Molly Scott Cato Professor of Strategy and Sustainability Roehampton Business School Only a crisisactual or perceivedproduces real change When that crisis occurs the actions that are taken depend on the ideas that are lying around That I believe is our basic function to develo ID: 476596
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Revitalising our Economy; Rebuilding our Community?
Molly Scott CatoProfessor of Strategy and SustainabilityRoehampton Business SchoolSlide2
Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.
Milton FriedmanSlide3
The Last Great Depression
Failure of aggregate demandRepayment of debtsFailure of lending and borrowingRecessionary spiral: ‘the death spiral’Slide4Slide5Slide6
The view from No. 10Slide7
The full pictureSlide8
CO2 emissions associated with UK consumption 1990 to 2009 (Defra
)Slide9
The Myth of Decoupling:
CO2 intensity of GDP across nationsSlide10
Carbon Intensities Now and Required to Meet 450 ppm
TargetSlide11
99% of UK food imports depend: unsurprisingly they are at sea-level. In 2007 the IPCC predicted a 0.35m rise in sea levels by the end of the 21
st century. In 2009 scientists declared that sea-level rise was occurring at twice the rate they had estimated just two years earlierWhy the globalised economy is insecureSlide12
Where are the world’s ports?Slide13Slide14
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, 1955Slide15
Growing InequalitySlide16
Climate change is a class issueSlide17
The Bioregional Economy
Localisation plusWhere are we going?Slide18
What is a bioregion?
‘a unique region definable by natural (rather than political) boundaries’A bioregion is literally and etymologically a ‘life-place’—with a geographic, climatic, hydrological and ecological character capable of supporting unique human and non-human living communities. Bioregions can be variously defined by the geography of watersheds, similar plant and animal ecosystems, and related identifiable landforms and by the unique human cultures that grow from natural limits and potentials of the regionSlide19
An economic bioregion
A bioregional economy would be embedded within its bioregion and would acknowledge ecological limits. Bioregions as natural social units determined by ecology rather than economicsCan be largely self-sufficient in terms of basic resources such as water, food, products and services.Enshrine the principle of trade subsidiaritySlide20
Accountability as reconnection
Your bioregion is your ‘backyard’Each bioregion would be the area of the global economy for which its inhabitants were responsibleSlide21
Community not markets
Reclaiming of public space for citizenship and relationship. ‘putting the economy in its place’ Market as agora—public space for debate and sharing of ideas, not just commerceSlide22
Resilience: ‘the property of a material to absorb energy when it is deformed elastically and then, upon unloading to have this energy recovered.’Ecological citizenship: intrinsic and ethical motivations towards protecting the environmentCritique: the importance of political economy
Three key conceptsSlide23
Locality: Walking the Land
Walking the LandSlide24
Stroud Community AgricultureSlide25
Local CurrenciesSlide26
Seeds of a greener future?Slide27
Find out more
www.greeneconomist.orggaianeconomics.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)