New 21st Century Economics: Doughnut Economics from Kate Raworth
Updated: Jan 29, 2020
Haven't heard of the Doughnut yet? This video will make it clear!
Maybe you haven't come across this yet and if that is the case, I encourage you to watch this #TEDTalk. I am current reading the book Doughnut Economics, Seven Ways to Think Like a 21st-Century Economist and I am loving it! Can definitely recommend it.
The basic idea of #DoughnutEconomics is moving away from GDP and eternal growth and move into the sweet spot between the social foundation, where all of us have access to the basic needs like housing, food, water, education, a fair wage, health care but also gender equality, a political voice and peace and justice,... and the ecological ceiling where we live in harmony with the environment rather than exploiting it beyond reason.
As you can see in this graphic, we are not doing a very good job! The red parts are showing where we are overshooting and causing lots of environmental harm and where we are falling short meeting the minimal social needs.
If you want to explore this concept further I recommend to read the book or have a look at the following articles and videos:
Kate Raworth website: https://www.kateraworth.com
VPRO Tegenlicht (Dutch TV documentary): https://www.vpro.nl/programmas/tegenlicht/kijk/afleveringen/2017-2018/de-donut-economie.html
Let me know what your thoughts are about this economic thinking!