Quotes from Kate Raworth

The international regime of intellectual property rights has significantly shaped the control and distribution of knowledge for hundreds of years. It's a story that began innocently enough in the fifteenth century, when Venice started awarding its famed glass-blowers 10-year patents to protect their novel creations from imitators. Show us how you made it, promised the law, and no one is permitted to copy you for a decade.

Don't wait for economic growth to reduce inequality—because it won't. Instead, create an economy that is distributive by design.

improving designs online for free. His idea soon grew into the Global Village Construction Set, which aims to demonstrate step-by-step how to build from scratch 50 universally useful machines, from tractors, brick makers and 3D printers to sawmills, bread ovens and wind turbines.

a result, we are born pattern-spotters, seeing faces in the clouds, ghosts in the shadows, and mythical beasts in the stars. And we learn best when there are pictures to look at.

Such an economy must help to bring everyone above the Doughnut's social foundation. To do so, however, it must alter the distribution not only of income but also of wealth, time and power.

Jakubowski and his collaborators have since launched the Open Building Institute, which aims to make open-source designs for ecological, off-grid, affordable housing available to all.81 'Our goal is decentralized production,' he explains. 'I'm talking about a business case for efficient enterprise where the traditional concept of scale becomes irrelevant. Our new concept of scale is about distributing economic power far and wide.

Words are processed by our short-term memory where we can only retain about seven bits of information . . . Images, on the other hand, go directly into long-term memory where they are indelibly etched.

In contrast to Pareto's pyramid and Kuznets's rollercoaster ride, its essence is a distributed network whose many nodes, larger and smaller, are interconnected in a web of flows.

Such redistributive policies can be life-changing for those who benefit from them. But they still may not get to the root of economic inequalities because they focus on redistributing income, not the wealth that generates it. Tackling inequality at root calls for democratising the ownership of wealth, argues the historian and economist Gar Alperovitz, because 'political-economic systems are largely defined by the way property is owned and controlled'.

Lastly, how are we socially locked in, addicted to and stuck on GDP growth? Through the culture of consumerism and the tensions created by inequality, which in turn are rooted in the need for something to aspire to. Despite being far richer than kings of old, we are too easily trapped on a treadmill of consumerism, continually searching for identity, connection and self-transformation through the things that we buy.

he derived the law of diminishing returns: the more of a thing that you consume (be it bananas or shampoo), the less you will desire still more of it.

Business effectively invests in political candidates and expects a return on that investment in the form of favourable policies.

meeting the human rights of every person within the means of our life-giving planet.

We have an economy that needs to grow, whether or not it makes us thrive. We need an economy that makes us thrive, whether or not it grows.

The rise of shareholder capitalism entrenched the culture of shareholder primacy, with the belief that a company's primary obligation is to maximise returns for those who own its shares.

The Selfish Society.

Preparing for landing, then, calls for taking the economy out of that growth autopilot and redesigning the financial, political and social structures that have turned growth into what Rostow called 'the normal condition'.

Aristotle who, recall from Chapter 1, distinguished economics, which he saw as the noble art of managing the household, from chrematistics, the pernicious art of accumulating wealth. 'Money was intended to be used in exchange but not to increase at interest,' he wrote in 350 BCE; '. . .of all modes of getting wealth this is the most unnatural.

Doughnut Economics sets out an optimistic vision of humanity's common future: a global economy that creates a thriving balance thanks to its distributive and regenerative design. Such an aspiration may seem foolish, even naive, given the intertwined crises of climate change, violent conflict, forced migration, widening inequalities, rising xenophobia and endemic financial instability that we face.

economy, the priority of the Depression era.55 Imagine, then, if a demurrage-bearing currency could be designed so that, instead of boosting consumption today, it boosted regenerative investments in tomorrow. It would transform the landscape of financial expectations: in essence, the search for gain would be replaced by the search to maintain value.

Demurrage may seem quite alien to modern financial markets, but it is not so far removed from negative interest rates, which effectively charge those who are holding money in savings.

First, the digital revolution has given rise to the network era of near zero-marginal-cost collaboration, as we saw in the dynamic rise of the collaborative commons in Chapter 2. It is essentially unleashing a revolution in distributed capital ownership. Anyone with an Internet connection can entertain, inform, learn and teach worldwide.

This kind of herd behaviour can be highly contagious and highly uncertain. And it explains the unpredictability not only of the next chart-topping song but also of next summer's fashion craze—not to mention the 'animal spirits' driving boom and bust in stock markets—revealing the strength of social networks in shaping our preferences, purchases and actions.

In 1900, around 10 percent of people worldwide lived in cities; by 2050 around 70 percent of us will. Couple this proximity of city dwellers with worldwide communications transmitting news and views, data and ads, and what emerges is a dynamic global network of networks of human beings.