Green Economy: Redefining Wealth and Work for Community Development, Slides of Environmental Economics

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Green Work, Wealth and

Community Development

• Work: how can we be of service? What needs to be done?
• Wealth: what is it? how is it created & shared? - Today!!!

Related Questions I

• What is “green”—what is “sustainability”?
• What is money, finance, democracy?
• “Markets”? “Regulation”?
• “Development”?

Context

• Structural crisis of the economic system.
• Long-held assumptions challenged.
• Issue of the POTENTIALS of economic development

Movement Context

Rise of the “Green Collar Jobs” movement:

Environmental Justice Movement 2.

Work & the ‘Real Economy’

What is work & its trajectory of evolution?

What is Green Work? What’s a “Job”? How are jobs and work remunerated?

The Purpose of Social &

Economic Change

• Reform?
  • mainstream view of sustainability as limiting excess
  • redistribution of (quantitative) wealth
• Restructuring / Revisioning?
  • reshaping the purpose of the economy
  • redefining as well as redistributing wealth

Issues Raised

• the nature of work & green work
• the purpose & structure of economic life
• the role of money
• the role of human & environmental need
• the role of “labour”
• the role of “business”
• cutting-edge alternative perspectives

What’s the ‘Real Economy’?

• simply material production?
• Complicated by the rise of cultural production/consumption
• Raises questions about the purpose of production

A Green Economy-

1. From products to services: culture-based production as People Production ; focus on end-use & human need.
2. Ecosystem-based economy: decentralization, distribution, participation

A Green Economy-

• Substitutes human creativity for resources & energy: shift in labour/resources balance. - Human development should be the primary strategy for sustainability
• Eco-production: high “eyes to acres” ratio. Efficiency depends on participation.

Invisible Economy (1) Total Productive System of an Industrial Society (layer cake with icing)

GNP-Monetized ½ of Cake Top two layers

Non-Monetized Productive ½ of Cake Lower two layers

GNP “Private” Sector Rests on GNP “Public” Sector Rests on Social Cooperative Love Economy Rests on Nature’s Layer

“Private” Sector “Public”Sector “underground economy “Love Economy”

Mother Nature

All rights reserved. Copyright© 1982 Hazel Henderson

2

The Economy in Loops

Remuneration & Qualitative Wealth

• Sever work and income?
• Wages: tied to certain kinds of production & markets. Public goods not so well served by markets.
• Economic insecurity: closely related to environmental destruction.