Economics catching up?

“Nature is a “blind spot” in economics. We can no longer afford for it to be absent from accounting systems that dictate national finances, or ignored by economic decision makers.”

At last, economics appears to be catching up with the real world. The Dasgupta Review, commissioned by the UK Treasury, has stated what has for long been the bleeding obvious. Our economics is not serving us well by supporting destruction of our natural environment, our home.

“Truly sustainable economic growth and development means recognising that our long-term prosperity relies on rebalancing our demand of Nature’s goods and services with its capacity to supply them.”

I’ve lost count of the number of pressure groups that have made this point over the past decades, but here is hope that at least the UK government is starting to listen, and perhaps it may influence the forthcoming biodiversity summit.

Maybe the ice is beginning to melt away – the neoliberal dogma that has ruled over the gradual destruction of nature for 4 decades.

The review quotes that modern saint, David Attenborough:

“Economics is a discipline that shapes decisions of the utmost consequence, and so matters to us all. The Dasgupta Review at last puts biodiversity at its core.”

We all need reasons to hope.

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