Building a Sustainable Economy in a World of Finite Resources

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Presentation transcript:

Building a Sustainable Economy in a World of Finite Resources by Rob Dietz and Dan O’Neill steadystate.org/enough-is-enough/

Roof: The goal of maximizing financial wealth and expanding the economy. Structure: Policies and institutions that encourage more people, more profits, more debt, and more consumption. Foundation: The culture of more.

Source: Global Footprint Network

Technology’s Role Source: Sustainable Europe Research Institute

Roof: goal of sustainable and equitable well-being Pillars: support structure of new policies and institutions Foundation: changing awareness from more to enough

4. Achieve fair income distribution 1. Use measures of real progress 7. Change business practices 5. Reform the financial system 2. Limit materials and energy 6. Secure meaningful jobs 3. Stabilize population

Three Questions for Each Pillar What are we doing? What could we do instead? Where do we go from here?

Solution 1: Use measures of real progress. Gross National Happiness

Selection of Nations Ranked by Happy Planet Index Happy Life Years Ecological Footprint Ranking Nation HPI Score (out of a possible 100) 1. Costa Rica 76.1 2. Dominican Republic 71.8 3. Jamaica 70.1 4. Guatemala 68.4 5. Vietnam 66.5 9. Brazil 61.0 17. Bhutan 58.5 20. China 57.1 35. India 53.0 51. Germany 48.1 74. United Kingdom 43.3 75. Japan 106. Russia 34.5 114. United States 30.7 115. Nigeria 30.3 143. Zimbabwe 16.6

Solution 2: Limit throughput of materials and energy.

Herman Daly’s Three Operating Rules for a Sustainable Economy Renewables Extraction ≤ Regeneration Nonrenewables Substitution ≥ Depletion Wastes Emissions ≤ Safe Absorption

Solution 3: Stabilize population.

Solution 4: Achieve fair distribution of income.

Solution 5: Reform the financial system. Transamerica San Francisco Bank of Amer. Atlanta JP Morg. Chase Houston WTC New York U.S. Bank Los Angeles

Solution 6: Secure meaningful jobs.

Solution 7: Change business practices.

Co-ops

Economic Growth Picks Up So Why All the Gloom? Scotland Is Celebrating GDP Growth “Our top priority must be to do everything we can to grow our economy…”

“Our top priority must be sustainable and equitable well-being—prosperity and justice for all.”

Only a crisis—actual or perceived—produces real change Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.

Ideas for Sparking Change Learn something. Say something. Do something. steadystate.org

steadystate.org/enough-is-enough/ “Lucid, informed, and highly constructive…” –Noam Chomsky “…the book we’ve all been waiting for.” –Kathleen Dean Moore “…will restore your hope in the future.” –Thom Hartmann steadystate.org/enough-is-enough/