Let's open up the black box of capitalism. I discussed what it means & what it does with @BernieSanders and @martinwolf_ on @BBCR4 last week. Here's how I defined it - how would you put it differently? 1/n
This definition was particularly inspired by the works of Nancy Fraser, @marjorie_kelly and Katharina Pistor - thank you all. 2/n.
It wasn’t always easy to get a word in edgeways on the programme (you might notice) - so it was great to hear @rajandatar featured some of what I shared about democratising the economy on #PickOfTheWeek - from 23 mins bbc.co.uk/sounds/play/m0…. 4/4
Hey Twitter Hive mind. I'm seeking ace short videos that show real world complexity in action - from a murmuration of starlings in Ireland to traffic flow in Ho Chi Minh City. See my picks in thread below - & please share more. 5 mins max is ideal - thx! vimeo.com/31158841
Spontaneous 'phantom' traffic jam...
Compare that with traffic flow in Ho Chi Minh City...
I am so so sorry to hear that the brilliant Herman Daly - founding father of ecological economics - has died. His paradigm-changing work flipped my little econ head inside out & inspired me to write a book on rewriting economics… Here are just some of his big ideas 1/n.
First, the problem: in mainstream economics, destruction of the living world is treated as an 'environmental externality'. As Daly wrote, ”we classify things as ‘external costs’ for no better reason than because we have made no provision for them in our economic theories”.
He flipped the story inside out, depicting the economy as a subsystem of the living world, dependent on Earth's sources & sinks, and constrained by nature's regenerative capacities. This redrawing is *the most radical act* of 21st century economics (and all it takes is a pencil).
The UK government's ruthless and reckless policies that "go for growth” require us all to ask the essential questions that Donella Meadows - mother of systems thinking - set out decades ago. So join me in answering these questions... 1/n
Big news! For any city, district, neighbourhood or nation wanting to put Doughnut Economics into practice where you are - DEAL has just launched a *fantastic* set of tools to help you get started. Join the community @DoughnutEcon and dive in. 1/n. doughnuteconomics.org/news/48
Here’s the essential perspective that the tools invite you to explore in your own locality – both social and ecological, combining local aspirations with global responsibilities. They invite a holistic approach to remaking the future of the places where we live. 2/n.
For any consultancies or NGOs interested in making use of these tools as part of their professional advisory services, here is DEAL's new policy: please read & follow so we can collectively ensure that this work spreads widely and spreads well. doughnuteconomics.org/news/49
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I'm heading to London again today to stand with @XRebellionUK. Here's why....1/n.
I’ve dedicated the last 15 years of my working life to tackling climate & ecological breakdown. Since 2006 I have authored reports, briefed politicians, engaged with companies, talked to the media, written a book, set up an organisation, become an academic...
Back in 2006, when I first got engaged in this work - joining many who had already been working on it for decades - if you’d told me that by 2021 we’d only have got this far, I’d have wept. We have left it so very late and must act decisively, now.
It was a privilege to contribute #Newsnight yesterday – but there is never enough time to do justice to the arguments. So here’s what I actually wanted to say, in 5 tweets…0/5...
1. Humanity’s essential 21st century task is to pull back within planetary boundaries, while meeting the needs of all people for the first in history. The new IPCC report makes clear the urgency of cutting global GHG emissions, & the irreversible consequences of failing to do so.
2. There is no compelling evidence to date that high-income nations can cut their GHG emissions & material footprints at the speed and scale required while still pursuing endless GDP growth. @JasonHickeltandfonline.com/doi/abs/10.108…