Circulate on Fridays: Our current economy is based on ‘physics envy’ & more
Spring has officially arrived here at Circulate’s HQ in Cowes, Isle of Wight, and we hope to share some of that sunshine with one of our richest Friday circular economy roundups featuring some of the best reading, viewing and listening for you to enjoy this weekend.
If you read only one thing this weekend, we highly recommend Kate Raworth’s latest article in the Guardian, where she argues that, “a severe case of physics envy”, and an ill-chosen mechanical metaphor has led to an economy with widening inequality and severe environmental issues. Author of the idea of ‘Doughnut Economics’, Raworth puts forward the idea of an evolving new economics which aims to emulate the laws of natural systems, rather than the laws of physics.
Many of these new economy ideas are dominated by the concept of increased resilience for the economy and various aspects and sectors within it, as opposed to focusing upon maximising only efficiency. An in-depth piece on Medium’s Age of Awareness seems especially relevant in that context, where Daniel Christian Wahl explores the question, “what exactly are resilience and transformative resilience”?
“You’ve got to fight for the right to repair”, it’s the mantra of Californian-based iFixit, a $21 million company that wants to show people how to fix everything from an iPhone to a toaster – all for free. It’s a radical idea, and while it has led to conflict with large corporations at times, including Apple, its popularity has been unquestionable and it’s a story worth tracking, which is exactly what Inc’s David Whitford did recently in an article that tracks the company’s beginnings through co-founders Kyle Wiens and Luke Soules.
Want to hear from the authors of The Economist’s Special Reports? Listen to this free iTunes series, where we especially recommend episodes six and 11, which focus on China and Fintech respectively.
The future of driverless cars is a bus! Read Nicole Kobie’s Outline article on why autonomous pods solve more problems and provide a better overall transport solution than driverless cars.
Should it be Circulate on Thursdays rather than Circulate on Fridays? Caroline Lucas and Jonathan Bartley make the case for a three-day weekend, claiming that not only would it provide a better work-life-balance, but it could be part of a better economy and a shift towards a model that doesn’t insist on people “living to work”.