A Healthy Economy Should Be Designed to Thrive, Not Grow PDF Summary


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Originally published at: https://blog.12min.com/a-healthy-economy-should-be-designed-to-thrive-not-grow-pdf/

Ever since the Stone Age, people used their craftiness to build various tools to help them in the struggle for survival.

From a genetic standpoint, the urge within a human-mind has always been the main trigger which prompts us to take action and grow.

In the modern age, we failed to allocate all resources with a level of morality, and thus imposed this inequality and poverty.

Stay with us to find out what Kate suggest the society should do!

Who Should Read “A Healthy Economy Should Be Designed to Thrive, Not Grow”? And Why?

Well, if you are not concerned about the economy and the wellbeing of your friends and family – this book is not for you. Other than that, we believe that leaving no stone unturned regarding the threat which lurks around us, is the primary approach one should take.

Therefore, “A Healthy Economy Should Be Designed to Thrive, Not Grow” should be on your reading list!

About Kate Raworth

Kate RaworthKate Raworth currently works at Oxford University’s Environmental Change Institute as a senior visiting research associate.

Kate Raworth is renowned for “Doughnut Economics” – a book that questions the mainstream economy.

"A Healthy Economy Should Be Designed to Thrive Not Grow PDF Summary"

There’s saying – Stagnation doesn’t exist, if you are not going up, don’t be surprised if you hit the bottom sooner rather than later. The society guided by the same logic tires to intertwine progress and growth in order to get the idea of how useful or misleading our beliefs have become.

Let’s take newborns for example – For instance what would happen if the baby is left to learn on its own? The baby would eventually try to walk and feed itself. As you can see, even genetics tell you that humans are prone to expansion and learning.

In the early 1930s, just about the time Europe was covered in darkness due to the Economic Collapse, economist developed or create the GDP – Gross Domestic Product. It was formed on the grounds of observing and ultimately finding a stable solution to economic fluctuations.

Is growth all we need? According to 1960 classic – “The Stages of Economic Growth” such hypocrisy depicts all levels of progressive society, in which the final stage is actually mass consumerism. Such authentic predictions call into question the core of the modern society!

Perhaps, the author even chooses harsh words to portray all people as growth-junkies. Being financially and politically oriented towards expansion leads to vast social differences and inequality on a global scale. Politicians try to paint quite a picture when they present the new financial reality!

The destabilization rather occurs, because growth is somehow an exclusive right to 1% of the people, who take all the credit for everyone’s hard work. So, it’s evident that growth is not the best option!

Kate Raworth is not joking when she claims that society must replace the growth-pattern driven by money-making machinery. For real progress to work, we must stretch the boundaries by perceiving financial momentum in different ways.

This new model should include various standards that will then launch a full-scale campaign in evaluating the societal prosperity. Kate emphasizes the doughnut, which signifies the plight of those living without access to basic human necessities such as water and healthcare.

The main or as Kate named it “the dual challenge” is to bring population’s needs in line with the ever-lasting progression. The doughnut phenomenon, explains how and why people have already failed in establishing a stable base for handling these challenges.

There’s a scarcity of resources, and that’s not the worst part. Nature implies that growth doesn’t come absent cost, and upon reaching maturity people should take a break.

In reality, promoting growth as an eternal process is something similar to writing your own death sentence. Any thriving system must learn to distinguish between temporary phase and long-lasting stability.

There are not any side effects, which in one way or the other affect human innovativeness and creativity. Boundaries have proved to be a useful ally in propelling people to go upward and sparking their ingenuity.

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"A Healthy Economy Should Be Designed to Thrive, Not Grow Quotes"

[bctt tweet="We urgently need financial, political and social innovations that enable us to overcome this structural dependency on growth so that we can instead focus on thriving and balance within the social and the ecological boundaries of the doughnut." username="get12min"]

[bctt tweet=“For over 70 years economics has been fixated on GDP, or national output, as its primary measure of progress. That fixation has been used to justify extreme inequalities of income and wealth coupled with unprecedented destruction of the living world. For the twenty-first century a far bigger goal is needed: meeting the human rights of every person within the means of our life-giving planet.” username=“get12min”]

[bctt tweet=“Meeting the human rights of every person within the means of our life-giving planet.” username=“get12min”]

Our Critical Review

It’s pretty evident that the economical assets that make or break the economy are at risk.

Kate breaks the ice by bringing together all facts and concepts that may help us in defeating this imminent threat.

That is our official stand, and we are lucky to contribute to Kate’s vision.