Needed: economies which thrive whether or not they grow – Kate Raworth

by | 7 Jun 2020 | Actions & initiatives, Economics, Solutions, Videos - Economics | 0 comments

Economies are destabilizing the planet. The goal of economic growth is now taken to be a nation’s welfare, whereas its goal should be “meeting the needs of all within the means of the planet” — see Prosperity without Growth. below and elsewhere.

See also other videos  or other posts  on Economy.

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A detail of Prosperity Without Growth , 2017 ¦ image by Abdulnasser Gharem. Click on image to see secret message.

Kate Raworth  TED2018.

Society equates economic progress with growth. Preoccupation with growth originated in the 1930s with the invention of gross domestic product (GDP), an economy’s total value of goods and services sold yearly, and modern society has become “financially, politically and socially” addicted to growth, and the hefty pricetag is vast income inequality and environmental degradation. The economy is  destabilizing the planet.  A more “inclusive, balanced” or “green” growth isn’t the solution to these problems. Rather, society must replace its growth paradigm – including the metric of money – and view progress differently.

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Prosperity without Growth by Abdulnasser Gharem.

The process of making a “stamp-painting”, as Gharem has named it, is reminiscent of the calligraphed bibles created with dedication and devotion by cloistered monks in the middle ages – see the video by clicking on the image. Prosperity without Growth express his idea “that computer games or the media in general have a stronger influence on opinion forming than education or religion”.

See also other videos or other posts on Economy.

The Process of Stamp Painting from Gharem Studio on Vimeo.