Category Archives: Economics

Losing Touch with (Community) Reality

Why we can no longer really know our own community.

I’d felt compelled to be present, to bear witness to this last stand. That’s why I’d attended a number of meetings alongside representatives from the Capital Regional District, municipalities of Victoria and Saanich, Camosun College, Vancouver Island Health Authority, and others helping bring together a report called Growing Prosperity in the Capital Region.

Drawing on census data from 1996 to 2006, this report was released in April by the Community Social Planning Council. Some interesting insights were included: Poverty in our region remained steady. About 20 percent aged 15-25 were poor. Women, especially women over 75, were amongst the poorest. At least 10 percent of workers lived below the poverty line. It remained difficult to quantify how much the cuts to public services and non-profits, degenerating environmental health, and declining access to land were affecting quality of life.

I was glad that this important information, and these information gaps, were discussed in the report. However, for me, the whole project also carried an air of funereal futility. After the global financial crisis, we all knew this data was gravely dated. Worse, we knew there was no comparable up-to-date data coming, because our federal Conservative government in 2010 decided to make the long-form census voluntary instead of mandatory.

“The census is a vital, even pivotal component of our statistical infrastructure,” UBC economists David Green and Kevin Milligan wrote in Canadian Public Policy. Comparing the Conservative’s decision to abandoning upkeep on our power grids and roads, they wrote, “the degradation of the Canadian census has impacts that, while perhaps not immediately clear to Canadians, will eventually have large influences on the quality of Canadian society.”

Unfortunately, it already is becoming clear—through the immeasurable despair that’s seeping into communities and groups like ours across the country, while any still-thrashing protesters are buried like “old news.”

Read the rest at Focus online.

Put Your Money Where Your Municipality Is

On January 31, a panel of local experts will talk about new ways to ensure your savings, RRSPs, and investment dollars help strengthen our community sustainability and resilience. We offer a preview of some of the ideas they’ll address.

During her presentation at the Community Social Planning Council of Greater Victoria’s recent annual general meeting, economic development expert Nicole Chaland brought out a perspective-shifting number: $360 million.

That’s how much Greater Victoria residents invested last year in Registered Retirement Savings Plans (RRSPs)—enough to effectively double last year’s growth in Greater Victoria’s entire gross domestic product. Yet instead of boosting our economy or helping improve our community, most of that enormous wealth of ours was simply drained away into globalized mutual funds.

If we could create some sort of local pool for RRSPs, Chaland said, “What we’d be doing is capturing money that’s already being invested, and we’d be making sure it’s invested locally.”

And that, says Community Social Planning Council director Rupert Downing, is what he’s setting out to do in the wake of Chaland’s feasibility report on community investment funds (CIF).

“This is a very exciting opportunity,” says Downing, who envisions such funds helping develop local affordable housing.

“There is a capital gap,” explains Downing. “The availability of subsidies [from governments] and mortgages from banks or credit unions doesn’t cover the full cost of developing market rental housing.” What we need, he says, is “patient capital,” where loans are relatively cheap and investors don’t need or expect to pull their money out in a hurry—like with RRSPs.

The Community Social Planning Council (often called the Community Council) recently coordinated meetings between BC provincial government representatives and their counterparts in Nova Scotia, where such community investment funds are already in operation, discussing tweaks to RRSP and venture capital tax credits that could facilitate the process here.

“The funds that work need a tax incentive,” says Downing. “That’s the optimum.”

A Cape Breton community investment fund has already captured two percent of their local RRSPs—if we could merely equal that here, that’d be $7.2 million annually.

Community investment funds around North America generally focus on supporting locally-owned businesses but, because of their broader mandate to foster overall community development, they usually come with an additional focus on improving local environmental sustainability, social justice, economic resilience and self-reliance. So aside from affordable housing developers, Downing points to City Harvest (an urban farming cooperative), City Green Solutions (a home-energy retrofitting non-profit), and Community Micro Lending (a provider of small loans to new entrepreneurs) as examples of the kinds of companies which often fall between the cracks when trying to raise conventional loan capital, but which could be readily helped through a CIF.

The Community Council is gathering a steering group to begin developing the business plan and legal framework for a regional community investment fund. So to anyone with business, financial, tax, legal or marketing expertise willing to do a little pro-bono work, says Downing, “We’d be very pleased to hear from them.” Downing will be speaking about the initiative at an upcoming community investment forum sponsored by Transition Victoria, Vancity and Focus. Along with Chaland, Downing, and new Victoria councillor Lisa Helps, who is a director of Community Micro Lending (see Focus, April, 2010), several other speakers will outline additional options for redirecting your dollars back into our local community.

One of those speakers will be Vancity community business banking account manager Rebecca Pearson.

“Just by banking with Vancity, you are investing in community,” notes Pearson, explaining that credit union regulations require virtually all of Vancity’s $14.5 billion in assets to be invested in British Columbia. And most of that, she says, stays in the Lower Mainland and Southern Vancouver Island.

“On top of that, we are focusing on community impact,” she adds. “So we’re not just investing locally, but we’re also making an effort to invest in the building blocks of a sustainable economy.”

Pearson points to the Root Cellar Village Green Grocer, Dockside Green, and the Victoria Car Share Co-op as examples of progressive local enterprises with which Vancity has been involved.

But exactly where your savings are invested is often not under an individual’s direct control, and so some Vancity members remain frustrated by the credit union’s investments in more conventional or less ethical businesses. Pearson says Vancity is developing options for those people, too.

“The most interesting thing that we’re working on right now for more direct connections between your dollars and where they get locally invested is the Resilient Capital Program,” says Pearson. Just starting up now in Victoria, but with a pilot project underway in Vancouver, the program gathers investors who can contribute $50,000 or more into a multimillion dollar pool. “Their money will be made available to social enterprises to help build resilient communities.”

In Vancouver, Vancity’s Resilient Capital Program recently helped support a major expansion to a non-profit that runs women’s shelters, and a revisioning of Save on Meats as a multifaceted social enterprise benefiting its impoverished Downtown Eastside neighbourhood through a restaurant serving all income levels, accessible work opportunities, and a rooftop vegetable garden.

“We’re still looking for depositors,” says Pearson. And to entrepreneurs with great ideas for improving local resilience, she adds, “We’re looking simultaneously for investment opportunities on the Island.”

That’s good news to Stephen Whipp, an ethical investment advisor with Manulife Securities Incorporated and vice-president of the Westshore Chamber of Commerce, who’ll also be speaking at the forum. Whipp says he constantly hears from prospective clients with a hunger for ethical investment opportunities that are specifically local.

“One issue that comes up over and over and over is people want to help,” says Whipp. “[Investors ask] ‘How do I help? Other than growing my own food, other than cutting back on how much I drive or increasing how much I use transit, how do I make my community a better place?’”

Due to regulations to protect us from scams, however, licensed brokers and investment advisers like Whipp are restricted to recommending opportunities that are listed on mainstream capital markets. So instead, Whipp provides financial and business advice to “put tools in the toolbox” that help people do their own “due diligence” when they examine local investment opportunities. Another approach Whipp suggests people explore is community “investment clubs,” an ad hoc version of a community investment fund where small groups of people get together to share the costs and efforts of doing such due diligence.

But these are makeshift solutions which shouldn’t have to continue this way, argues Whipp. He hopes growing public demand will push governments, regulators, and investment firms with sufficiently large expert infrastructures to more proactively facilitate targeted, ethical, community investment opportunities.

“I think the credit unions have an ability to make a huge play in this area,” comments Whipp. “That in itself may make others pay attention to it.”


At the other end of the spectrum, of course, some would argue that trying to make money from money, while participating within a global financial system that’s arguably dubious at its core, is inherently antithetical to sustainability, social justice and community development. From this perspective, ethical investing is a tiny bandage over the gaping wound that’s brought our society to the brink of environmental, social and financial collapse.

Yet it’s difficult to deny that Vancity’s $14.5 billion, or Greater Victoria’s own $360 million annually in RRSPs, are amounts that could have far-reaching and profound societal impacts if directed creatively and progressively back into their source communities. Those aren’t mere bandage levels of money. And even if, after some hypothetical apocalypse, we were to pull out of the global economy altogether through an alternative local currency, we’d probably still need some infrastructure guided democratically by members, not unlike a credit union or community investment fund, to help manage that currency and provide expert guidance on where to funnel our collective financial resources. So why not explore what’s possible if we put our financial shoulders to the wheel right now?

John Ehrlich, another speaker at the forum, has already shown what’s possible, even with just a little upfront investment and no complicated legal or regulatory frameworks.

While family farms are disappearing across Canada, his Alderlea biodynamic farm near Duncan has been expanding at 30 percent annually since 2003. This year, 200 families will invest on average $450 each as “shareholders” in exchange for weekly veggie bins. Aside from being emotionally uplifting to have so many people “committed” to helping your farm survive, says Ehrlich, this “Community Supported Agriculture” system improves cash flow, efficiency and marketing.

“The biggest thing is having the money up front, before the season begins, purchasing seeds and tools and other things,” he explains. “And we know exactly what to grow and how much to put out for the families each week.”

Starting a community-supported farm, says Ehrlich, is as simple as bringing some community members together to help stabilize a farmer’s livelihood by providing upfront payments for produce at near-retail rates. But our next regional hurdle is figuring out how to rally enough local resources to actually purchase land for farming. Ehrlich has been closely involved with The Land Conservancy’s experiment with Keating Farm, and will outline those efforts at the forum.

“I think we’re at an incredible crossroads,” summarizes Whipp. “We have a huge opportunity which may never be there again, to show people that you can do business in a different way.”


(Rob Wipond discloses that he has $200 invested in a maintenance and landscaping company through Community Micro Lending.)


The Community Investment Forum is 7 pm Tuesday, January 31 at Ambrosia Conference Centre, 638 Fisgard Street. Admission is free. For more information see “Events” at

Originally published in Focus, January 2012.

Breaking News on the Yellow Brick Road to Calamity

There are some compelling ideas for how to make our community more economically resilient in the face of climate change, rising fuel costs, and global financial meltdowns, but our civic leadership is so far conducting business as usual. That can put a passionately concerned local journalist in some uncomfortable positions, and raise some provocative questions about the role of news media in a time of crisis.

It’s raining radical change! Hallelujah! That’s how I felt reading some of the introductory sections of the City of Victoria’s new Economic Development Strategy. I read about revamping our local economy to grapple with “the impact of economic growth on the world’s ecology,” “climate change,” “increased energy costs,” and the ”rollercoaster ride” of the global financial system.

Amen, it’s about time!

After all, the converging crises of rising fossil fuel prices and dirtier oil, climate change, environmental degradation and resource depletion, growing debts, exploitative banking, and international financial instability are real and deepening threats to our society and to this region. Faster or slower than predicted, the mathematics of this equation is mercilessly inexorable, and our economic system is the primary factor at work at the centre. I was thrilled to see the City taking the lead on tackling these issues.

Then I reached the section with the actual plans: Above all, the Strategy declared, we must therefore become more “prosperous” and “grow our community’s tax base” through boosting tourism, bolstering the marine and technology sectors, expanding the airport, and speeding development.

It was business as usual. The sudden, severe inspiration drought hit me hard. That was partly because I’d personally submitted six pages of practical suggestions to the City—more on that momentarily. First, though, I couldn’t help but simply wonder, “What happened?”

Alan Dolan explained that part to me.

Past chair of the Victoria Values-Based Business Network, Dolan sat on the City’s economic strategy advisory panel for a year—an odd bird amidst representatives from the likes of the Chamber of Commerce, Tourism Victoria, VIATeC and Bank of Montreal.

But when the Strategy was released, with $1.5 million over three years earmarked mostly for an economic development office and waterfront planning, Dolan’s name was gone.

“I resigned because I think the report just falls way short of what an exciting, 21st-century, out-of-the-box economic development plan might say for Victoria,” says Dolan. “I just felt like, I just cannot have my name attached to this.”

Dolan’s most serious concern was the plan’s lack of support for “localization,” a range of approaches for strengthening small, locally-owned businesses. Dolan believes localization strategies should have permeated plans for all sectors of our economy.

“The critical thing is economic leakage,” he explains, citing big box stores as prime examples of community financial sinkholes. “It’s basically money flowing back to that executive and those shareholders elsewhere…More local, independent business means more money kept in the community and less economic leakage.” And “spin-off benefits” of stopping leakage, Dolan notes, include more unique community character, reduced environmental impacts, and greater self-reliance.

(Ex-)councillor Philippe Lucas agrees. “I was very distressed that it made only the slightest mention of localized economy,” he says, pointing out that 80 percent of Victoria (and BC-wide) businesses employ less than five people, while this Strategy is “tying the future of this city and the tax base of this city to endless broad development, and attracting mega-corporations.” But wasn’t council involved? Lucas says the project was driven top-down by City Manager Gail Stephens and Mayor Dean Fortin. “It was rushed forward so it could be available prior to the election,” he asserts.

Community economic development dropped

Also left behind, points out Dolan, Lucas and others, was an entire, growing field of progressive economic thought called community economic development (CED), which measures economic health not just through business revenues and tax bases, but through social and environmental indicators such as fulfilling employment, equitable access to opportunities, cleaner air, and closer-knit neighbourhoods.

Localizing lies at CED’s core, and includes tax and zoning incentives to nurture green technologies, co-working hubs, entrepreneurship incubators, and home-based businesses. There are innovative methods for funnelling RRSPs and investor capital into small social enterprises, arts organizations, business co-operatives, and affordable housing. More radical ideas are also on the table: How can a municipality make its own independent monetary system work? How can neighbourhoods and companies develop tool and equipment sharing, freecycling, and other resource-saving initiatives? Can we lower living and operating costs, instead of raising revenues and incomes?

Dolan feels little of this made it into discussion partly because the City chose Jay Wollenberg of Vancouver-based Coriolis Consulting to draft the Strategy and lead meetings—and his biases were obvious.

For example, Dolan says last November Wollenberg was outlining avenues of economic opportunity for Victoria, including technology, tourism, and marine businesses.

“And then [Wollenberg] brought a PowerPoint slide up, and he said, and I quote, ‘Let’s throw a bone to the Birkenstockers and put localization in here.’”

Dolan finds the statement even more offensive in hindsight. “Sometimes the full impact and understanding of how outrageous [a statement] is doesn’t really come clear to you until after a meeting,” he observes. “If it had been totally clear to me, I probably would’ve embarrassed myself… like getting my shoe off and slamming it on the desk.”

Panel member and Tourism Victoria chair Deirdre Campbell doesn’t recall that specific remark, but suggests Wollenberg “may have used those words” in what Campbell herself regarded as an attempt to acknowledge other points of view. “I do remember that [Wollenberg] spoke a little about… if you’re trying to do any significant changes, you’re going to get ‘pushback’ from people, that some people feel like growth is not good.”

Dolan recalls that particular remark from Wollenberg being, “Many people believe that growth is the spawn of Satan.”

And after he missed a meeting, Dolan says even that “bone” was snatched away. “Localization fell off the table and it wasn’t there at all.”

Dolan complained to the City’s Project Lead Jocelyn Jenkyns, and localization reappeared on the agenda in January. It disappeared again before the public consultations.

He could have been more assertive, concedes Dolan, noting personal issues reduced his own participation. However, he says, Coriolis’ public consultations were also inadequate.

“We certainly got the feeling at the couple of open houses we had, ‘Where is everybody?’” comments Campbell.

I attended one of those public consultations with about 20 others—a handful of whom were not already involved with the advisory panel.

Unapologetically blundering

In the end, vague encouragement is expressed in two “Strategic Focus Areas” of the Strategy for sustainability, green initiatives, locally-owned businesses and regional agriculture. However, these are dwarfed by nine focus areas determinedly heading in the opposite direction, and are undermined by criticisms pointedly aimed at environmentalism, localization, and zero growth.

Dolan points to one section: “Victoria [population numbers] will continue to grow,” states the Strategy, and therefore, “achieving a steady state is not possible[.]” Consequently, “The pursuit of sustainability… means growing at a moderate pace[.]”

“Steady state is pretty fundamental to most people’s thinking around sustainability,” comments Dolan. “There are limits to the resources, limits to the space where people can live in Victoria, limits to water and food. And so, at some point in time, the economy’s going to have to level out.”

Wollenberg couldn’t be reached before deadline but, in fairness, it’s not as if his positions weren’t well known to the City. I previously reported (Focus, May 2010) on how two successive economy discussions chaired by Wollenberg during Victoria’s otherwise fuzzy-wuzzy, feel-good Official Community Plan open house developed into testy arguments about zero growth and localization between Wollenberg and public participants. Stephens and Fortin chose Coriolis over more sustainability-friendly planning consultants the City has hired for other projects, and hand-picked the compliant advisory panel. At the pre-election launch, Wollenberg announced the Strategy was “unapologetically” pro-growth.

All of which made me wonder how and why the Strategy had ended up with an introduction that was so much more progressive than its actual plans.

I traced the history of the drafts. As late as May of this year, after seven months in development, the draft Strategy mentioned possible impacts from rising fossil fuel costs only in passing, and only in relation to tourism. Global financial instability was apparently irrelevant to the local economy—it was never mentioned. Climate change was also never mentioned.

After the summer, though, lengthy commentaries on all these topics appeared in the Strategy’s introductory sections. Yet the business-as-usual strategies themselves had barely changed. It was as if those more progressive discussions had been tacked on at the last minute as greenwash over the rest—to make it sound as if these strategic plans had emerged from thoughtfully grappling with the issues.

But what had happened during the summer to precipitate that? Then I wondered with a certain discomfort if, possibly, I was reading some of my own writing in that introduction.

That’s when pursuing an otherwise straightforward news story took on whole new dimensions of significance.

Journalist or activist?

I’ll back up. After reading Victoria’s business-as-usual draft Economic Strategy, in the midst of the woeful public consultations in June, I realized I had two choices. I could play my role as journalist and write an article criticizing the process. Or, I could put on an activist hat, and try to ensure some better ideas got submitted to the City. I could be a backseat public critic after the fact, or try to help steer our civic ship now.

Which, I asked myself, was more important? And for me, this was a question of burning significance.

As regular Focus readers know, I’ve been writing ever more on economic issues, and have also been voluntarily helping coordinate events and projects with Transition Victoria’s Economy Working Group. This is because I feel ours is a small, fragile and imperilled community amidst converging global economic and environmental crises, and the options before us are few. Many hope we can keep squeezing through and our children will deal with the fallout. If not, then what? We may collapse into expanding poverty and chaos due to forces beyond our control. We may indenture ourselves to increasing Greece-like “austerity fascism” in a financial game stacked against us. Or…we may examine our community’s precarious situation with regard to food, clothing, finances, construction materials, renewable energy, and other essential goods, and employ reasoned measures towards strengthening our self-reliance.

Maybe there are other possibilities, but whatever they are, they’ll have to be fairly broad and radical to stop this train, and I’m personally not banking on our corporations, unions, or national governments providing visionary leadership.

So with this in mind, then, I kept wondering, would it be more effective for me to play journalist, or activist? On the one hand, it’s not like there is a plethora of well-organized, well-funded, local activist groups constantly battling for fundamental economic change to which I could leave that job. Meanwhile, how many prominent news media outlets provide investigative news coverage of local issues that’s intensely critical of our dominant economic system?

Consequently, I started to feel a public responsibility to do both: I felt compelled to help try to turn this ship, and to report critically on it. So that’s what I set out to do.

The City’s Jenkyns kindly extended the Strategy’s public input deadline at my request, and I brain-downloaded from Donna Morton of the Centre for Integral Economics, Nicole Chaland, director of Simon Fraser University’s CED program, Michelle Colussi of the Canadian Centre for Community Renewal, and others, and at the end of June submitted six pages of discussions and detailed suggestions.

When the final Strategy came out in October and I saw how some of those ideas had apparently been misappropriated and most others ignored, while none of the actual strategies had changed, I felt especially frustrated. And the municipal election was scheduled to occur long before any discussions could appear in Focus. So I and some of those same experts drafted a “Consensus Statement” criticizing the Strategy and proposing alternatives, which we distributed online. During that process, I contacted Dolan to ask why he’d quit the advisory panel, and he simultaneously agreed to join the Consensus and be interviewed for my Focus article. Soon afterward, the election occurred and one of our signatories and experts I’d been consulting, Lisa Helps of Community Micro Lending, landed on Victoria council. When I contacted Helps for an interview, she reiterated her commitment: “I’m going to put my energy into creating a sustainable, resilient, local economy, including community economic development.”

When the editor and publisher of Focus read the first draft of my article, they asked me, “Has this gone too far? Are your personal perspectives, journalism, and activism too intertwined? Will our readers trust our fairness and accuracy on this issue?”

They seemed like reasonable questions. Notwithstanding the full disclosures, even I was feeling squeamish about my shape-shifting roles. Then, the more we discussed it, the more it seemed our questions struck to the core of how we understand the role of community journalism. And so we decided to invite our readers into that dialogue, and ask you how you see it.

Community journalism in a time of crisis

Many of us, including me, carry around a romanticized notion of the “objective, independent, investigative news rag,” inhabited by rabble-rousing journalists with high moral values questing only after truth and not beholden to political parties, corporations, institutions, unions, activist organizations, or advertisers.

Today, though, fewer and fewer people are willing to actually pay anything to support that type of journalism. So journalism has been changing.

After years of unfettered corporate media conglomeration, there is only a smattering of news outlets left in Canada that regularly offer serious or socially critical investigative journalism, and scarcely a handful that pay independent journalists more than a glorified honorarium for what is extremely time-consuming work.

Along the way, news stories steered by vested interests, public relations firms, and corporate values have multiplied. Local investigative journalism has diminished dramatically as profit-hungry owners have turned to syndication and newswire services to generate generic content for all their news outlets at once.

And based on the staggering list of still under-researched, underexposed scandals I alone have under piles on my desk, I’d say unpaid citizen journalism and social media have not bridged the growing gaps.

Meanwhile, alternative models are struggling. Victoria’s own Sean Holman shut down Public Eye recently due to lack of sufficient financial support and, with him, we lost arguably this province’s best muckraking BC politics journalist. (Notably, Holman also did a number of exposes on different local news outlets engaged in suppressing content and firing journalists at the behest of advertisers.) In recent years, Holman survived mainly on private donors to his website, and it worked—for a while. Holman told me that as long as he was exposing Liberal party scandals, he was getting donations from NDP supporters; but when he began exposing dubious NDP activities, he lost those donors in droves. And when a paid advertisement for a campaigning MLA ran on Public Eye’s website, Holman got angry letters from indignant readers questioning his non-partisanship—even though those same protesters weren’t offering a penny to help Public Eye remain independent.

Today, most independent investigative journalists in Canada have supportive spouses, or second incomes. In my case, apart from Focus’ financial and moral support, my local journalism is currently subsidized by occasional teaching, other creative writing, and living cheaply, and fuelled by my passion for learning, giving voice to lesser-known perspectives, and nurturing social change. The end result? You get an article like this, where community activism and journalism are intertwined—instead of something like the Times Colonist’s coverage, which was essentially a slicker pre-election promotional press release for Fortin and the Economic Strategy than the City itself put out. (And undisclosed therein: The TC got $192,000 in advertising from the City of Victoria last year; Focus got $0. Coincidence?)

Yet all of this in turn raises bigger questions: What, really, is the role of news media in this community? And what should or could that role be?

Here’s one way I’m looking at that lately: Major local media and the Provincial Emergency Program have some basic agreements for emergency public communications in the event of an earthquake. That makes sense. Do you want to be sitting in rubble and finally get your radio working, only to hear repackaged news from Vancouver between commercials for the hardware store selling batteries at 100 times their normal value? You’d likely need to know where to go for free food, water and assistance, whether government was functioning adequately, and how to join a search crew. You’d expect your local journalists to be guiding lights, fusing their journalistic passion for finding and evaluating important information with their fervent activist desires to connect, help, heal, hold to account, inspire, and rally people towards rebuilding our community from the ground up. Beholden to no one, but committed to everyone.

To me, that’s a good analogy for the kind of local media we urgently need more of right now, and that I want to support and be a part of. Because when it comes to these converging crises of environmental depletion and destruction, rising oil costs, financial instability, and climate change, we’re arguably in an emergency already. And I don’t believe corporate-owned media are ever going to give us truly good, penetrating coverage on any of those issues; at least, not consistently. Regardless of how any individual staffer may feel, they’re confined by an institution that is too embedded in the existing dominant power structure. So what are we going to do?

But this isn’t something any journalist or news outlet can resolve in isolation. At a time when so many are hurting financially, I wouldn’t suggest news media are more worthy of help. Nevertheless, our sources of information and outlets for public discussion are foundationally important, aren’t they? As a community, we need to start asking, “Are we satisfied with the news media we have?” If we’re not, then we have to start grappling with what we’re going to do together to help get the kind of news we truly value, and need.

What do you think?


Originally published in Focus, December 2011.


This Artist Follows the Money

Paul Grignon has struck a popular nerve with his cartoon exposé of a financial system that’s exacerbating our public debt spiral and hastening descent into environmental destruction.

By now most of us have heard about at least a few of the local people who’ve “made it big” in the world of online viral videos. Victoria writer Andrew Struthers’ two-minute spoof based on the Canadian Wildlife Service’s “Hinterland Who’s Who” commercials, “Spiders on Drugs,” is the undisputed champion, currently nearing 30 million views on YouTube. More typically, other area folk have garnered tens or hundreds of thousands of hits for a beautiful folk song, a recording of a police assault downtown, and one of the biggest lip-sync gatherings in the world (I don’t know of any popular videos of local babies or pets doing especially adorable things, but there are likely a few of those, too).

Certainly the most surprising of them all to go viral, though, would have to be 63-year-old Gabriola Island visual artist and animator Paul Grignon’s Money as Debt.

It’s an independently-made 47-minute video lecture on our current system for creating money.

Yet Grignon has now sold over 12,000 copies of it on DVD, while it’s been (mostly illegally) copied and resold, uploaded, and translated so widely that by Grignon’s last estimation it was in 24 languages, appearing or being discussed on thousands of websites, and surpassing two million viewers. It’s been endorsed by the Canadian Action Party and the American Monetary Institute, ex-managers of Wall Street investment firms, and prominent economists like David Korten and Hazel Henderson. It’s also been heavily promoted by Elizabeth Kucinich, along with her more famous husband, congressman and former US Democratic presidential candidate Dennis Kucinich, and used at rallies for current Republican presidential candidate Ron Paul.

What accounts for its surprising popularity?

Read more.

A Consensus Statement on Victoria’s Economic Development Strategy

Originally posted on the website, which has been under maintenance for some time, I repost this document here for reference purposes. It was subsequently signed by 153 other people.


The City of Victoria’s recently released Economic Development Strategy emphasizes a business-as-usual approach that includes building tourism, attracting outside investment and businesses, and expanding the airport.

Yet as we write this, Centennial Square is crowded with people, inspired by a movement seeking fundamental economic changes which has spread to hundreds of cities worldwide. And for good reasons.

In recent months, the United States government has twice come within hours of financial shut-down. National debt defaults have plunged the European Union into crisis. The Canadian government has boldly proclaimed “immunity”, while quietly taking on billions in insecure bank debts and moving into lockstep with our provincial government with broad-based cuts in all sectors. Is this really where we’re going to turn for help meeting our community’s economic challenges? Has anyone even calculated how many local jobs all this has already cost, and how many millions of dollars have already been drained away from local savings?

Meanwhile, other crises converge upon us. The price of gas has nearly doubled in two years. Climate change seems poised to increase in pace exponentially. How will local businesses and tourism, transportation, municipal services, health care, and individual households be hit?

And more importantly, what are our practical plans to build stronger self-reliance and resilience as a community? We are facing a crisis, but we’re also in the midst of an unprecedented opportunity to galvanize citizens throughout our region around truly innovative, environmentally responsible, and socially constructive economic changes.

These are just some of the practical plans we could all be discussing, exploring, and working towards, and which our governments should be providing leadership on:

  • Aim for community economic development, not just business development. Goals and measures of economic health are not limited to growth in business revenues and the tax base, but include social, cultural and environmental quality of life indicators such as fulfilling employment, equitable access to opportunities, cleaner air, more community gardens, and closer-knit neighbourhoods.
  • Prioritize locally-owned businesses and local resilience. The Strategy unrealistically proposes we can do it all: Attract outside investors and big businesses, and support small, locally-owned companies. Build the airport, and a more vibrant downtown. Focus on growing tourism, and on reducing reliance on tourism. But with limited resources at our disposal, we can’t do everything. We have important choices to make. We should focus on nurturing, strengthening and diversifying small, locally-owned enterprises and service providers across all our business sectors. Locally-owned businesses hire more locally, advertise more locally, use local business services more often, and spend more of their profits locally. It’s time for a region-wide “Buy Local!” campaign–Every dollar spent at locally-owned businesses means more income and jobs stay in the community.
  • Use tax incentives and zoning bylaws more creatively. We could become a vibrant hub for green technology and small, ethically and environmentally responsible businesses. For example, use tax strategies to encourage the development of appropriate commercial spaces, and remove restrictions against home-based businesses.
  • Foster community re-investment. Our region is missing out on models of community development financing that are already working elsewhere. We could be attracting local retirement funds and institutional investments towards supporting locally-owned social enterprises, arts organizations, business co-operatives, and affordable housing initiatives.
  • Build working partnerships. We should be pro-actively developing more vital partnerships regionally between municipal governments, businesses, post-secondary institutions, non-profit organizations, rural and urban farmers, manufacturers, and resident associations to build entrepreneurship incubators, business mentoring and succession teams, Community Supported Agriculture, neighbourhood-based product and service markets, and bartering and alternative exchange systems.
  • Improve affordability, reduce impacts. We don’t always have to think growth, growth, growth in a war against our environment’s natural limits. Often, less is more. We could substantially improve our economic health by reducing resource use and the local cost of living. We could improve lower-impact transportation options and provide incentives for low-cost housing. We could help neighbourhoods engage in tool sharing, freecycling, energy-use reduction, and other much-needed resource-saving initiatives.
  • Ignite community power. Let’s engage the entire community – not just the business sector – in developing our ideas and plans for community economic development. In places like Winnipeg, Montreal and Ottawa, community engagement has led to innovative projects like social purchasing portals linking socially and environmentally responsible locally-owned businesses with local customers eager to support them. It’s good for the community, and it’s good for business.

This is only a small sampling of what’s possible. With an election fast approaching, we encourage all citizens to ask their municipal candidates about their plans for ensuring our region becomes as self-reliant and resilient as possible in the face of international financial instability, rapidly rising oil prices, and climate change. If we don’t start now, how much more difficult will it be in 20 years?


Nicole Chaland

Michelle Colussi

Lisa Helps

Rob Wipond

Donna Morton

Rupert Downing

Rob Wickson

Alan Dolan

  • Chair, Victoria Values-Based Business Network
  • Resigned from Victoria’s Economic Development Advisory Panel over reservations about final Strategy