Regenerative Capitalism Framework Released
“Regenerative capitalism: how universal principles and patterns will shape our new economy” proposes a new holistic vision for the future of the global economy, says a new report released by the Capital Institute.
In the publication, John Fullerton, former manager director at JP Morgan, outlines the regenerative capitalism framework, which touches on a number of pertinent issues including the importance of systemic change and the creation of economic markets that account for both environmental and social factors.
A few of the key points include:
- Our current economic models attempts to break down complex systems into simpler parts in order to manage them. This is no longer working effectively.
- The environment and our economic system are tightly intertwined.
- Diversity, innovation and adaptability in economic systems is better than rigid structures – a global “one-size-fits-all” approach won’t work.
- There is a need to think about the global economy from a holistic systems perspective.
- The role of modern finance, with its single-minded pursuit of optimising investment returns, needs to be questioned and criticised in terms of the role it should play in our economies in the future.
Lead image licensed under CC credit Flickr user: Ian Sane