by David J. Hess, In an era of ecological limits, Hess (science and technology studies, Rensselaer Polytechnic Institute) argues, the fixation of globally embedded, publicly traded corporations on short-term profits and shareholder interests undermines environmental sustainability and social justice. The solution is locally owned, independent businesses that recapture the "economic and political sovereignty of place-based communities." Local ownership is more likely than corporate ownership to produce a more sustainable and just society. This argument is explored through a review of numerous local initiatives in retailing (e.g., "buy local" campaigns), urban agriculture (e.g., community gardens), local energy (e.g., wind turbines), public transportation (e.g., the use of biofuels), and media (e.g., alternative newspapers). To give larger relevance to the many examples, Hess situates localism within ideological debates over neoliberalism and considers differing approaches to economic development, ultimately opting for import substitution. He concludes with proposals ranging from community currencies to public ownership of high-carbon-consuming industries. His goal is a "localism" that is globally connected but not subordinate to global institutions. Less a thorough analysis than a broad overview, the book is an informative introduction and a first attempt to theoretically and practically craft an alternative political economy. --Choice
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