TAG: Wealth

Mother Nature Never Loses Her Mojo

www.thebodyguard.com.au

In the absence of radical economic change, it would not be hard to assume that there aren’t any significant environmental or social problems worth worrying about. Surely the powers-that-be would take the necessary action if disaster was impending. Surely the greenies are alarmist. The humanitarian mob are bleeding hearts. And the future is just as it’s meant to be – someone else’s problem. But where’s the logic in that? Doesn’t it make more sense to be at least a little bit cautious, to think of the future health and prosperity of the planet and its people as everyone’s problem? After… read more

The Many Forms of Wealth

Freedom

Wealth takes many forms. But for the sake of argument, let’s think in terms of different types of capital. The traditional definition of capital is “accumulated wealth in the form of investments, factories, and equipment” (Hawken et al, 2000, p.4). From a Green Economic perspective, however, four types of capital are necessary for a healthy and prosperous economy. These are outlined by Paul Hawken, Amory Lovins and L.Hunter Lovins in their book, Natural Capital: Creating the next industrial revolution (2000): Human capital: Beyond labour and intelligence, this includes the social capital of networks and organization, as well as the cultural… read more

A New Kind of Economy

Green-Economy-Hand-Shake

The essence of a Green economy – genuine well-being – subscribes to dimensions in Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations, 1776 that reach beyond the rampaging misuse of his economic treatise through modern industrialisation. You see, Adam Smith was a keen observer of human nature. In 1759, while Professor of Moral Philosophy at the University of Glasgow, Smith published The Theory of Moral Sentiments. In this work, he identified the individual conscience and “fellow feeling” (ie. sympathy with others) as the requisite balance to self-love. He believed that in the pursuit of… read more

We Can’t Go On Like This

over-spending

In the face of rising debt levels and environmental degradation, many writers now argue that economic progress (as we currently know it) is destined for collapse. They claim that it is – by its nature – doomed. This is shocking news for people who live to shop or who view television as the panacea to unhappiness. Is it possible that the over-spending, over-consuming, credit-card lifestyle of our contemporary age is on a trajectory to oblivion? Despite threatening the ecosystems upon which it depends, the overblown expression of human self-interest known as economic development (aka modern wealth) perpetuates a vision for… read more

Is It Utopia Or A Mirage?

Green economy vision

Imagine a future in which people and their communities live together peacefully. Imagine a world where every bustling metropolis is now a place of serenity, undisturbed by road rage, traffic noise and stinking fumes. Cars and buses and rail are whisper quiet. The only emissions from moving vehicles are harmless vapours of H2O. Parklands and green spaces have replaced the tangled knots of urban motorways. Oil is barely $5 a barrel but is rarely purchased; producers and consumers have now discovered cheaper, cleaner and more efficient ways to meet their needs in a post-petroleum world. Imagine a world in which… read more

Is This As Good As It Gets?

As Good As It Gets?

The era of the industrial economy is destined to meet its end. Paul Ekins highlights in Wealth Beyond Measure (1992), the nature and cause of modern economic development will be the system’s own undoing. It may indeed be doomed to collapse. Some writers argue that few people would benefit from such a collapse; while others counter-argue that the collapse of the modern economy is necessary for the benefit of all. But if our current economic framework is the cause for our environmental and social ills, then is it not worth asking what alternatives might exist?How might we envision a new… read more

Restorative Justice

Exploting the environment

It is no secret that the richest industrialized countries of the world owe a great deal of their wealth to exploitation of the environment and natural resources. For a long time, the effects of such exploitation on climate change were not given due consideration, now that the subject is of great importance it becomes necessary to ask the hard questions as to who shall bear the greater burden of climate change mitigation. Since the invention of the steam engine and industrialization, much of the west has realized tremendous economic growth and development. Great inventions in machinery and the industrial revolution… read more