pages, and chapter 50+ page chapters. It was not an easy read for me, not because of language, but because of structure and flow.

I liked the book for it's ability to add anecdotal evidence to an idea I already believed in - that economics does not dictate well being. Even though I agree that o...more

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Dec 01, 2009 William rated it 4 of 5 stars

Towards the end of the book, McKibben says something to extent of, "well, you might say this is all anecdotal." And, for me, too much of the book was just that. Many of his arguments were based in popular science, almost like they were meant to convince anyone who was reading, even if they didn't have much background knowledge about what he was writing about. Very little by way of exhaustive, highly structured argument. Yet, the underlying truth that McKibben is writing about is very powerful an...more

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Jul 03, 2012 Jacqui rated it 4 of 5 stars

Economic growth is a goal that has long set the agenda for individuals, families, all levels of government and NGOs. In Deep Economy, Bill McKibben argued that this “cult of more” has outlived its usefulness, at least in the more developed nations. Even more critically, it has outlived its feasability, as the human race is already overwhelming the carrying capacity of the Earth.

McKibben covered much of the recent happiness research and concluded that our continuing striving for more material goo...more

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Feb 10, 2012 Michael Cremin rated it 5 of 5 stars

When a green thinker and activist can find common cause with a conservative Catholic, you know something big has to be going on (more on that in a moment). Bill McKibben is one of my favorite writers, and one of my favorite people. He's the founder of 350.org, a highly effective environmental organization, as well as the author of The End of Nature, which--20 years ago--introduced the world to the idea of climate change. His writing style is informative, funny, and filled with both insight and w...more When a green thinker and activist can find common cause with a conservative Catholic, you know something big has to be going on (more on that in a moment). Bill McKibben is one of my favorite writers, and one of my favorite people. He's the founder of 350.org, a highly effective environmental organization, as well as the author of The End of Nature, which--20 years ago--introduced the world to the idea of climate change. His writing style is informative, funny, and filled with both insight and wisdom. Having seen him speak (on Youtube) and heard him on various podcasts, I can plug his voice into my head when I read his writing. This guy is a Methodist Sunday school teacher who understands what's happening to our planet, and why, better than anyone else I know about. He's never a scold, and he's never gloomy (well...almost never). McKibben, simply put, is a joy to read.

Deep Economy was written a year or two before the beginning of the Great Recession, so it's interesting to see how much of what McKibben wrote about has proven to be true. Essentially, the author tells us about how unsustainable our current economy is, and how vulnerable we are to large-scare shocks from environmental catastrophes, from financial calamities, and from fluctuations in energy costs. Most of the book is spent discussing and describing alternative economic configurations--co-ops, collectives, hyper-local food production, etc. McKibben writes a great deal about how wealth is not leading to happiness for many of us (and he's got the data to back it up; this is not the first, or the second, or third time I've seen these sorts of figures. They are compelling). Likewise, he spend a lot of time talking about the costs of the American dream vs. the older model of communities before individuals.

Lest I lead you to believe that the author is some sort of Marxist, he is most certainly not. The types of communities McKibben describes are completely voluntary. The government plays no role whatsoever (unless you count ending subsidies to Big Ag and Big Oil, and investing a bit more in community energy and family farms). What I liked most about his ideas for much more localized, smaller economies was that Washington had no role to play...which is exactly as it should be. We could do this all ourselves, in other words, if the government--at the federal level, at least--would stay the hell out of the way. I would peg Mr. McKibben as a liberal, but I was most impressed by his insistence that groups of people in voluntary community were the key to some of the most pressing issues of our day. That is a rarity in this day and age.

So who, then, is the conservative Catholic? McKibben's work reminded me very much of the work of Rod Dreher, whose Crunch Cons http://www.goodreads.com/book/show/21... reached many of the same conclusions as Deep Economy. Both writers--probably miles apart in their politics--came to what is essentially the same conclusion: smaller is better. Local is better. We deciding for ourselves is better than someone else deciding for us. Big anything--big business, big government, big box stores, big cars, big McMansions, big screen tvs--everything big sucks.

One part of McKibben's book, the part about the wonders of Western Europe, was a bit...dated, shall we say, in light of current events on the Continent. Yes, they have smaller homes, ride public transportation, and eat local cheese. That's good. They also have no children, can't support their bloated welfare state, and will be unable to defend themselves once the US withdraws our forces.

Otherwise, Deep Economy is a fantastic, thought-provoking book. Once again, I find myself wanting to move to Vermont, or to Maine, with a feeling akin to wistful longing. (less)

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Apr 01, 2012 Geoff rated it 4 of 5 stars

Sometimes, it's just too difficult to think about issues like global warming, ecological sustainability, or the detriments of global capitalism, free trade, and loss of communities. But I really think that McKibben makes it possible to be optimistic about this stuff and about ourselves. Give him a try!

I really liked the book's optimism. It was sanguine about the potential uses of the wealth our local communities have and the practicability of avoiding factory farms, monocultures, GMOs, agricultu...more

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Apr 30, 2009 Thomas rated it 5 of 5 stars

Shelves: nonfiction

Boys and girls, this book is HOT! Simply a must read. Read it.

Our current growth-based global economy is unsustainable. But local, community-based economies have the potential to make people prosperous and happy without imperiling the biosphere or cultural/bio diversity. They're also adaptable to local conditions and democratic feedback, unlike our current system. Even better: they'll prove useful when the oil runs out!

In the course of his argument McKibben picked up on several questions I've b...more

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Jul 13, 2009 ben rated it 3 of 5 stars

Thomas Friedman from a more of a lefty/environmental perspective. Lots of nice uplifting anecdotes about local responses to globalization and the "modern" economy. Basically his argument comes down to the idea that we need more community-based economy, and to stop focusing on "growth" and our myopic view of "efficiency". These are not really new ideas, but he does a decent job of looking at the bigger picture of economics and society. I liked his analysis of Wal-Mart.

Overall though, he doesn't c...more

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May 15, 2010 Wayne rated it 5 of 5 stars

This review has been hidden because it contains spoilers. To view it, click here. I'm really enjoying this one. It's a lot the same sort of thing that John Michael Greer covered in "The Long Descent," except that McKibben has a much lighter, jocular, more informal style with illustrative anecdotes that make the reader feel more connected to the subject, such as when he interviews employees at a shower curtain factory in China about their quality of life.

On the downside (comparing him to Greer), I find his name dropping annoying. When Greer cites another work, he tends to giv...more

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Oct 21, 2011 Nick Klagge rated it 4 of 5 stars

Shelves: economics

Despite the fact that it was a general-audience book about economics, I liked "Deep Economy" a lot. McKibben articulates his ideas clearly and organizes them well, and in doing so, manages to avoid into traps that commonly afflict writers that express skepticism about technological development and/or economic growth.

While obviously not academically rigorous, McKibben builds his argument from premises that I find quite robust. First, human beings derive value both from material well-being and fro...more Despite the fact that it was a general-audience book about economics, I liked "Deep Economy" a lot. McKibben articulates his ideas clearly and organizes them well, and in doing so, manages to avoid into traps that commonly afflict writers that express skepticism about technological development and/or economic growth.

While obviously not academically rigorous, McKibben builds his argument from premises that I find quite robust. First, human beings derive value both from material well-being and from a sense of community. Second, these two kinds of goods are, to some extent, substitutes for one another: to get more of one, you generally have to give up some of the other. Third, throughout human history and in many places today, sacrificing some community in favor of some additional material well-being has been a worthwhile trade. Finally, and I think the only place where one could really argue with McK, in modern America, we have "overshot" the point where the marginal benefits of the two were equal, and are at a point where a reduction of economic growth in exchange for increased community would generally be beneficial.

This argument seems sensible to me for a few reasons. First, in (what I am finding to be) characteristic McKibben style, he clearly is not arguing that we should return to some imagined golden age in the past, whether that be post-WWII America or some agrarian idyll. Rather, he wants us to "make it new" and find ways of strengthening community ties that are appropriate for the place and time where we find ourselves. Secondly, I find the "overshooting" argument plausible. When a strategy has worked to increase overall well-being for hundreds if not thousands of years, it is so deeply ingrained that it barely even appears as an assumption at all--especially when it is something very simple (and evolutionarily selected) like "more is better." Finally, McK's argument is egalitarian in that it does not criticize people in the developing world for wanting continued economic growth.(less)

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Apr 02, 2009 Matthew rated it 3 of 5 stars

Shelves: economics

Very promising start, and many excellent anecdotes/examples, but didn't really throw up new conclusions. McKibben is all about the local economy -- discosure: I'm very much a supporter of this idea.

Problem is: what does that do to global trade and employment in developing countries? He raises this point in the introduction, and later tries to address it in the final chapters by pointing out examples of sustainable hyperlocal mini-economies in developing countries. There are many interesting and...more

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Sep 05, 2010 Lindsey rated it 5 of 5 stars

Bill McKibben is one of the authors I trust most for clear-headed, thoroughly researched, and well written analyses of many of society's most pressing issues. In this book, he focuses on the fact that More is no longer leading to Better in the U.S.--instead we are becoming less satisfied with our lives, and at a basic level, less happy. As a solution, he presents many anecdotes showing people turning away from what he calls "hyper-individualism" and returning to a stronger emphasis on community....more

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Jul 19, 2008 Patadave rated it 2 of 5 stars

If you've never been exposed to environmentalism or green philosophy this work can serve as a general introduction. But, frankly, who hasn't been exposed to this stuff?

A thin work of popular journalism with no substantive economic analysis at all.

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About Bill McKibben

Bill McKibben is the author of Eaarth, The End of Nature, Deep Economy, Enough, Fight Global Warming Now, The Bill McKibben Reader, and numerous other books. He is the founder of the environmental organizations Step It Up and 350.org, and was among the first to warn of the dangers of global warming. In 2010 The Boston Globe called him "probably the nation's leading environmentalist," and Time maga...more

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Books by Bill McKibben

Eaarth: Making a Life on a Tough New Planet

Wandering Home: A Long Walk Across America's Most Hopeful Landscape: Vermont's Champlain Valley and New York's Adirondacks

American Earth: Environmental Writing Since Thoreau (Library of America #182)

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