Tim Jackson - The Altruist Within: in pursuit of sustainability and justice in a broken financial system - July 2013
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Tim Jackson - The Altruist Within: in pursuit of sustainability and justice in a broken financial system - July 2013

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Tim Jackson - The Altruist Within: in pursuit of sustainability and justice in a broken financial system - July 2013 Tim Jackson - The Altruist Within: in pursuit of sustainability and justice in a broken financial system - July 2013 Presentation Transcript

  • The Altruist Within in pursuit of sustainability and justice in a broken financial system 25th July 2013 Tim Jackson @ProfTimJackson
  • New York, 15th September 2008
  • This has been an age of global prosperity. It has also been an era of global turbulence. And where there has been irresponsibility, we must now clearly say: the age of irresponsibility must be ended. Gordon Brown Sept 2008 The Age of Irresponsibility
  • London, 6th August 2011
  • Wall Street, October 2011
  • Toronto , October 2011
  • Incomes Labour & capital Spending Goods & services Firms People The Engine of Growth labour productivity prices novelty Consumer credit Commercial credit creative destruction status competition Investment Saving Speculation
  • The Engine of Growth
  • Incomes Factor flows Spending Goods & services Firms Peoplelabour productivity prices novelty Consumer credit Commercial credit creative destruction a life without shame status competition Investment Saving Speculation shareholder value The Engine of Growth
  • Incomes Labour & capital Spending Goods & services Firms Peoplelabour productivity prices novelty Consumer credit Commercial credit creative destruction a life without shame status competition Investment Saving Speculation shareholder value The Engine of Growth
  • Incomes Factor flows Spending Goods & services SavingsInvestment Firms House- holds increasing productivity prices novelty a life without shame status competition shareholder value creative destruction CreditCredit The Engine of Growth
  • Tradition Novelty Self Other
  • • enterprise – resource light – employment rich – the ‘service’ economy • employment – work-time – skill and service-oriented • investment – ecological and social – a different ‘ecology’ – slow, patient capital • money – appropriate institutions – sector balances – green money supply Dimensions of the green economy
  • Money for a finite planet (S – I) = (G – T) + (X – M) Private net savings Public sector net borrowing Overseas net borrowing
  • “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
  • • 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
  • • enterprise – in the service of others – care, craft and culture – cooperative, non-profit forms • employment – sharing work – the ‘amateur’ economy • investment – social and ecological returns – impact investment – peer to peer • money – seignorage as a public good Altruism and the green economy
  • The Altruist Within? • Darley and Batson (1973) study with seminary students; • help overall: 40% • help in hurry: 10% • help in low hurry: 65% • Subject of the talk made no difference! • Distress – our redeeming emotion? From Jerusalem to Jericho
  • Religion and the Schwartz Values
  • Religion and the Schwartz Values Source: Saroglou et al 2004
  • Religion and the Schwartz Values Source: Pepper, Jackson and Uzzell 2010
  • Religion and the Schwartz Values Source: Pepper, Jackson and Uzzell 2010
  • • agape, philia and eros • "an intentional response to promote well-being when responding to that which has generated ill-being." – Thomas Jay Oord • pro-social behaviour as an emergent property of social structure • ‘faith’ as a commitment device Agape and sustainability The altruist within?
  • Prosperity can only be conceived as a condition that includes obligations and responsibilities to others Zia Sardar 2007