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This paper summarises the dilemma associated with using mainstream, macroeconomic models to guide disruptive, transformative change such as those that might occur under ‘deep decarbonisation’: a rapid transition to a net-zero carbon economy.
V good long read on efforts to make the case for “an economy that suits society, rather than – as we have at present – a society subordinated to the economy.” #economics
"Our reading of this special issue of the Journal of Industrial Ecology, leads us to conclude that there are two major gaps in the Circular Economy’s relevance for achieving global sustainability. It has not developed language or methods, or necessarily acknowledgement, of the need to shrink and slow material throughput… ...Read More
“According to the company’s proxy statement, the median employee was a part-time restaurant crew worker... who made $7,017. The ratio was 3,101 to 1. In other words, it would take that employee 3,101 years to match Easterbrook’s 2017 compensation... Even keeping qualifiers in mind, the disparities are massive. And in the U.S., almost 52% of fast food workers are on public assistance. They can’t make enough money to live on. Many thousands of workers are at the poverty line while CEOs are wealthy. It’s effectively a subsidy from government ...Read More