R SOC355 Lecture Notes - Lecture 14: Star Trek

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Boom-bust cycle is not only about economics but also in general. Use of resource for one particular pro t. Create very strong dependencies between actors institutions and knowledge. Many small communities that have created concentration in that industry, people in those communities and industry have close eties. And the type of knowledge reinforcing the power relationships there beeches around that particular industry. Like for example, people involved in trade have knowledge for that, and in the future will be di cult to transition to a di erent industry. Under this tradition, we are emphasizing the local. Thinking in terms of it os good to support local businesses because it has references to the past. But these narratives and ideas of the past are interpretations of the past done in the present. Modernist approaches brought a kit of negative things but seeing local as opposed to global is not necessarily appropriate. Local can also pro t from the global.

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