December 15, 2017 ines

The new report to the Club of Rome: Come On!

The human footprint is increasing fast and will —if not reversed— eventually lead to a collapse of the global economy. So say the authors of the new book Come On! which proposes an overhaul in the way that governments, businesses, financial systems, innovators and families interact with our planet.

 

 

About the book Come On!

About the Club of Rome

Now, in cooperation with more than 30 members from the Club of Rome, authors Ernst Ulrich von Weizsäcker and Anders Wijkman, co-presidents of the Club, suggest possible solutions to the global ecological and social crises. At the core is the suggestion to develop a new Enlightenment for a "Full World": we can no longer depend on a societal model that was developed for a world of less than one billion people.

Humans and farm animals constitute 97 percent of the bodyweight of all living land vertebrates on earth so it’s not surprising that the remaining 3 percent of wildlife struggles to compete for land and for survival. Alongside an environmental crisis are social, political and moral crises. Billions of people no longer put trust in their governments, poverty has deepened in many countries, in the US the middle-class is rapidly shrinking.

Measuring our success on GDP growth has proven inadequate to the task and it also masks a growth in inequality between rich and poor. New indicators such as a Genuine Progress Indicator could more accurately measure economic welfare.

The present model of development is seriously flawed. Profit maximization – under the principle of shareholder value first – and saving the planet are inherently in conflict. The new Enlightenment must be characterized by a vastly improved balance between humans and nature, between markets and the law, between private consumption and public goods, between short-term and long term thinking, between social justice and incentives for excellence.

Carlos Alvarez Pereira (President of Innaxis and member of the Club of Rome) contributed to the report with a chapter on the Digital Revolution, highlighting that advances in technology will be crucial in order to cope with environmental degradation. However technological disruption must be analyzed beyond the current hype that digitization is clean and exponentially opening up new possibilities. Instead the effects on resources depletion, climate change, and employment have to be carefully considered and addressed for a true sustainable and inclusive technological disruption.

This book comprises many practical examples, success stories and opportunities for the “Full World”. A move towards a circular economy can help overcome mineral scarcity, significantly lower carbon emissions and increase the number of jobs. Regenerative agriculture will help stop soil erosion, enhance yields and build carbon in the soil. Efforts have to be made to rein in the financial sector by increasing capital reserves and control of money creation. Some insights can come from the Hopi tradition in North America, which developed sustainable agriculture and maintained a stable population size while avoiding wars.

Civil society, the communities of investors, and the research and education communities should become strong players in the necessary transformation.

 

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