The economy is not a natural phenomenon, it is a human construct, so if it doesn’t work for us we should change it
In exploring the need for a transformation of our values so they are fit for purpose in the 21st century, I have been using a piece of “scripture” from the World Wide Fund for Nature’s 2014 Living Planet Report.
Our current economic system seems perfectly designed to damage and destroy the Earth’s natural systems while undermining society and heightening inequality. But in the 21st century, we have to value all these forms of wealth, which means we need at the very least to reform capitalism so it integrates all these forms of capital.
So if you have a nagging feeling that society is less civilized than it used to be — and a society with the levels of hunger and homelessness we see today can hardly be called civilized — then there is your answer. Among other things, that means abandoning the absurd and impossible dream — actually, the nightmare — of perpetual and exponential growth, in favour of a steady state economy.
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