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East Cleveland Residents are Building a Closed Loop Economy (nextcity.org)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 years ago (1 children)

Closed loop... Except for the government taxes. And the financials which will likely not be home grown. And the outside regulations, inspections, state compliance, health care, etc, etc.

I'm all for a closed loop society. But even a government as "free" as the USA would never allow that.

Still I applaud their efforts. Maybe the headline is a bit misleading though

[–] [email protected] 3 points 2 years ago (1 children)

Based on what I dug into regarding the concept, a closed-loop economy focuses on three principles:

Eliminate waste and pollution
Circulate products and materials
Regenerate nature

This being the case, I don't see exactly how taxes come into play in any detracting way. Plus it's pretty lightweight with financial requirements too. It's more of a modern day more aggressive recycling game plan for a community.

[–] [email protected] 2 points 2 years ago

Circular economy is a better term.

Closed-loop economy would be more like all money used is also generated within the system. No money is added or subtracted from the community.

But whatever... I get what they're talking about.