It’s time for Doughnut Thinking. The old mindset of economics has run its course and needs refreshing. The planet demands it and our very survival as a species depends on it.
Continuing to believe that we will simply return to the old way of doing things when the latest crisis is over is deluded thinking. In just the last six months we have seen the planet rocked by extreme weather events from devastating fires in Australia to Atlantic storms and unprecedented flooding across parts of Europe. The melting of ice at our polar regions is increasing at an alarming rate, with the hottest ever temperature on record for Antarctica having been recorded in February 2020. As I write, the world economy has been brought to its knees by a virus that has spread around the world at lightening speed, a consequence of our economic globalization. Meanwhile, refugees, across all parts of the planet, continue to gravitate toward areas where they believe, rightly or wrongly, that the prospect of survival for their families will be vastly improved. They are moving away from famine and drought, from war and terrorism, from dictatorships and oppression. And, who could blame them?