this post was submitted on 16 Aug 2023
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United States | News & Politics

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East Cleveland Residents are Building a Closed Loop Economy (nextcity.org)
submitted 2 years ago by shreddy_scientist@lemmy.ml to c/usa@lemmy.ml
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[โ€“] Terevos@lemm.ee 0 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

[โ€“] shreddy_scientist@lemmy.ml 1 points 2 years ago

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

  1. Eliminate waste and pollution
  2. Circulate products and materials
  3. 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.