Podcast
Questions and Answers
Which of these individuals would likely be most critical of extractive microfinance, arguing that it harms the people it aims to help?
Which of these individuals would likely be most critical of extractive microfinance, arguing that it harms the people it aims to help?
- Milton Friedman
- Muhammad Yunus
- Mariana Mazzucato
- Tim Jackson (correct)
Which of these ideas highlights the limitations of traditional economic approaches to development and advocates for a more equitable and regenerative system?
Which of these ideas highlights the limitations of traditional economic approaches to development and advocates for a more equitable and regenerative system?
- Extractive microfinance
- Quantitative easing
- Doughnut Economics (correct)
- Modern Monetary Theory
What concept challenges the notion that technological solutions are always the best solution to social problems?
What concept challenges the notion that technological solutions are always the best solution to social problems?
- Quantitative easing
- The Entrepreneurial State
- Prosperity Without Growth
- Bullsh*t Jobs (correct)
Which of these concepts suggests a potential role for government in promoting entrepreneurial activity?
Which of these concepts suggests a potential role for government in promoting entrepreneurial activity?
Which of these concepts suggests a way to address the issue of Western bias in venture capital funding?
Which of these concepts suggests a way to address the issue of Western bias in venture capital funding?
Which of these individuals would likely be most critical of the potential negative effects of quantitative easing on income inequality?
Which of these individuals would likely be most critical of the potential negative effects of quantitative easing on income inequality?
Which of these thinkers would be most likely to support the idea of a Universal Basic Income as a tool for social change and promoting entrepreneurial activity?
Which of these thinkers would be most likely to support the idea of a Universal Basic Income as a tool for social change and promoting entrepreneurial activity?
Which of these concepts could potentially challenge the dominance of extractive microfinance by empowering local entrepreneurship?
Which of these concepts could potentially challenge the dominance of extractive microfinance by empowering local entrepreneurship?
Which of these thinkers would be most likely to argue that economic growth is not always desirable and can have negative consequences for social and environmental well-being?
Which of these thinkers would be most likely to argue that economic growth is not always desirable and can have negative consequences for social and environmental well-being?
Which of these concepts suggests a way to potentially mitigate the negative effects of asset price inflation caused by quantitative easing?
Which of these concepts suggests a way to potentially mitigate the negative effects of asset price inflation caused by quantitative easing?
Which of the following is NOT a characteristic of a post-growth business?
Which of the following is NOT a characteristic of a post-growth business?
Which of the following is a key aspect of social procurement?
Which of the following is a key aspect of social procurement?
What is the primary challenge in building completely ethical supply chains from the top down?
What is the primary challenge in building completely ethical supply chains from the top down?
Which of the following demonstrates the effectiveness of a bottom-up approach to ethical supply chains?
Which of the following demonstrates the effectiveness of a bottom-up approach to ethical supply chains?
How can governments benefit from embracing a post-growth mindset?
How can governments benefit from embracing a post-growth mindset?
Why is patenting taxpayer-funded innovations problematic for a post-growth approach?
Why is patenting taxpayer-funded innovations problematic for a post-growth approach?
What is the purpose of incorporating golden shares in companies critical to national infrastructure?
What is the purpose of incorporating golden shares in companies critical to national infrastructure?
How do non-extractive companies contribute to local economies?
How do non-extractive companies contribute to local economies?
Which of the following is a key argument for the appeal of post-growth entrepreneurship across different political parties?
Which of the following is a key argument for the appeal of post-growth entrepreneurship across different political parties?
Why are post-growth entrepreneurship and non-extractive companies attractive for developing countries?
Why are post-growth entrepreneurship and non-extractive companies attractive for developing countries?
Flashcards
Post-growth business
Post-growth business
Building a parallel economy that is less extractive and more social.
Social procurement
Social procurement
Incorporating social and environmental criteria into vendor selection.
Social compliance
Social compliance
Aiming for positive change beyond minimum legal requirements.
Ethical supply chains
Ethical supply chains
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Bottom-up approach
Bottom-up approach
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Interconnected ethical networks
Interconnected ethical networks
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Post-growth mindset in governments
Post-growth mindset in governments
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Non-extractive companies
Non-extractive companies
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Golden shares
Golden shares
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Post-growth entrepreneurship
Post-growth entrepreneurship
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Extractive Microfinance
Extractive Microfinance
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Supporting Local Entrepreneurship
Supporting Local Entrepreneurship
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Western Bias in Venture Capital
Western Bias in Venture Capital
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Universal Basic Income (UBI)
Universal Basic Income (UBI)
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Modern Monetary Theory (MMT)
Modern Monetary Theory (MMT)
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Central Banks
Central Banks
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Quantitative Easing
Quantitative Easing
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Tim Jackson
Tim Jackson
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Pope Francis and UBI
Pope Francis and UBI
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Doughnut Economics
Doughnut Economics
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Study Notes
Post-Growth Business
- Post-growth business builds a parallel economy, less extractive and more social.
- The goal is a transition with, not domination of, the commercial economy.
- Procurement policy tweaks promote social enterprise and sustainability.
- Social procurement incorporates social and environmental factors in vendor choices.
- Social compliance exceeds legal minimums, promoting ethical values.
- Ethical supply chains are challenging, top-down approaches struggle.
- Fairphone and Tony's Chocolonely illustrate top-down ethical chain difficulties.
- Bottom-up ethical supply chains break down products into parts to focus on individual ethical production.
- Fairphone partnered with Glencore, Signify, and Tesla to create a fair tungsten mine.
- Interconnected ethical company networks build complex ethical products.
- The internet demonstrates interconnected networks of simple parts.
Post-Growth Governments
- Governments benefit from adopting a post-growth mindset.
- Mariana Mazzucato views the state as the world's largest VC, but current systems socialize costs and privatize benefits.
- Patenting taxpayer-funded innovations limits innovation use.
- Venture capital investments in universities often prioritize foreign markets over local ones.
- Golden shares are for national infrastructure to prevent foreign takeover.
- Non-extractive companies contribute more to local economies through taxes.
- Monopolies hinder market development.
- Post-growth entrepreneurship appeals to various political parties, opposing extraction and monopolies.
Post-Growth Development
- Post-growth entrepreneurship and non-extractive companies appeal to developing nations.
- Foreign capital often extracts value from developing nations.
- Extractive microfinance has exploitative rates, harming those it aims to help.
- Supporting local entrepreneurship is better than extractive capital inflow for development.
- Western bias in venture capital funding hinders African entrepreneurship.
- Universal Basic Income (UBI) provides a social safety net and allows for meaningful work, like starting social enterprises.
- Modern Monetary Theory (MMT) highlights government money creation and priority setting.
- Central banks significantly influence economies via quantitative easing.
- Quantitative easing can inflate asset prices, benefiting asset holders disproportionately.
Key Individuals and Concepts
- Tim Jackson: Economist known for "Prosperity Without Growth."
- Mariana Mazzucato: Economist, coined "the Entrepreneurial State."
- Muhammad Yunus: Microfinance founder, social business pioneer.
- Kate Raworth: Economist, promotes "Doughnut Economics."
- Paul Hawken: Author of "Drawdown," 100 carbon-reduction solutions.
- Douglas Rushkoff: Media theorist, argues technology isn't always the solution.
- David Graber: Anthropologist, coined "bullshit jobs."
- Milton Friedman: Nobel laureate, advocated for free markets.
- Pope Francis: Catholic leader supportive of a Universal Basic Income (UBI).
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