Corona has exposed many weaknesses, including our lack of health care system capability. It has also opened up some possibilities for permanent changes for example as people start to appreciate the reduction in noise, how the air is better, etc.
Covid has shown us that we are all in this together. It is as a whole we can progress, to quote the Sustanable Development Goals , no one left behind. The current system is fundamentally flawed at a basic level because its very construction leaves people behind and obfuscates how people – including the organisations we have created -really are in this all together.
These video lessons take you through a systemic approach to sustainability using as an example the challenge of nitrogen cycle destabilisation and the systems analysis tool KUMU. You should be able to carry out your own analyses after this.
The recent article on Regenerative Economics got a lot of reads (for this blog at least). It raised a lot of interesting questions, some of which I will address below. First, I need to re-iterate a few things. The first is the big take-away I was aiming for:
for the capability of a nation to provide basic needs to everyone, a measure of the state of real capital and the performance of the aggregate of the organisations employing that capital are essential for informing policy.
not all economy can come under this measurement. Definitely not the art market.
the essence of the regenerative economy is to put in place measures, track and respond to the state of the Real Capital that is employed to provide the security of the basics.
the focus must always be on stewarding and regenerating the capital needed to provide basic services.
The Baltic-one of the most polluted waters on Earth is in fact a treasure trove of easy-to -retrieve minerals, metals and composting material. If you remove the sediment that contains the legacy of hundreds of years of latrine and chemical farming you restore the waters and get pristine raw materials.
The restauration of the Baltic would be a gigantic win for the circular economy. It might require a shift. Either we pay little for our food and sewage and a lot (via taxes) for restoration or we pay more for food and sewage and much less to restore our nature.
Let’s take a look back to the year where circular economy took centre stage; involving our consulting service and seeing the launch of the Academy of Investors in Peace and their online circular economy courses.
We are in a time of transition. The world no longer seems to present vast frontiers of new forests to fell, mineral wealth under our feet to extract, or of new soils to plough. Instead the Earth has become more like a garden which we realise we need to steward carefully to keep it productive.
We also see another transition, from societies where everyone more or less had the basics to massive inequalities where for instance in the UK, one in 200 is homeless.
At least from a European perspective, where the state is seen as the protector of people and resources, and firms are partners in providing what people need, we can see this a massive market failure.
This week, the Investors in Peace Academy published two new titles under the category of Peace with the Earth. Each E-book is free to download (you will need to register for updates but you can opt out at any time.)
My recent article on how come capitalism is an extractive practice, and the later explainer of how it degrades real capital got, for me at least, a lot of interest. Very few, however, asked what could be done about it. Once you know the problem you are a long way to solving it. There are several ways to turn the extractive nature of capitalism around, and they are surprisingly simple. Read on!