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Towards A New Society
This document discusses moving towards a more sustainable and equitable society. It outlines how economics currently shapes society in ways that prioritize greed and short-term gain over community and long-term well-being. Alternative measures like Gross National Happiness are presented that value health, education and environmental protection over just GDP. The document proposes a vision for a new society that is energy secure, uses sustainable systems, protects nature, fosters education and strategic planning, encourages individual and corporate responsibility, and rebuilds trust and community.
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Towards A New Society
- 1. JOSEPH STIGLITZ: TOWARDS ANEW SOCIETY
- 2. INTRODUCTION Key concepts -Towards a New Society Other societies around the world What kind of society do you want Our vision for the future
- 3. KEY CONCEPTS Towards aNew Society How economics shapes Moral Crisis society & individuals What you measure is Community what you and Trust value
- 4. HOW ECONOMICS SHAPES SOCIETY & INDIVIDUALS Perception Salary Misallocation of scarcest resources Greed The effects of society on peoples choices Finance Jobs
- 5. Moral Crisis No Lobbying Moral Deficit responsibility Enron, Worldcom, Countrywide
- 6. OTHER EXPERTS .…A MORAL CRISIS? Trevino: “good ethics is absolutely essential for effective business practice’’ Einstein: Handy: “we cannot “Truth solve a concealed problem out then of the same capitalism consciousne breaks ss that give down” it birth” Allen: “Facade of neoliberalism cracked by crisis”
- 7. TAKING RESPONSIBILITY Individual & Corporate Self interest doesn’t equal societal gain No responsibility for failure
- 8. TAKING RESPONSIBILITY – OTHEREXPERTS Friedman: Business has one social responsibility and that is “to use it resources and engage in activities designed to increase its profits“ Handy: Urgent need to devise a means of retaining ‘the energy produced by the old model without its flaws’
- 9. TAKING RESPONSIBILITY – OTHEREXPERTS Gabriel D'Arcy, CEO, Bord Na Mona: “only 5% of businesses that were around 75 years ago, are still around today and if Bord na Mona wants to continue to be one of them sustainable practices needs to be embraced”.
- 10. WHAT YOU MEASUREIS WHAT YOU VALUE Current measure of societal performance = GDP…. What about the Environment? What about Health? Between 2000 to 2008 in the USA: GDP : +10% BUT Household Income : -4%
- 11. ALTERNATIVE PERFORMANCE MEASURES Median Income Sustainability Health Education Gross National Happiness
- 12. GROSS NATIONAL HAPPINESS(GNH) http://www.youtube.com/watch?v=7Zqdqa4YNvI “Whatever work we do, whatever goals we have – and no matter how these may change in this changing world – ultimately without peace, security and happiness we have nothing. That is the essence of the philosophy of Gross National Happiness. Our most important goal is the peace and happiness of our people and the security and sovereignty of the nation.”
- 13. COMMUNITY & TRUST ”The glue that holds all relationships together - including the relationship between the leader and the led is trust, and trust is based on integrity.” Brian Tracy
- 14. COMMUNITY & TRUST Short sighted governments…
- 15. SUMMARY How economics shapes Moral Crisis society & individuals What you measure is Community what you and Trust value
- 16. WHAT KIND OFA SOCIETY DO YOU WANT? Denmark Costa Japan Rica What are our options? India Ireland USA
- 17. COSTA RICA #1 onthe Happy Planet Index!
- 18. INDIA #9 in GDP,#115 in GNH
- 19. DENMARK World’s Happiest Country in 2011
- 20. JAPAN #3 in GDP,#75 in Happy Planet Index
- 21. IRELAND #78 in HappyPlanet Index Horses in a field in front of a new house which has been left unfinished in County Leitrim. Leitrim is the worst affected county in Ireland with a housing stock that it is estimated will take nine years to clear
- 22. WHAT KIND OFA SOCIETY DO YOU WANT ? ? How do we How should we take plan for responsibility? scarcity? How do we What restore a sense performance of community & measures trust? should we use?
- 23. OUR VISION: ANEW MEASURE – A WHOLE SYSTEMS APPROACH
- 24. OUR VISION: ASUSTAINABLE IRISH SOCIETY Energy Secure Food Secure Sustainable Water System Irish Goods, services & systems No to pollution Protect bio-diversity Education for Sustainability Local & national resilience planning
- 25. OUR VISION: ARESPONSIBLE SOCIETY Individual responsibility Corporate Education Responsibility Enforcement of Strategic legislation Thinking Ban Corporate Embracing Political Sustainability donations
- 26. OUR VISION: COMMUNITY& TRUST Foster Discourse Community Sufficiency Rebuild Trust