Instead of immediately focusing on making markets work more efficiently, we can start by considering: when is each of the four realms of provisioning… - Kate Raworth
" "Instead of immediately focusing on making markets work more efficiently, we can start by considering: when is each of the four realms of provisioning — household, commons, market and state — best suited to delivering humanity’s diverse wants and needs? What changes in technology, culture and social norms might alter that? How can these four realms most effectively work together — such as the market with the commons, the commons with the state, or the state with the household? Likewise, rather than focusing by default on how to increase economic activity, ask how the content and structure of that activity might be shaping society, politics and power. And just how big can the economy become, given Earth’s ecological capacity?
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About Kate Raworth
Kate Raworth (1970-) is an English economist, known for her 'doughnut economics' model balancing between essential human needs and planetary boundaries.
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Imagine, for starters, if central banks were to take back the power to create money and then issue it to commercial banks, while simultaneously requiring them to hold 100 percent reserves for the loans that they make — meaning that every loan would be backed by someone else’s savings, or the bank’s own capital. It would certainly separate the role of providing money from the role of providing credit, so helping to prevent the build-up of debt-fuelled credit bubbles that burst with such deep social costs.
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