The Importance of Economy and Society in the Living World

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The default trajectory is that the superorganism will eat the donut. I fully agree. And in there, you had the household and the commons. The importance for me of dividing the economy up was because the very 20th century economic debate between Milton Friedman and or Hayek and Keynes was very much about the roles of the market and the state. But if you focus only on that, you get this very 20th Century ideological boxing match.

On this episode, Nate is joined by the creator of Doughnut Economics, Kate Raworth, to discuss alternative economies that measure more than just the material wealth created by a society. As we expand further past planetary boundaries, the gap between the standard of living of the materially wealthiest and poorest continues to grow. Increasingly, these shortfalls in both ecological and social well-being of the current economic system are becoming more recognized by the general populace. Can we create systems that keep people from falling down the cracks, while also respecting the limits of our planetary home? Are there governments and businesses already aligning themselves to these principles and shifting to a different way of leading? Could moving towards a holistic system, such as Doughnut Economics, be enough to overcome the energy hungry growth of a global Superorganism?

About Kate Raworth:

Kate Raworth describes herself as a renegade economist focused on making economics fit for 21st century realities. She is the creator of the Doughnut of social and planetary boundaries, and co-founder of Doughnut Economics Action Lab, based on her best-selling book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist. Kate is a Senior Associate at Oxford University’s Environmental Change Institute, where she teaches on the Masters in Environmental Change and Management. She is also Professor of Practice at Amsterdam University of Applied Sciences. She is a member of the Club of Rome and currently serves on the World Health Organisation Council on the Economics of Health for All.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/77-kate-raworth

To watch this video episode on Youtube → https://youtu.be/vBSvN3Ntal4