Finally, a breakthrough alternative to growth economics – the doughnut

From The Guardian by George Monbiot  

Wednesday 12 April 2017 Last modified on Thursday 13 April 2017

Instead of growth at all costs, a new economic model allows us to thrive while saving the planet

“We cannot hope to address our predicament without a new worldview. We cannot use the models that caused our crises to solve them. We need to reframe the problem. This is what the most inspiring book published so far this year has done.”

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‘Billions of people still live in the hole in the middle’: a street boy collects stones in Dhaka, Bangladesh. Photograph: Jan MoellerHansen/BarcroftImages

So what are we going to do about it? This is the only question worth asking. But the answers appear elusive. Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the collapse of the living world – those to whom we look for leadership appear stunned, voiceless, clueless. Even if they had the courage to act, they have no idea what to do.

The most they tend to offer is more economic growth: the fairy dust supposed to make all the bad stuff disappear. Never mind that it drives ecological destruction; that it has failed to relieve structural unemployment or soaring inequality; that, in some recent years, almost all the increment in incomes has been harvested by the top 1%. As values, principles and moral purpose are lost, the promise of growth is all that’s left.

You can see the effects in a leaked memo from the UK’s Foreign Office: “Trade and growth are now priorities for all posts … work like climate change and illegal wildlife trade will be scaled down.” All that counts is the rate at which we turn natural wealth into cash. If this destroys our prosperity and the wonders that surround us, who cares?

“Eight men own more than 3.6 billion people do: our economics is broken”   

Continue reading…………

https://www.theguardian.com/commentisfree/2017/apr/12/doughnut-growth-economics-book-economic-model?CMP=soc_567

 

Also visit:     www.evonomics.com

 

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