What We Know
Markets are supposed to be guided by an invisible hand; that is what makes them so efficient. Participants need to exercise no moral judgments in reaching their buy and sell decisions because their actions are not supposed to have any visible influence on market prices. In truth, the rules governing financial markets are decided by the visible hand of politicians and in a representative democracy politicians run into an agency problem.
What we can do
Instead of fixating on a fight between capitalism and socialism, imagine innovating a future economy that transcends old binaries. While these systems clearly produce more positive social outcomes than laissez-faire systems do, – think about the record high levels of health, education and well-being in Scandinavian countries, for example, – even the best of them don’t offer the solutions we so urgently need right now, in an era of climate change and ecological collapse. Right now we are overshooting Earth’s carrying capacity by a crushing 64% each year, in terms of our resource use and greenhouse gas emissions.
Jason Hickel and Martin Kirk
Don’t Be Scared About The End Of Capitalism – Be Excited To Build What Comes Next
Fast Company 2017.09.11
Change Energy Use
Digging up and burning the deposits of ancient sunlight stored eons ago in primeval swamps has transformed human existence and made industrial and urban civilization possible. But fossil fuels are no longer the only, best, or even cheapest way to sustain and expand the global economy—whether or not we count fossil fuels’ hidden costs.
Bold Business Solutions for the New Energy Era
Natural capital refers to the earth’s natural resources and the ecological systems that provide vital life-support services to society and all living things. These services are of immense economic value; some are literally priceless, since they have no known substitutes. Yet current business practices typically fail to take into account the value of these assets—which is rising with their scarcity. As a result, natural capital is being degraded and liquidated by the very wasteful use of resources such as energy, materials, water, fiber, and topsoil.
Rocky Mountain Institute
Transforming global energy use
The Four Principles of Natural Capitalism
1. Radically Increase the Productivity of Natural Resources
Through fundamental changes in both production design and technology, farsighted companies are developing ways to make natural resources — energy, minerals, water, forests — stretch five, ten, even 100 times further than they do today. The resulting savings in operational costs, capital investment, and time can help natural capitalists implement the other three principles.
2. Shift to Biologically Inspired Production Models and Materials
Natural capitalism seeks not merely to reduce waste but to eliminate the very concept of waste. In closed-loop production systems, modeled on nature’s designs, every output either is returned harmlessly to the ecosystem as a nutrient, like compost, or becomes an input for another manufacturing process. Industrial processes that emulate the benign chemistry of nature reduce dependence on nonrenewable inputs, make possible often phenomenally more efficient production, and can result in elegantly simple products that rival anything man-made.
3. Move to a “Service-and-Flow” Business Model
The business model of traditional manufacturing rests on the sale of goods. In the new model, value is instead delivered as a continuous flow of services—such as providing illumination rather than selling light bulbs. This aligns the interests of providers and customers in ways that reward them for resource productivity.
4. Reinvest in Natural Capital
Capital begets more capital; a company that depletes its own capital is eroding the basis of its future prosperity. Pressures on business to restore, sustain, and expand natural capital are mounting as human needs expand, the costs of deteriorating ecosystems rise, and the environmental awareness of consumers increases. Fortunately, these pressures all create business opportunity.
Creating Our Systems
Creating Our Financial Systems
Creating Our Energy Systems
Restoring Our Climate
Restoring our Environment
Creating Sustainable Enterprise
Creating our Communication Systems
Creating with Nature
Creating a Green Economy