Finally, a breakthrough alternative to growth economics – the doughnut
Instead of growth at all costs, a new economic model allows us to thrive while saving the planet.
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.
Lessons from a Stakeholder Engagement Process for Penang, Malaysia
Author: Minal Pathak • MIT-UTM Malaysia Sustainable Cities Program 2017
– Commentary by Eric Britton, Professor of Sustainable Development, Institut Supérieur de Gestion Paris
“Recommended reading for anyone who cares about Penang and Democracy”
On 15 November 2015 US President Barack Obama in a deeply resonant address to an audience of mainly young Greeks in Athens, reminding us of the challenges of democracy in this troubled century, calling for a “course correction” on globalization that has left populations afraid for an uncertain future.
These first excerpts from an excellent, thought-provoking analysis by Adam Davidson published in The New York Times Magazine on 28 July 2015 deserves the closest attention of anyone who wishes to have a balanced understanding of the events shaping what we call here the “Greek crisis”. (A misnomer if there ever were one since what it is really and so tragically if you take the time to think it through is “The European Crisis: A sad tale of greed, incompetence and haste compounded by unbearable hubris”.)
There is definitive proof, for anyone willing to look, that Greece is not solely or even primarily responsible for its own financial crisis. The proof is not especially exciting: It is a single bond, with the identification code GR0133004177. But a consideration of this bond should end, permanently, any discussion of Greece’s crisis as a moral failing on the part of the Greeks.