The challenge of foundational renewal Luca

Transcript:The challenge of foundational renewal Luca:
The challenge of foundational renewal Luca Calafati, Julie Froud, Colin Haslam, Sukhdev Johal & Karel Williams Foundational Economy Collective The challenge of foundational renewal Two ways of looking at the FE looking back at huge achievements of FE 1.0: the first foundational revolution 1880-1950 in urban, industrial society; and its degradation post-1979 looking forward to the uncertain prospects of FE 2.0: challenge of foundational renewal post 2020 to confront climate change + secure bio diversity Foundational renewal as a wicked problem: only now agreeing the problem after 30 years debating man-made climate change. BUT no closer to finding political agency + economic levers The difference of FE 2.0 vs FE 1.0 Obstacles to renewal (1) structural changes in living and working (2) the absence of leading actors + the need for alliances Difference of FE 2.0 vs FE 1.0 - FE 1.0 1880-1950 revolution - FE 2.0 2020- uncertain prospect - generals fighting the last war FE looking back: Foundational Economy 1.0 1880-1950 Foundational Economy 1.0 = 1880-1950 systems which keep us safe and civilised Task: putting in reliance systems (a) providential services like education + health (b) material infrastructure like pipe and cable utilities Aim: well-being of the current generation/ public health in urban, industrial settlements when Manchester in 1840s had life expectancy below 40 Achievements: added 20 years to urban life expectancy + created new sectors so that FE accounts for ̴50% of Welsh employment & output Political corollary: stable two party liberal democracy on a platform of citizen entitlements FE 1.0 knocked about but still working in 2019 after privatisation, outsourcing and austerity… but restoration not enough to tackle env & ecological sustainability FE looking forward: Foundational Economy 2.0 2020 onwards Foundational Economy 2.0 = 2020-onwards innovations against climate change + for bio-diversity Task: big objectives without plan/system (a) decarbonising 3 high footprint sectors i.e. food, housing & transport (b) expanding production of low carbon services like health, care & social infrastructure Aim: well-being of future generations in an unsustainable world. At the current level of Welsh consumption and production, mankind would require 2.8 planets (Stockholm Institute, 2015); with food, transport and housing accounting for 59% of that footprint Achievements: negligible so far; virtue signalling by setting distant target dates 2030 -2050, while we underperform e.g. Wales missed its 2010-20 CO2 emissions reductions targets Political corollary: reactive populism & authoritarianism; democratic disconnect among the young Re-engineering +