TED Talks Daily A healthy economy should be designed to thrive, not growth | Kate Raworth
Nov 29, 2019
In this enlightening discussion, Kate Raworth, an Oxford economist renowned for her innovative ideas on sustainable economics, challenges traditional views on economic growth. She introduces the concept of a 'doughnut economy,' advocating for systems that ensure everyone meets essential needs without overshooting the planet's ecological limits. Raworth highlights the flaws of GDP-centric models and proposes a transformative approach prioritizing thriving communities and environmental health over relentless consumption and expansion. It's a call for a reimagined economic future!
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Rethinking Economic Progress
- Economic progress isn't always a straight line upwards.
- We need economies that prioritize thriving over mere growth, especially in wealthy nations.
The Growth Obsession
- GDP became the primary focus of policymaking, leading to an obsession with growth.
- Rostow's 'Stages of Economic Growth' promoted unending growth without considering its endpoint.
Addicted to Growth
- We're addicted to growth financially, politically, and socially.
- These addictions stem from systems focused on monetary returns, tax revenue, and consumerism.
