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.
Missing Points in the Development Dialogue
Degrowth, steady state economics and the circular economy: three distinct yet increasingly converging alternative discourses to economic growth for achieving environmental sustainability and social equity
- By George-Konstantinos Charonis. Presented to the World Economics Association conference of October 2012. Full paper HERE.
Criticisms of the neoclassical economic framework and perpetual growth in GDP terms are not a new phenomenon, although recent years have seen increasing interest in alternative and ecological discourses including degrowth, steady state and circular economics. Although these may initially appear as distinctly different discourses, they are highly compatible and comparable, sharing similar, often nearly identical principles and policy proposals. A more collaborative, joined-up approach aimed at integrating alternative discourses is required in order to build a coherent, credible, well-supported alternative, as there is more uniting than dividing these critical voices, particularly in the face of mainstream political and economic debates that are shaped by neoclassical economics.
Circular Economy: The Future of Business
Symposium of 23 June 2017 – https://goo.gl/af5oEU
École des Ponts Business School
Closing commentary, Eric Britton.
Professor. Sustainable Development, Economy and Democracy.
Institut Supérieur de Gestion, Paris
firstname.lastname@example.org | Twitter @ericbritton | Skype newmobility
INTRODUCTION: I was invited by the Dean and faculty of the Ecole des Ponts Business School to participate in a full day Symposium on the Circular Economy at their campus on 23 June 2017,. The objective of the event was to introduce and invite peer comments on a new program of graduate seminars and faculty research exploring the boundaries and potential of this relatively new, environmentally sensitive planning and process technique, which takes as its starting point to scrutinize and reorganize productive units to eradicate waste systematically, throughout the life cycles and uses of products and their components. I was invited to provide a brief closing summary of what I had observed and heard over the day, with a certain number of recommendations if that should prove useful. My closing remarks are summarized below. For background on the program click to https://lineupr.com/ecole-des-ponts-business-school/circular-economy.
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.
The following listing provides links to selected references from international sources of high quality and with quite different points of view. Access to these sources are, as might be expected, quite uneven. About half of them require that you pay or subscribe to access full text of particles. But over these last weeks we have done fairly well with these addresses, offering as they do some quite different perspectives on these unfolding events.
* The Guardian on Greece – http://www.theguardian.com/world/greece
* Der Spiegel on Greece – http://goo.gl/PgxiPs
* Le Monde on Grèce – http://www.lemonde.fr/crise-grecque/
* Financial Times on Greece – https://goo.gl/2lGPNu
* Krugman on Greece – http://krugman.blogs.nytimes.com/?s=Greece
* The Economist on Greece – http://goo.gl/LjGsf7
Other SDED coverage here:
* SDED on the Greek Crisis – here.
* SDED Facebook Coverage: – here.