Upload
patcharawan-ubonloet
View
76
Download
1
Embed Size (px)
Citation preview
Sustainable Capitalism A Matter of Common Sense
John E. Ikerd
DA 8000
Patcharawan Ubonloet
22 Feb 2015
Outline
• About the author
• Why Sustainable Capitalism?
• The First Principles: A Matter of Common Sense
• Sustainability
How do we manage?
• Sustainable capitalism
2
About the author
• Believed in neoclassical economic
and free market
• An agricultural economist
3
Why Sustainable Capitalism?
• The pursuit of economic wealth is a pursuit of
individual, hedonistic and sensory pleasure.
• The pursuit of individual wealth encourages the
exploitation of others for self gain, which destroys
human relationships social happiness.
• Economic attempts to be a hard science by using
statistical and economic model to manage and
predict economic growth.
• Ikerd suggests that economic is “living principles”.
Social scarcity, matters of morality- environmental
ethics relates to truth and rightness cannot be
evaluated in dollars and votes.
Problem with neoclassical economics
4
• Degeneration of exploitative, divisive society resulting in rising unhappiness and eventually in revolution.
• Negative ecological and social impacts The rising ‘‘corporatism’’- domination of corporations is the greatest threats to sustainability are directly related to the industrial approach to organizational management.
• It creates non-existing needs through advertising leading to exploitation of global resources.
• No assurance of producing “the right stuff” to meet today and future’s real needs.
• Capitalistic economy is incapable of transforming individual self-interests into society well-being.
Why Sustainable Capitalism?
Problem with capitalism
5
6
Impacts of capitalism
Why Sustainable Capitalism?
• Poor treatment of factory workers
• Negative ecological and political
impacts of industrialism.
• Polluters and extractors of nonrenewable
and renewable resources.
• Corporations disrupts local economies.
• Unfair economic system as social and
moral constraints to economic growth is
removed.
Why Sustainable Capitalism?
• Values in life
• Relationship among things
• Equity justice
• Ethic, morality and
intergenerational equity
along with growth and
development
• Ecological and social implications
The return of classical economic principles
7
The First Principles A Matter of Common Sense
• A new economics of sustainability based on principles of living systems, capable of self-renewal and regeneration for present and future generations.
• ‘‘ The First Principles’’ of classical economics – the pursuit of happiness - not just material well-being but relationships with families, communities, cultures and societal well-being instead of just the pursuit of wealth.
• As a human we need for both caring and sharing- a spiritual connectedness.
• Our Common sense tells us that ethics and morality- care about others- matters in creating economic of happiness, social well-being and sustainability. 8
Sustainabi l i ty Liveable evolution
Meet the needs of people today individually and collectively
Preserving opportunity for future generations
Sustainability: How do we manage?
9
Sustainability: How do we manage?
Sustainability Happiness and Quality of life
Public economy
Private economy
C o m p e t i t i v e n e s s M a r k e t / E f f i c i e n c y / B a l a n c e s u p p l y & d e m a n d
In f ras t ructure
P h y s i c a l / F i n a n c e / L e g a l
G o v e r n m e n t
10
Macro economic s tab i l i ty Sustain economic development/
Economic & social integrity/ Profits shared/ Care for natural& social community
Moral/consensus/ rightness/relationship
Produce common goods to equal rights people
a l
11
Sustainable Capitalism?
• Hearts and minds of people
• Common sense understanding of the fundamental first
principles- enlightened concept of self-interest.
• A return to the pursuit of a more
desirable quality of life , not the financial wealth.
• An understanding that a desirable quality of life depends
upon the rightness of our relationships with each other and with the earth.
• Willingness to return to the pursuit of happiness.
Begins with
Thank you
12