Brigadoon Weekend
Emerging issues shaping commerce and culture.
November 7, 2020
The Doughnut Model only.
DOUGHNUT MODEL DEEP DIVE SIX
What is doughnut economics and why does it matter to the planet? Doughnut economics — created by Kate Raworth — throws out the focus on infinite growth and re-frames economics within societal needs and environmental boundaries. Essentially, it is economics that has been reworked into "What is needed for all of society to be healthy and happy?" and "How do we meet those needs without harming the planet?"
+ Chelsea Webster
Amsterdam is now using the ‘doughnut’ model of economics: What does that mean? It’s a simple way to illustrate an economic system where the city doesn’t let anyone fall into poverty, while also living within a sustainable environmental footprint.
+ Fast Company
Amsterdam is the first city to implement the doughnut economic model: The doughnut economic model aims to create a circular economy that we can all thrive in, rather than constant never-ending growth. Providing a framework for a circular economy, the doughnut involves people working together to care for the planet.
+ Intelligent Living
How Amsterdam is setting the scene and co-creating solutions for a sustainable future: Amsterdam has successfully downscaled the doughnut economic model for future resilience and sustainability in their city. Here’s how they did it.
+ John Relou
Meet the doughnut: the new economic model that could help end inequality: To transform today’s divisive economies, we need to create economies that are distributive by design – ones that share value far more equitably amongst all those who help to generate it. And thanks to the emergence of network technologies – particularly in digital communications and renewable energy generation – we have a far greater chance of making this happen than any generation before us.
+ World Economic Forum
How doughnut economics can reshape capitalism: Kate Raworth presents a new economic model that brings together economic, social, and environmental growth. These three things cannot operate in isolation, but rather need to form a balance. Instead of focusing on exponential graphs that many economists view as the measure of progress, Kate looks at progress as a balance.
+ Laura Baker
ROSS RANTS
The Netherlands to drop 'Holland' nickname as part of rebranding
The Dutch government announced that it would officially drop their country's nickname, "Holland," and only use the name The Netherlands to rebrand their "international image."
The change started in January, "companies, embassies, ministries, and universities will only be able to refer to the state using its legitimate title."
Technically, Holland specifically refers to two of the 12 provinces found in the Netherlands, North Holland and South Holland.
The decision was made to rebrand the Netherlands' international reputation and managing an overflow of tourists who go to the country to visit Amsterdam, but no other areas.
A spokesman for the Foreign Ministry previously commented on this rebrand.
He told news agency EFE: 'It is a little strange to promote only a small part of the Netherlands abroad, that is, only Holland.' Which makes perfect sense, to be honest, and makes us wonder why this has only really come about now. It seems the move is an attempt to help manage Dutch tourism.
Last year, the Dutch tourist board said it would stop actively promoting the Netherlands as a tourist destination because many of its cities and attractions are becoming overcrowded.
Before the COVID-19 crisis, for 2020, inbound tourism was exexpected to grow to 21.2 million tourists.
Most of the individuals who traveled for holiday or business purposes to the Netherlands were from Germany, as roughly 5.24 million German tourists visited their neighboring country.
Together with the Belgians and British, they account for more than half of the total tourists visiting the Netherlands.
The city vs. the nation-state continues
Leonid Bershidsky writes in Bloomberg: "Big cities are increasingly at odds with their nation-states. We saw yet another sign of that when the "Pact of Free Cities" was signed by the liberal mayors of Bratislava, Budapest, Prague, and Warsaw — the capital cities of four Eastern European countries run by nationalist and/or populist governments. It's just one more example of a larger trend.
"More often than not, people in the cities want more freedom, are more willing to embrace every kind of diversity, and care relatively less about the whole idea of national sovereignty. People in smaller towns and rural areas are more concerned about national identity and preserving local customs, even if that means following strongmen."
The Global Power City Index (GPCI) top ten:
The Global Power City Index (GPCI) is a detailed report compiled by the Mori Memorial Foundation’s Institute for Urban Strategies, a Tokyo-based consultancy:
1. London
4. New York
3. Tokyo
4. Paris
5. Singapore
6. Amsterdam
7. Seoul
8. Berlin
9. Hong Kong
10. Sydney
The Global Power City Index (GPCI) evaluates and ranks the major cities of the world according to their “magnetism,” or their comprehensive power to attract people, capital, and enterprises from around the world. It does so through measuring 6 functions—Economy, Research and Development, Cultural Interaction, Livability, Environment, and Accessibility—providing a multidimensional ranking.
+ The North American cities Los Angeles (#12), Boston (#25), Chicago (#26), and San Francisco (#18) were strong in “Winners of Prizes in Science and Technology,” all placing in the top 10 in Research and Development.
+ Zurich (#15) and Geneva (#34) marked high in Environment such as “Urban Greenery” and “CO2 Emissions,” while Stockholm (#14) and Copenhagen (#20) resulted well in “Water Quality” and “Renewable Energy Rate.”
+ Among the new cities to the GPCI, Melbourne (#11) and Helsinki (#28) achieved strong results in Environment, while Dublin (#33) possessed high GDP Growth Rates. Tel Aviv (#38), a prominent technology hub, ranked #7 in “Startup Environment.”
BRIGADOON EVENT
Brigadoon Monthly | Member Call
November 18, 2020
2:00 pm ET
Title: Uncertainty and why it’s a good thing
Speaker: Gerald Ashley | Managing Director @ St Mawgan & Co + Independent Non-Executive Director @ Equitile Investments
Gerald is one of the UK’s leading advisors, writers, and speakers on behavioral risk, disruptive change, and decision making.
Before becoming a full-time consultant in 2001, he spent 25 years in banking and finance, most recently at the Bank for International Settlements.
Looking at risk from all industries and areas of life and study, Gerald seeks to challenge the classical economic models, attempting to predict behavior with linear, rational processes.
Want to join? Click here and email, "Yes."
DOUGHNUT MODEL DATA POINTS
In 2017, Kate Raworth published Doughnut Economics: Seven Ways to Think Like a 21st Century Economist, which is a counter-proposal to mainstream economic thinking. In the book, she advocates reconsidering the foundations of economics. Instead of focusing on the growth of the economy, she focuses on a model where there can be ensured that everyone on earth has access to their basic needs.
“The overarching question is: How can our city be home to thriving people, in a thriving place, while respecting the well-being of all people and the health of the whole planet?” -- Ilektra Kouloumpi, a senior strategist at Circle Economy
The central premise is simple: the goal of economic activity should be about meeting the core needs of all but within the means of the planet. The “doughnut” is a device to show what this means in practice.
BRIGADOON WATCHES | VIDEOS ON THE DOUGHNUT MODEL
Why it's time for 'Doughnut Economics'
+ Kate Raworth @ TEDxAthens
How the Dutch are reshaping their post-pandemic economy
+ BBC REEL
Doughnut economics | Lecture by economist Kate Raworth
+ Radboud Reflects
Downscaling the doughnut to the city
+ Doughnut Economics Action Lab
Kate Raworth on growth
+ RSA
BRIGADOON READS | A BOOK ON THE DOUGHNUT MODEL
Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist
+ Kate Raworth
TWEET
An emerging economic model is trying to shift our focus from constant growth to balance and wellbeing. Could the #Doughnut model become the compass we need for creating a safe and just 21st century? #Amsterdam
@mbanchero
Matias Banchero | Data Governance - AI Tech Business Consultant - Interest in financial markets
Have a great weekend. See you next week.
-Marc
Curation and commentary by Marc A. Ross | Founder @ Brigadoon
Brigadoon is conversations and insights for a better world.
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