consumerism economics equality sustainability wealth

Financially and ecologically overextended

“Financially and ecologically, we are overextended. We have taken for granted, and abused, our underlying operating systems – the biosphere and our social fabric – by privileging finance and over-consumption. Yet, it is the core economy of society and a biosphere in equilibrium that really holds things together, not the banks. A massive transformation is needed to compress global income inequality, raising the incomes of the poor and lowering the consumption of the rich. We need an economic system that builds strong human and communal relationships and steers us towards living within our environmental means.”

Andrew Simms, 2008 Schumacher Lecture.

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