A Renegade Solution to Extractive Economics — with Kate Raworth

When Kate Raworth began studying economics, she was disappointed
that the mainstream version of the discipline didn’t fully
address many of the world issues that she wanted to tackle, such
as human rights and environmental destruction. She left the
field, but was inspired to jump back in after the financial
crisis of 2008, when she saw an opportunity to introduce fresh
perspectives. She sat down and drew a chart in the shape of a
doughnut, which provided a way to think about our economic system
while accounting for the impact to the world around us, as well
as for humans’ baseline needs. Kate’s framing can teach us a lot
about how to transform the economic model of the technology
industry, helping us move from a system that values addicted,
narcissistic, polarized humans to one that values healthy, loving
and collaborative relationships. Her book, “Doughnut Economics:
Seven Ways to Think Like a 21st Century Economist,” gives us a
guide for transitioning from a 20th-century paradigm to an
evolved 21st-century one that will address our existential-scale
problems.