the green paradox of thrift
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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 - PowerPoint PPT PresentationTRANSCRIPT
The Green Paradox of Thrift
Using the Economic Crisis to Move Towards a Sustainable Economy
Molly Scott CatoProfessor of Strategy and
SustainabilityRoehampton Business School
The Last Great Depression
• Failure of aggregate demand
• Repayment of debts• Failure of lending and
borrowing• Recessionary spiral: ‘the
death spiral’
= wealth creation
= taxation
= private sector = public sector
= consumption
The Linear View
= wealth circulation
= wealth creation
= taxation
= private sector
= public sector
The Systems View
= third sector
= wealth circulation
= 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: AnIntroduction to Theory, Policy and Practice (Earthscan, 2009)
The Bioregional Economy: Land, Liberty and the Pursuit of Happiness(Earthcan, 2012)