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" "Out of all of these power relationships, when it comes to the workings of the economy, one in particular demands attention: the power of the wealthy to reshape the economy’s rules in their favour.
Kate Raworth (1970-) is an English economist, known for her 'doughnut economics' model balancing between essential human needs and planetary boundaries.
Biography information from Wikiquote
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availability bias — making decisions on the basis of more recent and more accessible information loss aversion — the strong preference to avoid a loss rather than to make an equivalent gain selective cognition — taking on board facts and arguments that fit with our existing frames risk bias — underestimating the likelihood of extreme events, while overestimating our ability to cope with them.
…environmental quality is higher where income is more equitably distributed, where more people are literate, and civil and political rights are better respected. It’s people power, not economic growth persay, that protects local air and water quality. Likewise, it is citizen pressure on government and companies for more stringent standards, not the mere increase in revenue that compels industries to switch to cleaner technologies.
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Life on Earth has the chance of another five billion years in its favour, at which point our star, the sun, will start to die. Earth’s Holocene-like conditions could continue for another 50,000 years — as Chapter 1 described — if we humans learn to navigate the Anthropocene without pushing our planet into a far hotter, drier, and more hostile state. The economies that we create could keep on thriving — not growing, but thriving — for millennia too, if we manage them wisely.