How does your version of agrarian reform shift the odds in favor of a prospectively more reliable foundational economy there?

Without the traditional physical assets that make up the foundational types of
infrastructures, such as energy networks, transport, water, waste treatment, and
communications, there is no modern economy or society.

(accessed online at https://bennettschool.cam.ac.uk/wp-content/uploads/2024/03/Measurement-of-social-and-cultural-infrastructure.pdf)

I

An AI-generated definition is good-enough to start: “The ‘foundational economy’ (FE) is the infrastructure of everyday life, including essential services like water, electricity, healthcare, and housing, that are required for society to function.” (The key website is The Foundational Economy.) Even at that level of abstraction, it’s clear there is no one and only FE with one and only one set of critical infrastructures in each.

More important than their numbers and diversity, it’s that “infrastructure” I take up here and expand below: Since critical infrastructures and their operating networks of personnel are required so as to make it possible for a collective to exist and thrive economically let alone societally, so too agrarian reform and the foundational economy are instrumentally linked in ways that commend further elaboration.

How so?

II

Here are ten propositions by way of answer:

1. By definition, a foundational economy would not exist if it were not for the reliable provision of electricity, water, telecoms, and transportation. Here reliability means the safe and continuous provision of the critical service in question, even during (especially during) turbulent times. This means, for example, that the physical systems as actually managed and interconnected on the ground help establish the spatial limits of the FE in question.

2. By extension, no markets for goods and services in the FE would exist without critical infrastructure reliability supporting their operations. This applies to rural landscapes as well as urban ones.

3. Other infrastructures, including reliable contract and property law, are required for the creation and support of these markets, though this too varies by context. One can, for example, argue healthcare and education are among the other infrastructural prerequisites for many FEs (as above).

4. Preventing disasters in the face existing and prospective uncertainties is what highly reliable infrastructures do. Why? Because when the electricity grid islands, the water supplies cease, and transportation grinds to a halt, then people die and the foundational economy seizes up (Martynovich et al. 2022).

5. Another way to say this is that within a foundational economy you see clearest the tensions between economic transactions and reliability management. Economics assumes substitutability, where goods and services have alternatives in the marketplace; infrastructure reliability assumes practices for ensuring nonfungibility, where nothing can substitute for the high reliability of critical infrastructures without which there would be no markets for goods and services, right now when selecting among those alternative goods and services.

6. Which is to say, if you were to enter the market and arbitrage a price for high reliability of critical infrastructures, the market transactions would be such that you can never be sure you’re getting what you thought you were buying. Much discussion around moral economies and agrarian reform can be described in such terms.

7. This in turn means there are two very different standards of “economic reliability.” The retrospective standard holds the foundational economy–or any economy for that matter–is performing reliably when there have been no major shocks or disruptions from the last time to now. The prospective standard holds the economy is reliable only until the next major shock, where collective dread of that shock is why those networks of reliability professionals try to manage to prevent or otherwise attenuate it. The fact that past droughts have harmed the foundational economy in no way implies people are not managing prospectively to prevent future consequences of drought on their respective FEs–and actually accomplishing that feat.

8. Why does the difference between the two standards matter? In practical terms, the foundational economy is prospectively only as reliable as its critical infrastructures are reliable, right now when it matters for, say, economic productivity or societal sustainability. Indeed, if the latter were equated only with recognizing and capitalizing on retrospective patterns and trends, economic policymakers and managers in the FE could never be reliable prospectively in the Anthropocene.

9. For example, the statement by two well-known economists, “Our contention, therefore, following many others, is that, despite its flaws, the best guide to what the rate of return will be in the future is what it has been in the past” (Riley and Brenner 2025) may be true as far as it goes, but it in no way offers a prospective standard of high reliability in the foundational economy (let alone other economies).

10. So what? A retrospective orientation to where the economy is today is to examine economic and financial patterns and trends since, say, the 2008 financial crisis; a prospective standard would be to ensure that–at a minimum–the 2008 financial recovery could be replicated, if not bettered, for the next global financial crisis. Could the latter be said of the FE in your city, metropolitan area or across the rural landscape of interest?

III

In short, how does your version of agrarian reform shift the odds in favor of the prospective standard for a reliable foundational economy ahead?

Note by way of concluding that the policy-relevant priority isn’t scaling up your reforms beyond the FEs as much as your determining the openness of those FEs to being modified in light of evolving affordances under reforms during the Anthropocene.

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Sources.

Martynovich, M., T. Hansen, and K-J Lundquist (2022). “Can foundational economy save regions in crisis?” Journal of Economic Geography, 1–23 (https://doi.org/10.1093/jeg/lbac027)

Riley, D. and R. Brenner (2025). “The long downturn and its political results: a reply to critics.” New Left Review 155, 25–70 (https://newleftreview.org/?pc=1711)

See also my When Complex is as Simple as it Gets: Guide for Recasting Policy and Management in the Anthropocene and A New Policy Narrative for Pastoralism? Pastoralists as Reliability Professionals and Pastoralist Systems as Infrastructure