About Doughnut Economics and much more
Copied from Nate Hagens’s podcast The Great Simplification.
Today, I am joined by the creator of Doughnut Economics, Kate Raworth, for a fantastic primer on the need for different economic measurements beyond the material wealth created by a society. As we expand further past planetary boundaries (currently overshooting 7 of 8 as of May 2023), the gap between the standard of living of the materially wealthiest and poorest continues to grow. Increasingly, these shortfalls in both ecological and social well-being of the current economic system are becoming more recognized by the general populace. In this conversation, Kate and I discuss a framework for bringing the human system in line with the biosphere while meeting the needs of everyone.
Kate Raworth describes herself as a renegade economist focused on making economics fit for 21st century realities. She is the creator of the Doughnut of social and planetary boundaries, and co-founder of Doughnut Economics Action Lab, based on her best-selling book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist. Kate is a Senior Associate at Oxford University’s Environmental Change Institute, where she teaches on the Masters in Environmental Change and Management. She is also Professor of Practice at Amsterdam University of Applied Sciences. She is a member of the Club of Rome and currently serves on the World Health Organisation Council on the Economics of Health for All.
Can we create systems that keep people from falling down the cracks, while also respecting the limits of our planetary home? Are there governments and businesses already aligning themselves to these principles and shifting to a different way of leading? Could moving towards a holistic system, such as Doughnut Economics, be enough to overcome the energy hungry growth of a global Superorganism? Is the Superorganism in opposition to the Doughnut? A must watch episode.