Questioning the aggressive pursuit of the urban-industrial versionof development which is resource-intensive and anti-poor, this article proposes a radical rethink of the current development practices as well as a reconceptualisation of our civilisational basis. Ruralisation, an alternative development paradigm, which entails creation of self-sufficient villages and urban republics with attached common pool resources, can be adopted to promote equitable and sustainable local economic development and decentralised governance.