Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
The Green Paradox of Thrift Using the Economic Crisis to Move Towards a Sustainable Economy Molly Scott Cato Professor of Strategy and Sustainability Roehampton Business School The Last Great Depression • Failure of aggregate demand • Repayment of debts • Failure of lending and borrowing • Recessionary spiral: ‘the death spiral’ The Linear View = wealth creation = taxation = private sector = consumption = public sector = wealth circulation The Systems View = public sector = wealth creation = private sector = wealth circulation = taxation = third sector = recirculation of taxed wealth The view from No. 10 The full picture CO2 emissions associated with UK consumption 1990 to 2009 (Defra) The Myth of Decoupling: CO2 intensity of GDP across nations Carbon Intensities Now and Required to Meet 450 ppm Target Farewell to Thrift • ‘the whole system of an increasing productivity, plus inflation, plus a rising standard of material living, plus high-pressure advertising and salesmanship, plus mass communications, plus cultural democracy and the creation of the mass mind, the mass man’ • J. B. Priestley, 1955 Growing Inequality Climate change is a class issue Find out more www.greeneconomist.org gaianeconomics.blogspot.com Green Economics: An Introduction to Theory, Policy and Practice (Earthscan, 2009) The Bioregional Economy: Land, Liberty and the Pursuit of Happiness (Earthcan, 2012)