Exploring Doughnut Economics

Exploring Doughnut Economics

(4 minute read)

Doughnut Economics: The Blueprint for a Sustainable Future

In a world grappling with climate change, inequality, and resource depletion, traditional economic models fall short. Doughnut Economics, a revolutionary framework developed by economist Kate Raworth. This model redefines success, urging us to balance human well-being with the health of our planet. It's not just an economic theory; it's a call to action for a sustainable and equitable future.

The Doughnut Model

Imagine a doughnut. The inner ring represents the social foundation—basic needs like food, water, health, and education. The outer ring signifies the ecological ceiling—planetary boundaries we must not exceed to avoid environmental collapse. The sweet spot? The safe and just space for humanity, where everyone's needs are met without harming the Earth.

Key Principles of Doughnut Economics
  1. Change the Goal: Move beyond GDP growth. Aim for thriving within the doughnut.
  2. See the Big Picture: Integrate social and ecological dimensions into economic thinking.
  3. Nurture Human Nature: Foster cooperation and collective well-being.
  4. Get Savvy with Systems: Embrace the complexity of interconnected systems.
  5. Design to Distribute: Ensure fair distribution of resources and opportunities.
  6. Create to Regenerate: Focus on regenerative practices that restore and renew.
  7. Be Agnostic about Growth: Prioritise well-being over relentless economic expansion.

Cities like Amsterdam are leading the way, adopting Doughnut Economics to guide urban planning and policy. Businesses are also embracing this model, shifting towards sustainable practices that benefit both people and the planet. These pioneers demonstrate that Doughnut Economics is not just theoretical—it's practical and transformative.

Critics argue that Doughnut Economics is idealistic. However, the urgency of our global crises demands bold solutions. By addressing these challenges head-on and adapting the model to local contexts, we can make significant strides. The key is collective action and a willingness to rethink our priorities.

Doughnut Economics offers a compelling vision for the future—one where we live within our means and ensure a good life for all. It's a framework that challenges us to think differently and act decisively. As we face unprecedented global challenges, Doughnut Economics provides the roadmap we need.

Let's embrace this model and work together to create a sustainable, equitable world.


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The information on this website is general in nature and does not consider your personal situation. You should consider whether the information is appropriate to your needs and, where appropriate, seek professional advice.


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