Amsterdam Is Embracing a Radical New Economic Theory to Help Save the Environment. Could It Also Replace Capitalism?

Sat, 30 Jan 2021 04:50:38 +1100

Andrew Pam <xanni [at]>

Andrew Pam

"In April 2020, during the first wave of COVID-19, Amsterdam’s city
government announced it would recover from the crisis, and avoid future
ones, by embracing the theory of “doughnut economics.” Laid out by
British economist Kate Raworth in a 2017 book, the theory argues that
20th century economic thinking is not equipped to deal with the 21st
century reality of a planet teetering on the edge of climate breakdown.
Instead of equating a growing GDP with a successful society, our goal
should be to fit all of human life into what Raworth calls the “sweet
spot” between the “social foundation,” where everyone has what they need
to live a good life, and the “environmental ceiling.” By and large,
people in rich countries are living above the environmental ceiling.
Those in poorer countries often fall below the social foundation. The
space in between: that’s the doughnut."

Via tomgrz and Kevin O'Brien.

Share and enjoy,
                *** Xanni ***
--               Andrew Pam                 Chief Scientist, Xanadu            Partner, Glass Wings               Manager, Serious Cybernetics

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