This is one of the most positive things I’ve seen in ages. It is hopeful. It is logical. It is brilliant. But I don’t think it will happen.
Yes, there really is something called doughnut economics. It is the concept of Kate Raworth, and idea born in Cambridge and currently used in Amsterdam as a way to reimagine their city post-pandemic.
Here’s what Amazon says about her book, Doughnut Economics, “Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.
Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.
That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design.”
Watch her very relevant and practical explanation of Doughnut Economics here.
Ms. Raworth says she is often asked…”What is this? Is it Capitalism? Is it Socialism? Is it Communism?
Her response? “Really, are those the only choices we have? The isms of the last century?”
Bravo Ms. Raworth.
The city of Amsterdam is so enamored with the idea of reinvention that they are assembling stakeholders from all areas of government, community, and business to talk together and challenge old paradigms.
So, we’re moving to The Netherlands….just kidding…maybe.
The process Amsterdam is using is called “large group intervention,” a process used for decades intended to engage the whole system in rapid change. This isn’t new. Theorists in change like Peter Senge, Margaret Wheatley, and others who have proven that this process works have moved on from the US. They are having success with countries who are actually interested in change.
Take a listen to the video, and read a bit about Ms. Raworth’s concept. Then close your eyes and imagine how the concept would work in the US. Yeah, well we can dream.
Call me Don Quixote, but I’m going to write a letter to my local, state, and national representatives and share the Doughnut Concept and suggest that they would be well served to give some thought to real change. Probably won’t help, but it will keep me busy until I can figure out something else to do with sharing this concept widely.