Wow, Kate Raworth was really somebody I wanted to listen to an interview from. As an architect working in Amsterdam we're very much trying to progress in terms of circularity and some of the principles laid out in her doughnut economy theory.
I love Kate Raworth and her brilliant depiction of donut economics. Everything she says is sound and credible. She clearly and convincingly describes what’s wrong with the world we live in and the development that have brought us to the brink of extinction but how do we change the “mindset” of people and policymakers to change this direction? For more than 100 years, people have been brainwashed by marketers, sellers, advertisers and governments to believe: you need this, you must have this, you can’t live without, you’re not important without this, which has led to excessive consumption, waste and environmental damage. We are trained to believe that consumption makes us feel good, the more we spend, the happier we are (which of course is a false pretense). The planet does provide enough to go around for everybody but I think the real problem is “misallocation of resources”. Just look at how our tax dollars are being spent…on wars 6000 miles beyond our borders. What purpose does that serve when 20% of the global population is living under poverty level? And what about the corruption?? It may not be obvious at first but corruption can be renamed to describe things like “political donation”, “lobbying” or simply, “fund raising” and then it’s no longer a bad deed. One thing is certain, the planet is dying and we will die along with it if we don’t change our way of thinking, the way we do things, our habits. We need to wake up!!
Work on educating people and look for ways to grow "mini-donuts" and reduce dependence on the larger exploitative economics )like having swap meets, lending libraries for more than books, skills training, fundraisers for empowering and ethical projects, consumer/ housing/ worker co ops, skills/ services swaps, etc.
I used to say that I'd never taken the step of faith required to become an economist. I just kept remembering the ridiculous assumptions underpinning the models and their inadequacies. I'm so glad Kate Raworth didn't give up on economics like I did.
So glad that I found this one! Kate Raworth articulates these ideas so well. And the host as always asks great questions that advance the conversation. I learned about the donut economy model a few years back and am glad to have had the chance to hear from its author here, discussing ideas that I have been digging into lately.
Without doubt one of my favorite episodes of Planet Critical! The positive energy and ideas being bounced off Kate and Rachel had a feeling of joy that usually isn't there in the gloom and doom of such heavy topics. I hope and pray that the kind of world Kate painted comes into fruition and I am so excited to be working towards it in my teeny tiny way. Thank you Rachel, your podcast is a service to us all!
Well done, Rachel. I'm a big fan of Kate's work. Full stop. That said, I'm very skeptical given sociological realities at arriving at a more physically localized and digitally globalized circular economy. I wonder what that "bumpy ride" Kate referred to will look like in the US and the rest of the wealthy, industrialized societies. I shudder to imagine what the global south looks like after a few more decades of climate change and mineral exploitation. I hope humanity and the rest of the living world comes through sufficiently in tact.
Wonderful dialogue and creative content. Seems to me that Kate is the most sincere development of Schumacher’s 1973 work outlined in the book “Small is beautiful” a vision of a low-cost, low violence technology applied locally. Love the emphasis on “life supporting”. I hit the subscribe button which I rarely do.
Great talk and interview with Kate Raworth. Well done. Inspiring topic and I can't wait to see more along these lines. Please look at the great work by Peter Joseph, "The New Human Rights Movement" and Zeitgeist: Requiem (the new film) and Michael Tellinger with One Small Town, based on "Ubuntu Contributionism." I imagine any interview with those guys or any representatives of them doing similar things would be phenomenal! Peak of critical thinking, IMHO is Peter Joseph's system analysis of our society and how we can being to improve it with building a better, viable system, starting locally, but thinking globally.
I feel that we should also rethink the concepts of “jobs” and “wage” (which are fundamental to our current system): Can it be beneficial for society if people don’t always “work” (but e.g., meditate, improve themselves, etc.)? Given that many jobs harm the planet (by producing stuff no one needs) and given that more things are being automated, I think so. Additionally, the distinction between paid and unpaid work is mostly arbitrary. So a vision for the future would be: We use fewer material resources, but work much less, always have enough and always feel safe.
Community cooperatives seem to be the way to start. . . Similar to some villages in Italy that grow vegetables or citrus and sell what they don't need to buy the things they do need. And all is shared amongst everyone residing in the villages. Unfortunately, places like this have been in decline because young people have been propagandized to believe they can do better elsewhere.
How about One Small Town, based on Ubuntu Contributionism with Michael Tellinger? Seems very promising. Huge emphasis on community cooperatives and ecological sustainability.
I’m familiar with doughnut economics and have read the book. But I still feel it’s a bit woolly when it comes to the crunch. The planetary limits she refers to are just that - at the planetary level. But economies are run at the national or regional level. So how do we scale down those limits to be meaningful at those smaller levels, especially in a globalized world where there is a huge amount of exporting and importing going on? Also, what does she have to say about plastics? These are not infinitely recyclable - they degrade when recycled and are lucky to go through a recycle once. Many materials are now made of multiple types bonded together, which makes it extremely difficult to recycle them. Plastics are made from fossil fuels too. Alternatives are often based on agricultural commodities, but this then puts demand on land which is needed for food production. The circular economy sounds good in theory, but has many snags. Waving your hands and saying “local communities have to work it out for themselves” isn’t good enough, in our globalized and heavily interdependent world. They need economic guidance.
You know what we need? We need good stuff instead of bad stuff. And, if unicorns handed out gold and made everything fair and nice i would be very glad. Cities are ecological and humanity destruction. Asking how can we make sustainable cities is like asking how can we grow a forest in concrete or plow a meadow for crops while keeping it natural. Very few people on this show come close to facing the reality that to save the ecology we must live in it instead of next to it. This guest included. Simplicity is inevitable the hard way or the harder way. When people say let’s remove ourselves from fossil fuels they do so without realizing that this means reducing the energy consumption of civilization by more than 95%. The earth’s ecology is a vast dynamic kaleidoscope of interdependency, so aligning ourselves with the ecology of the earth is the best we can hope to achieve to preserve life. We cannot make our own ecology donut to preserve our civilization crap. Kate Raworrh doesn’t realize what this means. There simply is no fossil energy level replacement available to human beings. Consider millions of years of bio-fuel storage concentrated into 300 years of energy use. No amount of energy drawn from anywhere could come close to the scale we’re dealing with. You may as well acknowledge that humanity is going on a permanent camping trip without a supermarket to resupply the picnic basket. This is gardening, foraging fishing , traveling and hunting without the help of machines. This is one of three possible futures. 1 nuclear war 2. returning to what we can do with our hands and simple tools and 3. destroying the ecology so badly trying the preserve civilization that the earth becomes uninhabitable. Merry Christmas folks.
I think you should have Kate Raworth back, and ask her how the Donut Economy can deal with plus/minus 40° lattitude becoming an unlivable hot zone, unable to support agriculture. The number of people that half the planet, much of it above the Arctic Circle, must be considerably different.
KR makes many good points but there is a lot of vagueness too. To begin to solve the CC issue it surely requires a wholesale restructuring of not only the economy but people's expectations in terms of how much we need to consume. She talks about car sharing and better public transport. Both good, but not a recipe to tackle the enormity of the shift from current global economic system to the one she has outlined.
Professor Raworth's mission to use economic policy to change the course of history in the direction of human wellbeing is to be applauded. I have listened to her speak elsewhere and believe I have a clear understanding of the changes she believes will achieve the desired outcomes. If I had the opportunity to interview her, my main questions would be to explore whether she continues to embrace the two-factor model of wealth production and distribution as contained in neoclassical theory; or, has she concluded that the three-factor model treating nature (i.e., land) as a factor of production with very distinct characteristics from both labor and capital (by which I mean tangible capital goods, as distinct from the financial assets). This distinction is, I have come to understand, fundamentally important in the development of public policies that reward the production of goods and the delivery of useful services rather than rewarding rent-seeking behaviors and speculation.
Donuts are pleasing food , but the image itself cannot change anything ! What is needed in order to change things in our world is to understand balance of interests socially , nationally , regionally and globally ! How can we change the present distribution of powers , distribution of natural wealth and resources etc....
all roads seem to converge at a resource based economy. a moneyless society where we can actually survive, and then thrive with technology, sustainably is just the logical step. i wish the best possible idea for the future i discussed more and not having nice ideas that can not work within the system we have now, we need re rebuild everything.
Economics 101 - It isn't easy to luv an enemy, because this goes against ur most basic survival instinct but it can be done and turned to an advantage but in the end when we become death, death is the seed from which I GROW. In conclusion blessed are the meek for they shall inherit the earth 🌎 ( or in the his case. . . The Donut ? ) Thanks - K Very impressive & inspirational
I love what Kate raworth recommends in Donut Economics. However, she recommended Costa Rica and I think the information she has is at 10, if not 20 years old. Costa Rica now has high levels of violence and economic inequality. The president is authoritarian and we'll see what happens in the future with such a person in charge
Yes. I thought that but she seems to be pointing at our manufactured need for capitalism rather than capitalism itself. It was a small step from Feudalism at the beginning and has only gotten worse. What motivates people to ignore how bad it has always been is what she and we should be addressing.
I thought it was a gobsmacking moment when she said she didn’t know, especially since she referred to the Mont Pelerin society at another point. Pretty obviously, it’s because power structures have been co-opted by big business.
Good question as KR doesn't critique how the military industrial complet is eating the Western worlds economy and destroying entire nation states.... Where's the MIC Leviathan in he dontmut???
Actually the solution time for humanities' multicrisies was 50 years ago. Now humanity has past the point of return. With about 85% of global energy coming from fossil fuels and those fuels needed to mine, refine, transport the materials necessary for the massive infrastructure that is low emissions energy. But those fossil fuels are rapidly depleting. All the while those fossil fuels are accelerating gglobal warming.
Regarding the "endless population growth" quote t 39:00 minutes: China has now abandonded 'One child' policy, and the foresight for Nigeria (unless action) is set for 450 mio people in 2050 and 733 mio in the year 2100
The extreme case of population growth is obviously true, but we are not near our potential limits.We do not need rare earth metals for EVs, and Tesla is demonstrating that in the real world. We can recycle nearly 100% of batteries thereby dramatically reducing the need for extraction, the most destructive part of our economy. We can have an emission-free grid that supplies all our energy needs without carbon and particulate emissions. We can satisfy all of our protein needs in labs from precision fermentation thereby undermining industrial agriculture and returning land to the wild. That in turn will help pull excess carbon from the atmosphere and sequester in plants and trees. We are nearing an age of abundance and prosperity by disrupting technology in energy, transport, manufacture, and shelter. AI will relieve us from work. We have to work out equitable distribution and unseat the powers that be to attain true clean sustainable prosperity, but that too is doable and probably peaceably doable. All big problems can be solved. Btw, I've gone from loving the work of Joseph Stiglitz to admiring Kate Raworth, Marianna Mazzucato, Stephanie Kelton, and Paulina Perch??? My favorite economists are all women. If you'd told me that in y2k I would have been sceptical. To Kate, keep up the great work bu integrate MMT, technology disruption a la Tony Seba and Adam Dorr, and keep your eye on Tesla and AI. That's a framework for abundant prosperity.
Dear Rachel. I'm with you in as far as continuous growth is not possible. That doesn't permit to just repeat silly political excuses, like in min 17 "cost of living is an issue since the Ukraine war", to the contrary, your critical spirit (that I truly admire) should have checked this excuse of leading politicians. Inflation, energy prices and raw material prices were raising well before the Ukraine war. It was accelerated by that war, but the war didn't start it. That's just a small remark, it doesn't take away from an overall good podcast! Minute 45: a crucial psychological fact about humans is that we are "strongly loss averse". Please read the excellent book "thinking - fast and slow" by Kahneman. A really excellent book. Unfortunately, I do not agree with Ms. Raworth about her answer. It draws on the modern economy, that, as she claims (correctly in my view), cannot continue. So your "internet 4.0" small local company will not work. Things will become much more expensive. That will cause degrowth that we need. It is likely to also create anarchy and death. But then again, world population must come down. Turbulent twenties is going to go over into whirlpool thirties I'm afraid. Again, good podcast, thanks!
I think global population is growing towards a cliff not a plateau. Is another world emerging or is our only planet regurgitating on us? Also, donut economics makes me think of too many pigs eating too many donuts which is what we currently have. Anyone else have a super cereal climate crush on Rach? If not for Al Gore’s rhythm her channel would be much more popular…
@@PlanetCritical I remember when BP oil wrecked the Gulf of Mexico with a leak and were charged $20 billion, it didn't matter to them they just sold more oil.
@@PlanetCritical I just suspect you can't punish or tax them without it coming right back to the cost to the consumer. Now if we could force them to sell their products at a government regulated price and/or oversee how much and to whom they compensate and regulate that too.
@@TennesseeJed universal regulated pricing can be problematic as it is difficult to manage the fluctuations in pricing effectively at state level. Gosplan tried. Prices are always tied to money supply and availability of goods and services. Government can only effectively act as a buffer on pricing. I suspect we need to focus more on managing the fair distribution and redistribution of resources. How about making essential consumption free? Price non essential consumption only, with an escalator tax on multiples aimed at reducing over consumption.
Unfortunately doughnut economics will never expand beyond the individual level because of a simple fact that nobody wants to talk about, and that is the oligarchs who require infinite growth will never allow it. We have a common, identifiable enemy and unless we figure out a way to fight and defeat this enemy, we are doomed. Everything else is just window dressing.
No higher wages first. The vast majority of GDP growth goes to the ownership class. the top 1%. CEO wages have increased significantly while it has stagnated for the worker.
a) political suicide for any movement b) not the most pressing issue c) educating women and girls and providing access to birth control slows population growth and is inherently good and popular anyway, focus on that
There is no free-market. There are no free or fair elections. There is only cult economics. The global cult of sovereign bank's militarily enforced Exclusive Economic Zones, monopoly currency, and Apartheid concentration camps are a forced religion were people are stock cattle traded on international 'stock' markets. The forced separation of people from markets is Apartheid monopoly. The exploitation of people, as the intellectual title of systemic colonial bankers, is endemic to almost every city. Everyone is addressed as the title of a monopoy bank. Everyone is subject to monopoly currency. To test if you are a forced subject, title, of a so-called sovereign corporation try and change your title to the name your parents gave you. Try and completely de-register as a voter in a so-called sovereign state. Remember that a statement of sovereignty is not secular. Remember too that title is a legal handle to ownership.
Pipe dreams and a wish list. Lovely, but have you looked further than the first world? The planet is at war. For resources, mainly. 'All we have to do is universally agree to live like rural India'? Give me a break, and move through stage three of five in the five stages of grief. You are at 'Bargaining'. Next is Depression, then finally Acceptance. Hurry up, for your own sake. Hope is now futile and misleading.
Wonderful dialogue and creative content. Seems to me that Kate is the most sincere development of Schumacher’s 1973 work outlined in the book “Small is beautiful” a vision of a low-cost, low violence technology applied locally. Love the emphasis on “life supporting”. I hit the subscribe button which I rarely do.
Wow, Kate Raworth was really somebody I wanted to listen to an interview from. As an architect working in Amsterdam we're very much trying to progress in terms of circularity and some of the principles laid out in her doughnut economy theory.
Fascinating! I'd love to learn more about how you're applying her theory to building plans!
I love Kate Raworth and her brilliant depiction of donut economics. Everything she says is sound and credible. She clearly and convincingly describes what’s wrong with the world we live in and the development that have brought us to the brink of extinction but how do we change the “mindset” of people and policymakers to change this direction? For more than 100 years, people have been brainwashed by marketers, sellers, advertisers and governments to believe: you need this, you must have this, you can’t live without, you’re not important without this, which has led to excessive consumption, waste and environmental damage. We are trained to believe that consumption makes us feel good, the more we spend, the happier we are (which of course is a false pretense). The planet does provide enough to go around for everybody but I think the real problem is “misallocation of resources”. Just look at how our tax dollars are being spent…on wars 6000 miles beyond our borders. What purpose does that serve when 20% of the global population is living under poverty level? And what about the corruption?? It may not be obvious at first but corruption can be renamed to describe things like “political donation”, “lobbying” or simply, “fund raising” and then it’s no longer a bad deed. One thing is certain, the planet is dying and we will die along with it if we don’t change our way of thinking, the way we do things, our habits. We need to wake up!!
Work on educating people and look for ways to grow "mini-donuts" and reduce dependence on the larger exploitative economics )like having swap meets, lending libraries for more than books, skills training, fundraisers for empowering and ethical projects, consumer/ housing/ worker co ops, skills/ services swaps, etc.
Thank you Rachel, Kate Raworth gives us all hope for a better future
what bits gave you hope ?
Kate and Rachel -you two are brilliant! Thank you!
I used to say that I'd never taken the step of faith required to become an economist. I just kept remembering the ridiculous assumptions underpinning the models and their inadequacies. I'm so glad Kate Raworth didn't give up on economics like I did.
So glad that I found this one! Kate Raworth articulates these ideas so well. And the host as always asks great questions that advance the conversation.
I learned about the donut economy model a few years back and am glad to have had the chance to hear from its author here, discussing ideas that I have been digging into lately.
Without doubt one of my favorite episodes of Planet Critical! The positive energy and ideas being bounced off Kate and Rachel had a feeling of joy that usually isn't there in the gloom and doom of such heavy topics. I hope and pray that the kind of world Kate painted comes into fruition and I am so excited to be working towards it in my teeny tiny way. Thank you Rachel, your podcast is a service to us all!
Sharing will save the world.
Well done, Rachel. I'm a big fan of Kate's work. Full stop. That said, I'm very skeptical given sociological realities at arriving at a more physically localized and digitally globalized circular economy. I wonder what that "bumpy ride" Kate referred to will look like in the US and the rest of the wealthy, industrialized societies. I shudder to imagine what the global south looks like after a few more decades of climate change and mineral exploitation. I hope humanity and the rest of the living world comes through sufficiently in tact.
Wonderful dialogue and creative content. Seems to me that Kate is the most sincere development of Schumacher’s 1973 work outlined in the book “Small is beautiful” a vision of a low-cost, low violence technology applied locally. Love the emphasis on “life supporting”. I hit the subscribe button which I rarely do.
Wow, looking forward to this one!
Great talk and interview with Kate Raworth. Well done. Inspiring topic and I can't wait to see more along these lines.
Please look at the great work by Peter Joseph, "The New Human Rights Movement" and Zeitgeist: Requiem (the new film) and Michael Tellinger with One Small Town, based on "Ubuntu Contributionism." I imagine any interview with those guys or any representatives of them doing similar things would be phenomenal!
Peak of critical thinking, IMHO is Peter Joseph's system analysis of our society and how we can being to improve it with building a better, viable system, starting locally, but thinking globally.
I feel that we should also rethink the concepts of “jobs” and “wage” (which are fundamental to our current system): Can it be beneficial for society if people don’t always “work” (but e.g., meditate, improve themselves, etc.)? Given that many jobs harm the planet (by producing stuff no one needs) and given that more things are being automated, I think so. Additionally, the distinction between paid and unpaid work is mostly arbitrary.
So a vision for the future would be: We use fewer material resources, but work much less, always have enough and always feel safe.
Community cooperatives seem to be the way to start. . . Similar to some villages in Italy that grow vegetables or citrus and sell what they don't need to buy the things they do need. And all is shared amongst everyone residing in the villages. Unfortunately, places like this have been in decline because young people have been propagandized to believe they can do better elsewhere.
How about One Small Town, based on Ubuntu Contributionism with Michael Tellinger? Seems very promising. Huge emphasis on community cooperatives and ecological sustainability.
Inspirational Kate thank you.
I’m familiar with doughnut economics and have read the book. But I still feel it’s a bit woolly when it comes to the crunch. The planetary limits she refers to are just that - at the planetary level. But economies are run at the national or regional level. So how do we scale down those limits to be meaningful at those smaller levels, especially in a globalized world where there is a huge amount of exporting and importing going on?
Also, what does she have to say about plastics? These are not infinitely recyclable - they degrade when recycled and are lucky to go through a recycle once. Many materials are now made of multiple types bonded together, which makes it extremely difficult to recycle them. Plastics are made from fossil fuels too. Alternatives are often based on agricultural commodities, but this then puts demand on land which is needed for food production.
The circular economy sounds good in theory, but has many snags.
Waving your hands and saying “local communities have to work it out for themselves” isn’t good enough, in our globalized and heavily interdependent world. They need economic guidance.
You know what we need? We need good stuff instead of bad stuff. And, if unicorns handed out gold and made everything fair and nice i would be very glad. Cities are ecological and humanity destruction. Asking how can we make sustainable cities is like asking how can we grow a forest in concrete or plow a meadow for crops while keeping it natural. Very few people on this show come close to facing the reality that to save the ecology we must live in it instead of next to it. This guest included. Simplicity is inevitable the hard way or the harder way.
When people say let’s remove ourselves from fossil fuels they do so without realizing that this means reducing the energy consumption of civilization by more than 95%. The earth’s ecology is a vast dynamic kaleidoscope of interdependency, so aligning ourselves with the ecology of the earth is the best we can hope to achieve to preserve life. We cannot make our own ecology donut to preserve our civilization crap. Kate Raworrh doesn’t realize what this means. There simply is no fossil energy level replacement available to human beings. Consider millions of years of bio-fuel storage concentrated into 300 years of energy use. No amount of energy drawn from anywhere could come close to the scale we’re dealing with. You may as well acknowledge that humanity is going on a permanent camping trip without a supermarket to resupply the picnic basket. This is gardening, foraging fishing , traveling and hunting without the help of machines. This is one of three possible futures. 1 nuclear war 2. returning to what we can do with our hands and simple tools and 3. destroying the ecology so badly trying the preserve civilization that the earth becomes uninhabitable. Merry Christmas folks.
I think you should have Kate Raworth back, and ask her how the Donut Economy can deal with plus/minus 40° lattitude becoming an unlivable hot zone, unable to support agriculture. The number of people that half the planet, much of it above the Arctic Circle, must be considerably different.
KR makes many good points but there is a lot of vagueness too. To begin to solve the CC issue it surely requires a wholesale restructuring of not only the economy but people's expectations in terms of how much we need to consume. She talks about car sharing and better public transport. Both good, but not a recipe to tackle the enormity of the shift from current global economic system to the one she has outlined.
Professor Raworth's mission to use economic policy to change the course of history in the direction of human wellbeing is to be applauded. I have listened to her speak elsewhere and believe I have a clear understanding of the changes she believes will achieve the desired outcomes. If I had the opportunity to interview her, my main questions would be to explore whether she continues to embrace the two-factor model of wealth production and distribution as contained in neoclassical theory; or, has she concluded that the three-factor model treating nature (i.e., land) as a factor of production with very distinct characteristics from both labor and capital (by which I mean tangible capital goods, as distinct from the financial assets). This distinction is, I have come to understand, fundamentally important in the development of public policies that reward the production of goods and the delivery of useful services rather than rewarding rent-seeking behaviors and speculation.
Donuts are pleasing food , but the image itself cannot change anything ! What is needed in order to change things in our world is to understand balance of interests socially , nationally , regionally and globally ! How can we change the present distribution of powers , distribution of natural wealth and resources etc....
brilliant!
all roads seem to converge at a resource based economy. a moneyless society where we can actually survive, and then thrive with technology, sustainably is just the logical step. i wish the best possible idea for the future i discussed more and not having nice ideas that can not work within the system we have now, we need re rebuild everything.
Economics 101 -
It isn't easy to luv an enemy, because this goes against ur most basic survival instinct but it can be done and turned to an advantage but in the end when we become death, death is the seed from which I GROW. In conclusion blessed are the meek for they shall inherit the earth 🌎 ( or in the his case. . . The Donut ? )
Thanks - K
Very impressive & inspirational
I love what Kate raworth recommends in Donut Economics.
However, she recommended Costa Rica and I think the information she has is at 10, if not 20 years old. Costa Rica now has high levels of violence and economic inequality. The president is authoritarian and we'll see what happens in the future with such a person in charge
28:00 I do❤
Corporate profits are in the process of being redistributed more fairly: formulary apportionment is coming!
23:00 ...
"Why we ended up in this mess?" - is a very easy question. The answer is, obviously: capitalism. Kate surely knows this.
Yes. I thought that but she seems to be pointing at our manufactured need for capitalism rather than capitalism itself. It was a small step from Feudalism at the beginning and has only gotten worse. What motivates people to ignore how bad it has always been is what she and we should be addressing.
I thought it was a gobsmacking moment when she said she didn’t know, especially since she referred to the Mont Pelerin society at another point. Pretty obviously, it’s because power structures have been co-opted by big business.
25:58 25:59 "...how do we ensure..." UBI. Next.
Population numbers are key.
How do you fund and keep modern our Armed Forces ?
Stop fighting!! Get a life.
Good question as KR doesn't critique how the military industrial complet is eating the Western worlds economy and destroying entire nation states....
Where's the MIC Leviathan in he dontmut???
Actually the solution time for humanities' multicrisies was 50 years ago. Now humanity has past the point of return. With about 85% of global energy coming from fossil fuels and those fuels needed to mine, refine, transport the materials necessary for the massive infrastructure that is low emissions energy. But those fossil fuels are rapidly depleting. All the while those fossil fuels are accelerating gglobal warming.
Regarding the "endless population growth" quote t 39:00 minutes: China has now abandonded 'One child' policy, and the foresight for Nigeria (unless action) is set for 450 mio people in 2050 and 733 mio in the year 2100
38:50 38:51 38:52 38:53
The extreme case of population growth is obviously true, but we are not near our potential limits.We do not need rare earth metals for EVs, and Tesla is demonstrating that in the real world. We can recycle nearly 100% of batteries thereby dramatically reducing the need for extraction, the most destructive part of our economy. We can have an emission-free grid that supplies all our energy needs without carbon and particulate emissions. We can satisfy all of our protein needs in labs from precision fermentation thereby undermining industrial agriculture and returning land to the wild. That in turn will help pull excess carbon from the atmosphere and sequester in plants and trees. We are nearing an age of abundance and prosperity by disrupting technology in energy, transport, manufacture, and shelter. AI will relieve us from work. We have to work out equitable distribution and unseat the powers that be to attain true clean sustainable prosperity, but that too is doable and probably peaceably doable. All big problems can be solved. Btw, I've gone from loving the work of Joseph Stiglitz to admiring Kate Raworth, Marianna Mazzucato, Stephanie Kelton, and Paulina Perch??? My favorite economists are all women. If you'd told me that in y2k I would have been sceptical. To Kate, keep up the great work bu integrate MMT, technology disruption a la Tony Seba and Adam Dorr, and keep your eye on Tesla and AI. That's a framework for abundant prosperity.
Are you aware of how of so called "reciclable" is a scam?
Dear Rachel. I'm with you in as far as continuous growth is not possible. That doesn't permit to just repeat silly political excuses, like in min 17 "cost of living is an issue since the Ukraine war", to the contrary, your critical spirit (that I truly admire) should have checked this excuse of leading politicians. Inflation, energy prices and raw material prices were raising well before the Ukraine war. It was accelerated by that war, but the war didn't start it.
That's just a small remark, it doesn't take away from an overall good podcast!
Minute 45: a crucial psychological fact about humans is that we are "strongly loss averse". Please read the excellent book "thinking - fast and slow" by Kahneman. A really excellent book.
Unfortunately, I do not agree with Ms. Raworth about her answer. It draws on the modern economy, that, as she claims (correctly in my view), cannot continue. So your "internet 4.0" small local company will not work. Things will become much more expensive. That will cause degrowth that we need. It is likely to also create anarchy and death. But then again, world population must come down. Turbulent twenties is going to go over into whirlpool thirties I'm afraid.
Again, good podcast, thanks!
Scientists, economists...one dimensional professionals are useless. You need to find a scientific historian who also understands social economy.
I think global population is growing towards a cliff not a plateau. Is another world emerging or is our only planet regurgitating on us? Also, donut economics makes me think of too many pigs eating too many donuts which is what we currently have. Anyone else have a super cereal climate crush on Rach? If not for Al Gore’s rhythm her channel would be much more popular…
We are krill for the Wall Street whales...I think any move up the economic food chain would be good.
I like the idea of taxation on the huge corporate profits, but won't they in turn increase their price to the consumer to make up the difference?
I suppose it depends if they then price their consumers out?
@@PlanetCritical I remember when BP oil wrecked the Gulf of Mexico with a leak and were charged $20 billion, it didn't matter to them they just sold more oil.
@@PlanetCritical I just suspect you can't punish or tax them without it coming right back to the cost to the consumer. Now if we could force them to sell their products at a government regulated price and/or oversee how much and to whom they compensate and regulate that too.
@@TennesseeJed universal regulated pricing can be problematic as it is difficult to manage the fluctuations in pricing effectively at state level. Gosplan tried. Prices are always tied to money supply and availability of goods and services. Government can only effectively act as a buffer on pricing.
I suspect we need to focus more on managing the fair distribution and redistribution of resources. How about making essential consumption free? Price non essential consumption only, with an escalator tax on multiples aimed at reducing over consumption.
Unfortunately doughnut economics will never expand beyond the individual level because of a simple fact that nobody wants to talk about, and that is the oligarchs who require infinite growth will never allow it. We have a common, identifiable enemy and unless we figure out a way to fight and defeat this enemy, we are doomed. Everything else is just window dressing.
Burundi
Population reduction first, please.
You first.
A global population of 1 trillion could sustain itself just fine.
No higher wages first. The vast majority of GDP growth goes to the ownership class. the top 1%. CEO wages have increased significantly while it has stagnated for the worker.
a) political suicide for any movement
b) not the most pressing issue
c) educating women and girls and providing access to birth control slows population growth and is inherently good and popular anyway, focus on that
@@artfuldodger5933 Thank you.
There is no free-market. There are no free or fair elections. There is only cult economics.
The global cult of sovereign bank's militarily enforced Exclusive Economic Zones, monopoly currency, and Apartheid concentration camps are a forced religion were people are stock cattle traded on international 'stock' markets.
The forced separation of people from markets is Apartheid monopoly. The exploitation of people, as the intellectual title of systemic colonial bankers, is endemic to almost every city. Everyone is addressed as the title of a monopoy bank. Everyone is subject to monopoly currency.
To test if you are a forced subject, title, of a so-called sovereign corporation try and change your title to the name your parents gave you. Try and completely de-register as a voter in a so-called sovereign state. Remember that a statement of sovereignty is not secular. Remember too that title is a legal handle to ownership.
Pipe dreams and a wish list. Lovely, but have you looked further than the first world? The planet is at war. For resources, mainly. 'All we have to do is universally agree to live like rural India'? Give me a break, and move through stage three of five in the five stages of grief. You are at 'Bargaining'. Next is Depression, then finally Acceptance. Hurry up, for your own sake. Hope is now futile and misleading.
It must be nice to know the future.
@@artfuldodger5933 No, it isn't. Just for the hell of it and because you heard my prediction, let's hear yours...
Wonderful dialogue and creative content. Seems to me that Kate is the most sincere development of Schumacher’s 1973 work outlined in the book “Small is beautiful” a vision of a low-cost, low violence technology applied locally. Love the emphasis on “life supporting”. I hit the subscribe button which I rarely do.