DEFINITION of 'Eco-Communalism'

An economic/environmental philosophy focused upon local economies, sustainability and self-sufficiency. Eco-communalism is centered upon the belief that many self-sufficient local economies connected to one another will be a greater benefit to society as a whole than a centralized capitalistic one. The primary principles of eco-communalism include green economics, biodiversity and decentralization of government.

BREAKING DOWN 'Eco-Communalism'

Eco-communalists believe that the goodness of society is the key to creating a world that is less reliant on capitalistic traits and more concerned with the common good. In this vain eco-communalism is often closely associated with the ideals of eco-socialism, which is focused on moving towards a more socialist mandate and away from the materialism of modern capitalism.

RELATED TERMS
  1. Capitalism

    Capitalism is an economic system whereby capital goods are owned ...
  2. Adjustment Income

    Income paid to the dependent(s) of a primary wage earner in the ...
  3. Closed Economy

    A closed economy considers itself self-sufficient and has no ...
  4. Adventure Capitalist

    An adventure capitalist is an investor who backs higher risk ...
  5. Fiscal Localism

    Institutionalized monetary exchange focused upon local and regional ...
  6. Autarky

    Autarky is a nation or entity that is self-sufficient, or an ...
Related Articles
  1. Insights

    Main Characteristics of Capitalist Economies

    Commerce is based on the principles of capitalism, but there are few, if any, examples of pure capitalism except in theory.
  2. Financial Advisor

    Being a venture capitalist: A how-to guide

    So you want to be a venture capitalist? Learn what it takes, what you need to know, where to start, and what kind of life you will need, to take on the world of venture capitalism.
  3. Insights

    Socialist Economies: How China, Cuba And North Korea Work

    What is socialist economics in the context of Cuba, China and North Korea?
  4. Insights

    Can Socialism Work In America?

    Capitalism has its shortcomings, but pure socialism is not the answer. The American system of capitalism with socialistic touches might be good for the US.
  5. Trading

    Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.
  6. Insights

    Mixed Economic System

    Many of today's democracies operate under what is known as a mixed economic system, which combines aspects of capitalism and socialism.
  7. Investing

    3 Emerging Markets With Bright Prospects

    Learn about emerging and developed Asian markets, their economic machines, and which key factors contribute to real and per capita GDP growth.
  8. Financial Advisor

    How to Formulate an Investment Philosophy

    Here are some tips to develop a solid investment philosophy.
  9. Insights

    What Is an Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks to investing in them - both to residents and foreign investors.
  10. Insights

    Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
RELATED FAQS
  1. What are the most important aspects of a capitalist system?

    Understand the main aspects of a capitalist system and how they contrast with the tenets of other types of economic systems, ... Read Answer >>
  2. The differences between capitalism and socialism

    One promotes free market conditions, the other incorporates elements of centralized economic planning. Read more to learn ... Read Answer >>
  3. What is the Difference Between a Capitalist System and a Free Market System?

    Learn how capitalism and free market systems work, along with their differences. Read Answer >>
  4. What role does the government play in capitalism?

    Take a deeper look at the role of government in a capitalist economic system and about competing ideas about the proper amount ... Read Answer >>
  5. What are some examples of free market economies?

    In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. ... Read Answer >>
Hot Definitions
  1. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  2. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  3. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  4. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
  5. Relative Strength Index - RSI

    Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent ...
  6. Dividend

    A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
Trading Center