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A narrative to assist us construct the ‘golden path’ to a fairer, thriving round economic system
3 minute learn
My latest conversations for the Round Economic system Podcast with Ken Webster, one of many round economic system’s main thinkers and a member of Earth4All nudged me in direction of one in every of his latest books The Fantastic Circles of Oz: A Round Economic system Story.
Ken Webster teamed up with inventive author Alex Duff, to supply us a unique means of trying on the issues of our trendy economic system unset out concepts for a restorative different. It’s an intriguing, thought-provoking e book that tackles key points together with using private knowledge, digital foreign money, the rise of the ‘rentier class’ and the way forward for meals.
There are three components, beginning with that re-imagining of Baum’s well-known Fantastic Wizard of Oz story, written by Frank L Baum and printed in 1900. (We uncover that a number of revered historians declare Baum’s story was an allegory, highlighting the unfair and difficult results of utilizing the gold commonplace to regulate the cash provide for the US economic system, again within the Eighteen Nineties.)
Half One – a fictional world
We’re taken into Dorie’s world as a twister upends her life in Devon and she or he wakes up in Oz, a spot she’s by no means heard of, with no cash. She meets a stranger, who explains that to get again house, she should discover her method to the Emerald Metropolis and ask the Nice Wizard for assist. We journey with Dorie as she struggles in direction of the Emerald Metropolis, assembly a number of the structural and systemic challenges dealing with so many individuals around the globe, then as she enters the gates of the world metropolis, with its unfamiliar tradition and different approaches to know-how, democracy, housing, city meals and cash.
Half Two – a real-world framework
In Half Two, the authors unpack every of the concepts we met in Dorie’s journey, serving to us get clear on historic contexts and the way the varied ideas and options are grounded in sound philosophical, techniques and social considering.
They put ahead a brand new framework, proposing that an efficient, goal pushed, fairer and extra distributive round economic system is “the gateway to an considerable, autonomous and democratic future.” This consists of 4 change rules for the productive economic system, adopted by 4 rules for what they name the ‘gatekept’ cycle – sometimes, the finance, insurance coverage & actual property sectors, the place entry is managed, and charges are charged for that entry.
Noting that present financial approaches deal with merchandise and supplies, while ignoring the implications of degrading our world commons, with declining useful resource shares and air pollution from waste ‘sinks’. As a substitute, they argue for insurance policies to enhance shares and ‘capitals’, particularly for pure capital. Webster and Duff additionally spotlight the (usually ignored) position of cash in our economic system, with cash getting caught (by being retained) within the ‘gatekept’ economic system when it will be higher utilized in rebuilding pure and human capitals.
Half Three – a ‘golden path’
This part weaves the fiction, the framework and real-world functions collectively. The authors draw out key parts from the sooner sections, explaining how these present up in our trendy world, and serving to us see how we will shift from at the moment’s extractive economic system to an efficient round economic system, rebuilding pure and social capitals by means of options that work for all of us.
I notably loved the storytelling method, which made it simpler to soak up the implications of the persevering with with our present system, and the options.
Discover out extra and purchase the e book
The e book is printed by Routledge and it’s additionally accessible from Amazon UK.
Like me, you in all probability want to purchase books out of your native indie bookstore… Tara Button, creator of A Life Much less Throwaway and founding father of Purchase Me As soon as, advised that to assist offset the moral points of shopping for from Amazon, we must always take the time to assist the creator by submitting a evaluation!
You can too hearken to my interview with Ken Webster – seek for Episode 119 and 119 Bonus in your podcast app, or discover the shownotes and a participant right here: https://www.rethinkglobal.information/119-ken-webster-the-circular-economy/
Worldwide speaker, creator and strategic advisor, Catherine Weetman helps folks uncover why round, regenerative and honest options are higher for folks, planet – and prosperity.
Catherine’s award-winning A Round Economic system Handbook, printed by Kogan Web page, is now in its 2nd version. Catherine additionally hosts the favored Round Economic system Podcast, with listeners in over 150 international locations.
Catherine’s wide-ranging expertise, systems-thinking perspective, and willingness to problem business-as-usual, along with a deep understanding of round and regenerative practices throughout trade sectors, means she’s uniquely certified that can assist you succeed with round. Learn extra about Catherine right here.
To search out out extra concerning the round economic system, why not hearken to Episode 1 of the Round Economic system Podcast, learn our information: What’s the Round Economic system, or keep in contact to get the newest episode and insights, straight to your inbox…
Different blogs…
Ebook Assessment: The Fantastic Circles of Oz
Dreaming our method to a fairer, thriving world
Are you held again by last-century considering?
Round economic system rebound – is it at all times problematic?
Does round imply sustainable? How ‘false options’ undermine our progress
The easiest way to assist the SDGs? Go round!
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The submit Ebook Assessment: The Fantastic Circles of Oz appeared first on Rethink World.
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