Doughnut Economics

"It is wealth - not poverty - that is putting this planet under pressure." - Kate Raworth

Doughnut Economics is a global compass to help guide us through the 20th century. Kate Raworth explains the fundamentals behind this concept that essentially calls for a more realistic paradigm to envision our economic future. Doughnut Economics outlines nine planetary boundaries for sustainability. Sadly we have surpassed three of those boundaries - climate change, biodiversity loss and nitrogen and phosphorus cycle - making for an unsustainable planet. Moreover, we fall far below the social foundation boundary for a healthy planet. What is encouraging though is that ending deprivation will not put pressure on the planerty boundaries. To feed the hungry we only need 1% of global food supplies. Electricity for all would only add less than 1% to global carbon emissions. And it would only take 0.2% of global income to relieve poverty. How to make change for the better? For starters, according to Raworth 1) bring diverse voices to economic planning; 2) make use of diverse metrics when measuring economic systems; and 3) widen the concept of economic development beyond just growth. We have called for biodiversity and cultural diversity. Is it time for economic diversity? Watch now: http://www.youtube.com/watch?v=PCAx3TG8LkI and http://www.youtube.com/watch?v=2_AMEAnWyRk