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Doughnut Economics: 21st Century Economics
Gary Wong, Consultant, Canada, Premium Member
Kate Raworth’s book "Doughnut Economics" is a wake-up call to transform our capitalist worldview obsessed with growth into a more balanced, sustainable perspective that allows both humans and our planet to thrive.
She lists 7 ways to start thinking like 21st century economists:
1. CHANGE THE GOAL: from GDP growth to the Doughnut.
For over half a century, economists have fixated on GDP as the first measure of economic progress, but GDP is a false goal waiting to be ousted. The 21st century calls for a far more ambitious and global economic goal: meeting the needs of all within the means of the planet. Draw that goal on the page and – odd though it sounds – it comes out looking like a doughnut. The challenge now is to create local to global economies that ensure that no one falls short on life’s essentials ...
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Early Adopters of Doughnut Economies
Prasad Chundi, Consultant, India, Member It is a brilliant thought process. We can see that some countries have embraced at least some of these principles quite early and the benefits are ref...
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Doughnut Economics Has to Happen
Cockburn, Manager, United Kingdom, Member Well put. I have said for years we shouldn't solely focus on GDP growth (and I'm not even an economist). I especially like the change in image of huma...
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Change is Happening
Gary Wong, Consultant, Canada, Premium Member @ Cockburn: Here’s the rub. It took a band of university students to revolt against courses being taught that did li...
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Donut Economics
Mark Ianni, United States, Member Socialist redistribution of wealth disguised as 21st century economics. Don't fall for it!...
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Donut Economics
Mark Ianni, United States, Member @ Jaap de Jonge: Of course you don't see socialism or redistribution of Wealth in this model. You're from the Nethe...
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Donut Economics
Shawna-Lee Lawrence, Entrepreneur, Jamaica, Member @ Mark Ianni: There is an innate and purposeful drive to always evolve. If capitalist economics worked so perfectly...
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