Tim Jackson on food and farming

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Tim Jackson gave a lecture at the Organic Research Centre in Elm Farm, debating solutions to the economic challenges facing farming

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Tim Jackson on food and farming

  1. 1. Food and Farming Economic Dimensions Tim Jackson Food and Farming Summer School 18th July 2013
  2. 2. Source: Druckman and Jackson (2010) Recreation & Leisure 28% Food & Catering 24% Space Heating 13% Household 11% Clothing & Footwear 8% Commuting 5% Health & Hygiene 9% Education 2% Communications 1% Total: 26tCO2e Discrepancies are due to rounding Food in the Carbon Footprint
  3. 3. Food in the Macro-Economy
  4. 4. • Growth is unsustainable • De-growth is unstable The Dilemma of Growth
  5. 5. Innovation focused on labour productivity insufficient economic growth unemployment up L = GDP/PL consumption down tax revenues down government deficits up public expenditures down loan defaults up investment down lower economic growth The dilemma of growth
  6. 6. Incomes Labour & capital Spending Goods & services Firms Peoplelabour productivity prices novelty Consumer credit Commercial credit creative destruction status competition Investment Saving Speculation The Engine of Growth
  7. 7. The Engine of Growth
  8. 8. ‘The value of company assets that come mainly from products of limited nutritional value – ‘empty calories’ – is huge.’ Forum for the Future 2013 Obesity represents 20% of health care costs in the US. Spending on diabetes projected to reach 17% of NHS spend by 2035. Social costs of obesity projected to reach £50 in the UK by 2050 Stranded Assets
  9. 9. Where is the green economy? Enterprise as service Sustainable investment Ecological macro- economics
  10. 10. • resource light economic activities that provide the capabilities for people to flourish: – treading lightly on the earth – delivering quality of life – integrated into the community – providing decent, satisfying employment Enterprise for a finite planet
  11. 11. • green technologies – renewables – energy efficiency – resource productivity • infrastructure – public transport – low-carbon buildings – community spaces • ecological protection – forests – soils and crops – wetlands and habitats • services – health and education – care, craft and culture Investment for a finite planet
  12. 12. The Savory Institute Holistic livestock management….
  13. 13. Grasslands
  14. 14. “It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford
  15. 15. • small-scale – peer-to-peer – community bonds – community banking • institutional investors – governance – negative screening – investment for good – impact investment • macro-economy – financial regulation – fiduciary duties – hypothecated transactions tax – green quantitative easing – sovereign spending – the chicago plan Money for a finite planet
  16. 16. Peer to Peer Lending
  17. 17. Incomes Participation Spending services Firms People Economics for a finite planet resource productivity novelty Affordable housingInvestment loans participation prosperity Investment Saving Speculation
  18. 18. Prosperity consists in our ability to flourish as human beings… ….within the ecological limits of a finite planet

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