The mission economy

We all work for capitalism. Our society is driven by the needs of the economy. But it should be the other way around. The economy should be driven by the needs of society. Capitalism should work for us. And so governments around the world need to be much more proactive, and much more confident, in identifying critical social challenges and in bringing the full power of the public, private and community sectors to bear in addressing them.

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Changing the rules

It’s becoming increasingly clear that our existing economic order is no longer working. It promotes the needs of capital above those of people. It relies on an outdated notion of unlimited and unfettered growth. And it fails singularly to address the deep-seated social and environmental challenges that we face as a society. Thankfully, there are creative and enthusiastic people working tirelessly to create a more democratic and sustainable economy. And a new project from the New Economics Foundation helps us to find them. Continue reading

Enter the Doughnut

Doughnut Economics.jpgI’m not an economist. But I do know that economics is broken. The economic models of the past have created a world in which human well-being and our planet’s natural resources are being sacrificed on the altar of economic growth.

These models have failed to predict, to prevent or to respond to the financial crises that have shaken our society. They have allowed inequality to flourish. And yet they are still taught in classrooms and lecture theatres across the world.

We need a new way of thinking about economics. And we need it now. Continue reading