'Ethical Markets Review'
Ethical Markets Review publishes original, cutting-edge pieces from colleagues around the world focused on reforming markets and metrics while growing the green economy worldwide.
The Global West Reaches Economic Adulthood
By Gijs Graafland, Planck Foundation, Amsterdam, NL
The Global West matures. Not only in demographics. Also in economics. Growth is over. Decline is knocking on the door. This reality is far from acceptance. The current mood is still the narrative of the past: growth.
But this narrative lacks an analysis of the main driver of economic ‘growth’ in the Global West the last 30 years: that was less rise of productivity (as everybody still thinks), but that was credit growth. Of course a rise in productivity had something to do with it. Of course there was a peace/détente dividend. Of course globalization contributed. But the main driver was credit. Credit is pulling consumption from the future to the past. Meaning credit is over [...]
Can democratic money with environmental values reduce market failures?
Shann Turnbull, [email protected]
Principal: International Institute for Self-governance
The 2008 global financial crisis and current uncertainties about the Euro provide evidence that the financial system is neither self-correcting nor capable of being reliably regulated.
The financial system has failed because modern money has become a belief system. It is based on ideology not logic. Today money no longer represents any single commodity like gold, silver, grain, tea, or cattle.
Nor does money represent any definable basket of commodities. Money has become disconnected from real things including the state of the environment. It exists only by the fiat of government. Why then do [...]
We are honored to publish this presentation by Raj Thamotheram, President, Network for Sustainable Financial Markets , of which we are members. Thamotheram is a longtime financial expert and practitioner who has become a key figure in reforming global financial markets. - Hazel Henderson, Editor
Good morning. Today’s “Accounting for the Future” session focuses on investors and specifically, how accountants and investors can work together to support boards and corporate executives who want to take a longer-term and more sustainable approach to running their companies. And I’ll also highlight how, again working together, accountants and investors can provide a suitable professional challenge to those corporate execs and boards who haven’t yet begun the transition to [...]
“We at Ethical Markets are happy to Publish this original article by Paul Glover, one of the true pioneers of local development and true wealth and sustainable communities," Hazel Henderson, - Editor
by Paul Glover
There’s obvious need for a new Economy of Generosity, to repair communities and nature. Heroic efforts are being made to promote this direction, but green progress lags grey decay.
Gatekeepers of the old economy will continue to destroy the future exactly as long as they run the only game in town. All of our perfect econometric proposals, polite lobbying, angry marches and moral indignation will not alone prevail. America’s rich, middle class and poor will all fight over the scraps of normal life unless practical alternatives take root.
"We are happy to publish this paper by Michael Ben-Eli who is not only an innovative thinker but also a pragmatic activist in applying his insights in the Negev Desert with a Bedouin Community." ~ Hazel Henderson, Editor
The Sustainability Laboratory, New York
Sustainability: Has the true meaning been lost?
For decades now, increasing numbers of thoughtful observers have called attention to disturbing patterns in the current trajectory of human affairs. Accelerating dramatically since the early days of the industrial revolution, powerful forces in development and technology have brought new promises and opened so many new possibilities for humankind. At the same time, driven largely by the impact of human activities, serious threats have emerged to the [...]