the economics of kindness part 2
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Guy DaunceyApril 2017
PART TWO
3. Nature and Climate
For conventional economists, Nature is an “externality”
Extinction is an externality
Pollution is an externality
The climate crisis is an externality
Massiveecological ignorance
Huh?
TACKLING ECOLOGICAL IGNORANCE
At any college or university, starting in 2020,
require that every entry student must have passed a fundamental course in
ECOLOGY 101
Before Ecology 101
After Ecology 101
All studentsAll candidates for School Boards
All new teachers, school board staffCandidates at elections
Candidates for non-profit leadership roles
Kate Raworth
A Business Board Meeting
A Global Sustainability Conference
Can the selfish drive to maximize capital gain
ever coexist with the planetary need for capital to operate in harmony with
nature?
The End of Growth
Feudalism Capitalism Cooperative
The End of Growth
Feudalism Capitalism Cooperative
The End of Growth
Feudalism Capitalism Cooperative
UNILEVER
CLIMATE CRISIS
CLIMATE CRISISDon’t you go
worrying yourself, my dear. The
economists tell me it’s just another
externality.
Farewell and Thank You, Fossil
Fuels
Welcome, Solar Age!
A Roadmap for Rapid Decarbonization
Science, March 24 2017
Atmospheric CO2 levels accelerate upwards, smashing recordsBarry Saxifrage National Observer| April 10th 2017
0 metres sea-level rise
5 metres sea-level rise
20 metres sea-level rise
By 2025, Holland is preparing to only permit the sale of electric
cars
GUSSING, AUSTRIAis ALREADY
100% RENEWABLE
The City of COPENHAGENvoted to BECOME
100% CARBON NEUTRAL by 2025
The City of OSLOvoted to REDUCE its GHGs
By 95% by 2030
CITY OF FRANKFURTvoted to go
100% RENEWABLE by 2050
CITY OF VANCOUVERvoted to go
100% RENEWABLE before 2050
CITY OF VICTORIAvoted to go
100% RENEWABLE by 2050
DISTRICT OF SAANICHjust voted to move toward100% RENEWABLE by
2050
Almost Twice as Many Green Jobs in Canada
By Guy Dauncey
800,000 fossil fuel jobs lost 1,000,000 green energy jobs gained
The Biggest Global Climate Solution You Have Never Heard Of
Massive acceleration to achieve 100% renewable energy needs an investment of
$1.5 to $2 trillion a year. $300 billion a year is needed in public grants.
Chief EconomistWorld Future Council
“Climate change initiatives offer a $5-7 trillion funding opportunity for capital markets.”
Mark Carney, Governor of the Bank of England
Established to keep the global temperature increase below 2°C by investing in
low-emission climate-resilient development.
Quantitative Easing for the Climate
The World’s Central Banks
Issues $300 billion a year in Green Climate Bonds
Issues $300 billion a year in Green Climate Bonds
World’s Central Banks create
$300 billion a year to buy the bonds
Issues $300 billion a year in Green Climate Bonds
World’s Central Banks create
$300 billion a year to buy the bonds
$300 billion a year
Distributes $300 Billion a year as leverage to attract
private capital
Distributes $300 Billion a year as leverage to attract
private capital
which invests $1.2 trillion a year
in renewable energy and climate solutions
Not an inflationary riskGlobal economic output: $80 trillion a year
Global Central Banks Climate Stimulus$300 billion a year
0.375% monetary increase a year
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
An Economy in Harmony with Nature
The Prime Causes The Solutions“Humans first” mindset. Ecological ignorance.
Ecology 101 for schools, college, business, public office.
Pursuit of growth, GDP Harmony with Nature goals & indicators.
Fear of unemployment, poverty Full employment policy. Tackling inequality. Jobs. Basic Income. Worksharing. Wealth-sharing.
Population increase Population control aid in developing world
Self-interest business = capital maximization
Social businesses
Self-interest banks = capital maximization
Social banks. $2 million Sustainability Review Board
Consumerism and waste Circular Economy, Zero Waste
Tax policy supports extraction and exploitation
Eco-Taxation. Close the tax havens. Ecological tariffs.
Weak or no regulations, local, national, global
Eco-Regulation
Macro-economic goals for inflation, GDP New macro-economic goals. QE for Nature and
Climate. Fossil fuels = climate crisis 100% renewable energy
Weakness of ecological democracy Ecological democracy. Strong NGOs, eco-activism
Corporate control of the media Democratic media reform
Democracy corrupted by big corporations
Campaign finance reform
4. Poverty, Inequality
LONELINESS
TEN BIG POVERTY SOLUTIONS
Affordable housing
Families & children
Basic Income, monthly or annual
Guaranteed work and labour unions
Community wealth
Health and dental
Disability and poverty compassion
Individual endowments
Earn higher wages
Justice in taxation
A: Affordable Housing for All
Homeless
Couch-surfing
Living with the Parents
Excess money coming into the market
= price InflationInheritances
Foreign moneyTax-evading
money
Quantitative Easingmoney
Offshore tax evasion in Vancouver real
estateIan Young, South China Morning Post
2/3rds of Canadians.Parents own
property.They will inherit.
1/3rd of Canadians.Parents do not own property.
They will never inherit.
2/3rds of Canadians.Parents own
property.They will inherit.
Seattle’s property tax levy has enabled the construction of 12,500
apartments with below-market rents.
An affordable housing tax levy
Escalating property taxes on second homes not rented out.
Limit AirBNBs to ‘in-house’
67% of Vancouver AirBNBs are for whole house or apartment
Vancouver AirBNBs
Escalating property transfer tax on top-end real estate sales
Speculation tax on properties flipped within a year
An Inheritance Tax on Estates
above a certain value
Gather a big pool of new revenue
and build 10,000 to 20,000 units of affordable housing in
BC a year.
B: Basic Income for All
Monthly, or Annually?
Basic Income
C: Community
Wealth
D: Disability & Poverty Compassion
E: Earn Higher Wages
F: Families and Children
G: Guaranteed Work,Labour Unions
Weekly Working Hours
H: Healthcare & Dental for All
I: Individual Endowments
Tony Atkinson
I: Individual EndowmentsA Personal Capital Endowment
Average $20,000 either at birth (Baby Bonds, held in trust) or at age
21.
A Commons Capital Endowment
A % of shares from every IPO (Initial public offering) is channeled into
public ownershipor
Firms are required to issue 1.5% new shares
each year, placed in a Citizens’ Trust.
Piketty’s Wealth Tax Ideas
Net worth TaxUp to $1.3 million 0%Up to $6.5 million 1%Above $6.5 million 2%Above $1.25 billion 5-10%
J: Justice in Taxation• More progressive rate structure, top
rate 65%• Progressive lifetime capital gains
tax, including inheritances• End tax credits and deductions that
disproportionately benefit the rich• Close every Tax Haven
Abolish Every Tax Haven
Offshore tax evasion in Vancouver real
estateIan Young, South China Morning Post
Tax Havens – Tariffs and Sanctions
Swiss banks hold €500billion of French, German and Italian money, 80% of which still evades taxes.
Tax Havens – Tariffs and Sanctions
This represents a tax loss of €15 billion to these three countries.
Tax Havens – Tariffs and Sanctions
These three countries could recover their loss by a 30% punitive trade tariff on Swiss exports.
Tax Havens – Tariffs and Sanctions
The financial sector is 11% of Switzerland’s GDP, but tax evasion only contributes 3%, or $15 billion a year.
Tax Havens – Tariffs and Sanctions
The Swiss people would quickly respond to such tariffs, and organize a referendum to end the Swiss banks tax evasion activities.
Average entry-level factory worker
Average CEO of a large corporation
What do you think their wage ratio is?$xx : $xx
What do you think their wage ratio SHOULD BE?
$xx : $xx
What do Americans think the CEO/Worker pay gap is?
What people think it is
What people think it should be
Strong Democrats 36 to 1 5 to 1Strong Republicans 40 to 1 12 to 1High School drop-outs 60 to 1 5 to 1Graduate degree 40 to 1 12 to 1Actual 829 to 1
What do Americans think the CEO/Worker pay gap is?
What people think it is
What people think it should
beStrong Democrats
36 to 1 5 to 1Strong Republicans
40 to 1 12 to 1High School drop-outs 60 to 1 5 to 1Graduate degree
40 to 1 12 to 1Actual 829 to 1
What do Americans think the CEO/Worker pay gap is?
What people think it is
What people think it should
beStrong Democrats
36 to 1 5 to 1Strong Republicans
40 to 1 12 to 1High School drop-outs 60 to 1 5 to 1Graduate degree
40 to 1 12 to 1Actual 829 to 1
What do Americans think the CEO/Worker pay gap is?
What people think it is
What people think it should
beStrong Democrats
36 to 1 5 to 1Strong Republicans
40 to 1 12 to 1High School drop-outs 60 to 1 5 to 1Graduate degree
40 to 1 12 to 1Actual 829 to 1
How do we design our future economy?
“If it’s not fun, it’s not sustainable.”- Guy Dauncey
The Gratitude PledgeIn deepest gratitude for having been given the gift of Life, and the wonders that accompany it;In gratitude for the Earth our home, for Nature, and all the incredible species we share her with;In gratitude for all who work to make this world a better place, and all who have done so in the past, stretching far back into the mists of time;In gratitude for the freedom I have to choose my path as I take my turn in carrying the baton of life;In gratitude for these gifts, I PLEDGE that I will use my life to serve the betterment of all living beings,the healing of suffering, and the restoration of our beautiful planet the Earth.
From Journey to the Future: A Better World is Possible, by Guy Dauncey
www.earthfuture.comwww.journeytothefuture.ca
www.slideshare.net/GuyDaunceywww.thepracticalutopian.ca
“A joyous, hope-filled manual.”- Bill McKibben
350.org
Guy Dauncey 2013 www.earthfuture.com
Guy Dauncey
www.earthfuture.com
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