In this RSA Short for April 2014, Growth is Not Enough, Oxford economist Kate Raworth looks at the constantly heard economic mantra of growth. Is it all that needs to be in the economic outcome basket of results, despite the repetitious demands of politicians?
What should economies aim for is Kate’s key question? We recently published in our RSA East journal a short TED Talk by Harish Manwani, Chief Operating Officer of Unilever, where he stresses that brands, corporate business endeavour, can be a force for social change in communities. His take on growth was to stir in responsibiity to the fiscal admixture.
The Raworth argument pivots on the notion that un-mediated economic growth leads to deprivation, degradation and inequality.
Richard Wilkinson, one of the co-authors of The Spirit Level, gave a stirring TED Talk on inequality a couple of years ago. He effects to compare and contrast the data on major economies of the world and how inequality in societies affects the lives of millions.
How Economic Inequality Harms Societies – well worth a look.