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Brit's Eye View: Capitalism as if the World Matters

New book by Porritt argues that we need to reshape capitalism to deliver a sustainable future

Posted by Peter Madden (Guest Contributor) at 10:52 PM on 24 Sep 2007

Peter Madden, chief executive of Forum for the Future, writes a monthly column for Gristmill on sustainability in the U.K. and Europe.

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porritt_book

We have just published the American paperback version of Capitalism As If the World Matters. The book is written by Jonathon Porritt, one of the foremost environmentalists of his generation and cofounder of my organization, Forum for the Future. The foreword is by Amory Lovins. As well as working with us, Jonathon is chair of the U.K. Government's Sustainable Development Commission. Previously, he was director of Friends of the Earth.

In the book, he tackles the most pressing question of the 21st century: Can capitalism, as the dominant economic system, be reshaped to deliver a sustainable future? He argues that it can be and it must be. He then lays out the framework for a more "sustainable capitalism."

At the heart of the book are two theses: that capitalism is basically the only game in town, with the vast majority of the world's people content for it to remain so for the foreseeable future; and that learning to live sustainably on the planet is a non-negotiable imperative.

Jonathon asks why, when the science is now so clear and compelling, we haven't seen more radical responses from government and business. He lays some of the blame at the door of "conventional environmentalism," which he says has so far failed to win over the hearts and minds of the general public or the political elites because its message is too doom-laden. The necessary changes, he argues, have instead to be seen as desirable changes, good for people, their health, their quality of life today -- and not just good for the prospects of future generations.

That means working with the grain of markets and free choice. Logically, it also means embracing capitalism as the only overarching system capable of achieving any kind of reconciliation between ecological sustainability on the one hand and the pursuit of prosperity and personal well-being on the other.

I think this conclusion is difficult to argue with, though some greens in the U.K. still see the capitalist system itself as the problem, and fundamentally irredeemable. That said, Jonathon rightly believes that today's particular model of capitalism is incapable of delivering the kind of reconciliation we need because it is dependent on systematically destroying the natural capital on which we depend, and on worsening the divides between the rich and the poor.

Capitalism as if the World Matters sets out in detail the response to the challenge that Forum for the Future has been wrestling with for the past decade: can we conceptualize and then operationalize an alternative model of capitalism, a model that delivers a sustainable future?

For that to happen, the case for sustainable development must be reframed. It has to be as much about new opportunities for responsible wealth creation as about outlawing irresponsible wealth creation; it must draw on a core of ideas and values that speaks directly to people's desire for a higher quality of life, emphasizing enlightened self-interest and new kinds of personal well-being.

We must also redefine what we mean by "growth." The book highlights the need to distinguish between different kinds of growth. It argues that current economic growth does not bring us happiness. It suggests that we must not only reduce the material intensity of economic activities, but that we must change how we measure growth and progress.

Sustainable development as an organizing principle could help us to simultaneously live within natural limits, provide unprecedented opportunities for responsible and innovative wealth creators, and offer people a more balanced and more rewarding way of life.

The book is also an excellent primer on the current state of knowledge on sustainable development. Jonathon draws heavily on his work with Forum for the Future. He sets out the "Five Capitals" framework, which we have used with major businesses and public bodies. He draws on our experience of helping major companies like BP, Marks & Spencer, and Unilever. And he also writes engagingly about the importance of spirituality in sustainability.

However, when Capitalism as if the World Matters was published in the U.K., much of the press attention centered around the criticisms of the environmental movement. Jonathon challenges the positioning of the movement, and in particular, the fact that even though reconciling sustainable development with capitalism is today's most fundamental intellectual challenge, the green movement devotes "a miniscule" amount of time and money to resolving it.

The book is challenging, passionate and, ultimately, optimistic. Jonathon concludes, "It seems unarguable that the bipolar challenges of, on the one hand, the biophysical limits to growth and, on the other, the terrible damage being done to the human spirit through the pursuit of unbridled materialism, will compel a profound transformation of contemporary capitalism." Let's hope he is right.

Brit's eye view

Oh what a difference an ocean makes. I don't think Grist covered this, but the UK Conservative Party recently released a report from their "Quality of Life Policy Group" which was generally described their Environment Report. It covers many of these same issues, and contains such juicy tidbits as:
As well as being inadequate in itself to measure human well-being, GDP also
includes many economic activities that actually decrease it.
In a follow-up op-ed piece, one of the authors goes on to say:
President Bush has been a disaster, but that doesn't let us off the hook...We led the world in the Industrial Revolution. We must now lead a green revolution.
We relish the fullness, excitement and opportunity of modern life, but we all want to share it at a cost that the planet can bear.

Now remember: this is the conservative party speaking. Of course this report was met with some snickering and skepticism, but not the howls of outrage you'd expect. The Conservatives are in opposition now, and the report has yet to be translated into policy, but it clearly does speak volumes of the way green issues are framed in the UK. The conservative leader David Cameron is a little hard to get a reading on, but he does seem to me to be trying to move his party well away from the asshole-flavoured brand of conservatism so prevalent in the US and Australia.

IMHO, I think American environmentalists have a lot to learn from Britain. While it's no environmentalists' paradise here, you do get the sense of going in the right direction, unlike in the US. THe Big Supermarkets' voluntary "sustainability plans" announced earlier this year (and referenced in this post) were pretty remarkable, all things considered. More importantly, over here the debate is actually an exchange of ideas, rather than the bipolar ideological mud-slinging that colours, and ruins, every attempt to move forward in the US.

how we talk about ourselves

I really don't know if I consider myself an environmentalist.   I do think we have to do something about global warming though, not for the environment, but for the people living in the environment.

Maybe what's needed is a change in how we talk about ourselves.

Smog controls were put in cars after the clean air act of 1970, not for the environment as much as for the people who are breathing the air of the environment.   Does that make me a humanist?   Well, I would call myself a humanist if asked, but not because I want to breath smog free air.

It is not for the environment that we should solve global warming, it is for us.  

Capital or its Managers


One has to distinguish between condemning an ideology versus it's adherents.

Many, many business books are written to instruct the managers of capitalism how to think, manage and do things better -- obviously, they are not perfect.

"Green" is like a new technology entering the marketplace.  At first, there is interest, but the market (people) are not sure how to "consume" it.   And business is not knowledgeable about how to "build" it.

That doesn't mean the whole system couldn't recreate products and systems that are Green.

In fact,the hard work is doing just that now that many have accepted the need for Enviro-Thought.

It's not only about us

Trock: "It is not for the environment that we should solve global warming, it is for us. "

That's a wierd statement. God forbid one of the reasons we want to stop globabl warming is to help all the other species on the planet as well! Can't we want to help the environment to improve the lives of both humans and the rest of the earth's inhabitants?  

The Only Game in Town?

I don't understand; isn't industrial capitalism what got us here in the first place? Really, what am I missing? Doesn't this talk of capitalism as inevitable, a force of nature, "the only game in town," belong more on the Cato Institute website than on Grist?

I agree that we need a new kind of capitalism: one that is about 75% socialism. Not having read the book, I don't know what its particular prescriptions are, but it seems inescapable to me that capitalism can be redeemed (or made "sustainable") by nothing less than a large infusion of what it is de rigeur these days to sneer at as socialism. (For an example see the historical American "New Deal.")

Why does this kind of thing sound to me like trying to lead a small child away from oncoming traffic by enticing him with candy when what she needs is to be yanked forcefully and with all possible speed out of the way of danger? Do we have the time to make sustainable practices palatable to the corporate class? Can we really expect more from the brute machines of capital than the most predictable greenwashing and feel-good marketing?

AMC89: What Trock is saying is pretty basic, as I understand it: if we're not here, who cares about the environment? After all, even the fact that we call it "the environment" makes us central.

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