The book portrays globalized capitalism as entering a ‘more cooperative and gentler’ phase – but in fact people are embracing ever greater commodification, leading to a self-centred, money- and success-oriented society.Ĥ.
Current ‘green’ innovations are marginal and their progress is minimal compared to ‘what needs to happen’.ģ. It does not acknowledge that global GDP must rise significantly to end poverty.Ģ. It's open for debate, so watch as it develops.īranko, you argue that Doughnut Economics fails to convince for four reasons:ġ.
Some selections from her response below - in which she has helpfully summarized Branko's original points. Doughnut economics - the idea that we should seek to situate our economies and societies in the zone between the smaller domain of human needs, and the upper domain of the planet's environmental limits - has rightly become an inspiring analysis and metaphor ( we've profiled it a few times already on A/UK - positively and critically).īut we really enjoyed Kate's response to a strong critique of her thesis f rom the rising star economist Branko Milanovic.
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