Are we growing an economy or a cancer?

The growth model needs treatment before it kills us.

Alaura Weaver
Jan 29, 2018 · 10 min read
Image for post
Image for post
Jakarta, Indonesia where twenty-six percent of the urban population lives in slums and only thirty-five percent have access to potable water. By Jonathan McIntosh (Own work) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Too much growth affects the balance of power

Image for post
Image for post

Too much growth upsets the balance of the environment

The growth model turns a blind eye to the realities of the world

Image for post
Image for post
Bottom 50% income shares across the world, 1980–2016
Image for post
Image for post
Total income growth by percentile across all world regions, 1980–2016
Image for post
Image for post

The cure for too much growth? A doughnut diet.

Image for post
Image for post
Image for post
Image for post
The embedded economy, which ties the financial flows to the society and environment on which it depends. Concept by Kate Raworth. Design by Marcia Mihotich.
Image for post
Image for post
On the right, a healthy cell nucleus contains genes that inhibit cell growth. On the left, a cancerous cell lacks the gene expression needed to prevent uncontrollable cell growth. Source: National Cancer Institute.
Image for post
Image for post

What if economics didn’t start from money, but from human well-being?

A compass for 21st century economics

Image for post
Image for post

We can be the generation that redirects humanity to an equilibrium.

Image for post
Image for post
A suburban permaculture garden in Sheffield, UK. By Claire Gregory (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Image for post
Image for post
A group of Indian women have assembled to make bamboo products that they intend to resell. By Jaimoen87 (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store