Tag Archives: money

The Economics of Kindness

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Palgrave MacMillan, August 2026

Chapter 1: The Great Mistake

Our world needs more kindness. People need more kindness. Nature needs more kindness. But we need it deep within our economies, where so many of our troubles begin. 

We have been told a thousand times that the free-market economy is the best possible kind of economy, but for so many people, and for nature, it’s just not working. Surely, there must be a better way. Our capitalist economy has been built on the primacy of selfishness. What is the alternative? In this book, I hope to convince you that it’s the economics of kindness, which we can use to achieve massive transformative change and build a new ecological civilization. And it’s not just an idea. It’s a very real thing.

But first, we must address the question that’s causing so much anxiety: why are things in such a mess? We’ve got the rising cost of living, the housing crisis, and the ridiculous increase in inequality alongside the tax-avoiding billionaires. We’ve got increasing loneliness. We’ve got refugees, and desperate immigrants. In America, we’ve got oligarchy, kleptocracy, and billionaires who believe they are entitled to rule the world. And all the while, with ominous drumbeats of warning, we’ve got the climate crisis, the collapse of biodiversity, and the reality that we are overshooting Earth’s ecological boundaries. And the horrible ongoing wars. And just when we need calm decisive action, we’ve got social media chaos, increasing anxiety, anger, and hate. 

When young Canadians aged 16 to 25 were surveyed in 2022, almost three quarters said they felt frightened about the future. So enough! It is time for change. Time for determined hope. Time for moral ambition, as the Dutch historian Rutger Bregman puts it in his clarion call to action In the pages of this book you will find a solid analysis of how we got into this mess, and a practical guide for not just how we can get out of it, but for how we can build an economy based on cooperation and kindness, as the foundation for a new ecological civilization.

But first, how to make sense of things? A thousand philosophers have offered a thousand answers, but our troubles seem only to get worse. The year  2073 beckons, if you’ve seen Asif Kapadia’s dark movie: democracy obliterated, minorities silenced, dissenters arrested, social media co-opted. The billionaires are having a field day, but billions are struggling, growing angrier and more resentful by the day. Some become extremists who want to tear it all down. A violent coup against democracy that would have been unthinkable ten years ago is now a present possibility in some countries. We need to peel back the myriad symptoms of dysfunction, and discover what’s driving them.

More …. in the book!

Follow Guy’s work on Substack: https://theeconomicsofkindness.substack.com

Six Green New Deals: How Do They Compare?

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This blog was updated on September 27th 2019 to TEN Green New Deals – see here.

 

 

 

The Climate and Ecological Emergencies – What Can We Do?

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Emergency

By Guy Dauncey

There are massive forest fires in Siberia. Greenland’s melting is accelerating. Record heatwaves are roasting Europe. The world’s insects are dying off. The scary news keeps accumulating.

We are living on the edge of an emergency that is just getting started, and climate is only the half of it. There’s also an ecological emergency. How are we to respond? It’s easy to slip into complacency, or to be overcome by fear, followed by a sense of impotence. You know the crises are real, but the children are coming to visit, there’s a holiday to plan, and don’t get me started on the problems we’re having at work.

The first step to end complacency and neutralize fear is to put the crisis on your weekly to-do list:

  • Weed the garden
  • Visit your friend in hospital
  • Sign the kids up for karate/soccer/piano/dancing lessons
  • Do something to tackle the climate and ecological crises

Continue reading The Climate and Ecological Emergencies – What Can We Do? →

Five Ways to Achieve Ecologically Sustainable Finance

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Sustainable Finance

by Guy Dauncey

First published in The Mint – Fresh Thinking in Economics, June 2019

How can we turn around the world’s financial institutions so that their creation of money serves to construct a new ecological civilization, rather than destroy our current civilization through the financing of ecological and climate catastrophe? It’s a massive problem that needs multiple solutions.

Before we turn our attention to some possible solutions, we need some context. Global GDP in 2018 was $87.5 trillion. Global debt, created by the world’s financial institutions, was $247 trillion, growing by $14 trillion a year. Between 2005 and 2016 the debt increased by 73%, split between governments ($63 trillion), non-financial corporations ($68 trillion) and private households ($44 trillion).

Continue reading Five Ways to Achieve Ecologically Sustainable Finance →

Let’s Make Every Business a Social Purpose Business

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Social-PurposeBy Guy Dauncey, March 2018

If we are to live in a fair, just, ecologically sustainable world, many things in our economy will need to change, from the way banks create money to the way environmental losses and gains are accounted for and measured.

Let’s start with the businesses that grow the food, manufacture the products and provide the services we all depend on and enjoy.

It’s almost impossible to imagine a successful economy without its businesses. The Soviet Union tried, and Cuba is still trying, but neither has had much success. It’s hard to have success when the spirit of enterprise is not allowed to flourish. Continue reading Let’s Make Every Business a Social Purpose Business →

The Birth of a New Cooperative Economy

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They say we are self-interested, we’re always out to win.
Always individualistic, though it used to be a sin.
They say we need free markets, the better to compete,
and the economy will flourish if we only think of greed.

This is Economics 101, the way it’s taught today. Not a word about nature, community, caring, sharing, or cooperation.

During the mid 19th century, advances in science, democracy, education, literacy, public healthcare, labour unions, technological breakthroughs, banking, and the power of fossil fuels to generate rapid economic growth certainly made it seem that after ten thousand years of economic stagnation the competitive pursuit of profit was improving life for all. In the 1760s it took eighteen hours of human labour to transform a pound of cotton into cloth. By the 1860s it took one and a half hours. Today, it probably takes five seconds.

Continue reading The Birth of a New Cooperative Economy →

Canada’s Housing Crisis: A Permanent, 100-Year Solution

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100-Years

Guy Dauncey is the author of Journey to the Future: A Better World is Possible and nine other books. He is an Honorary Member of the Planning Institute of BC and a Fellow of the Royal Society for the Arts.

June 2017. This is an updated and expanded version of Canada’s Housing Crisis: 22 Solutions, originally published on The Practical Utopian in December 2016.

A PDF Version of this essay can be downloaded here: Canada’s Housing Crisis – Guy Dauncey.

Executive Summary

Canada’s housing crisis is far more severe than most people realize. The fundamental problem is an excess of money pouring into the housing market from various sources, combined with an abdication of responsibility by all levels of government for the past 30 years.

There are many on-the-ground solutions, demonstrating positive ways to build affordable housing. And there are seven new housing-related taxes that could raise the funds needed for a massive expansion of affordable housing.

The fundamental cause of the problem is the excess of funds flowing into the market, and until this is solved house prices will continue to rise, and most other solutions will seem like never-ending sandbagging.

The money supply problem can be solved. The money can be obtained to restore safe, sustainable, socially designed affordable housing as a fundamental human right.

And by establishing an Affordable Housing Social Justice Connector, a permanent, hundred-year solution can be put in place that will guarantee that Canada need never confront a housing crisis again. Continue reading Canada’s Housing Crisis: A Permanent, 100-Year Solution →

Book Review: The Clean Money Revolution – Reinventing Power, Purpose and Capitalism

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by Joel Solomon with Tyee Bridge

New Society Publishers, April 2017.  Review by Guy Dauncey.

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This is a great book. It’s personal, committed, passionate, informative, and full of great stories. For an addicted change-the-worlder, what more can you ask?

And the stories, from Joel’s personal life and those of his colleagues, are about one of the most important challenges we need to embrace on our planet – changing the way we invest our money.

Continue reading Book Review: The Clean Money Revolution – Reinventing Power, Purpose and Capitalism →

The World’s Central Banks to the Rescue

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by Guy Dauncey, inspired by Matthias Kroll

PDF download available here: The Boldest Climate Solution

A globally agreed carbon cap? Carbon rationing? Holland’s proposed ban on the sale of non-electric cars by 2025? Oslo’s goal to reduce the city’s total greenhouse gas emissions by 95% by 2030?

No, none of the above.

So what is it? In a nutshell, it’s the proposal that the world’s central banks create $300 billion a year, and use it to leverage investments of up to $2 trillion a year in the urgently needed transition to renewable energy, and other climate solutions.

Continue reading The World’s Central Banks to the Rescue →