Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist
Kate Rawarth wants to open a new page in economics with the donut model and show a revolutionary way out of the crisis that combines capitalism, ecology and basic social rights.
The model of maximizing profits, sales and gross national products whilst destroying the planet and widening the income gap is no longer fit for purpose.
Therefore, we need a new goal that seeks balance in ecology and wealth distribution. This is what Raworth calls the donut ecology. Between 2 concentric circles moves the ring-shaped area of meaningful economic activity. Inwardly, this ring is bounded by poverty, which must be reduced. Outwardly, the economy is limited by environmental degradation, which must also be reduced. Thus, each economy is to be judged not only by its profit, but also by its environmental and poverty costs. This gives rise to an entirely new national economic model, which Raworth describes very clearly in this book.
Since its invention, the doughnut has caused a furor. The shape of the doughnut represents the safe place of humanity. Externally, we are transgressing it, for example, through ongoing climate change; internally, we need to strengthen the social foundation of our society in order to return to doughnut proportions. The donut economy is just becoming a movement, it shakes up and gives courage for the future!