By: Angela Prentner-Smith, Founder and MD of This is Milk
The first book is Donut Economics by Kate Raworth.
The flawed methodology is continuously repeated through educational establishments, through every economic student that goes through the system they are taught this flawed logic that GDP will always get a country out of whatever problems it has, and that this is the measure of growth.
But we now know that that's not the case because we are seeing erosion of community, the planet, our climate controls, and a lot of inequality based on this flawed economic thinking.
Donut Economics presents to us that there's a different way of looking at this that actually considers impacts across every factor of society; equality, environment, connection with people - the things that really matter to us as humans.
This sort of thinking is starting to gain traction now and is aligned to quite a lot of South American thinking, for example, instead of more European capitalist thinking that has taken the globe over. It's ambitious, promising and gives an alternative viewpoint. I think it gives a little bit of hope that there is another way to do this.
What always sticks in my mind is that we talk about economic reasons to do things, but economics is not real. It's something that is made-up by humans. It is entirely changeable. We decide to do things, and we decide to measure them the way that we do. Economics works the way it does because we decided it works that way, and as we've seen, it keeps rich people rich. That's what it tends to do ultimately.
We have to start thinking in a more balanced and measured way. I feel that this book is quite a hopeful book. I would definitely recommend it.
Then for something a little less hopeful, but around the same ilk is the Panama Papers from Bastian Obermayer and Frederik Obermaier, which takes you through the chronicling of the uncovering of what became known as The Panama Papers.
It's a book that opens you up to how corrupt the world really is and doesn't give you the hope that potentially Donut Economics does. It shows you the extent that corruption exists across the globe and the length that rich people will go to protect their wealth. It also shows the redistribution of wealth does not think of the needs of the planet, people or community.
Later this month we celebrate Book Week Scotland but here at This Is Milk, we celebrate books monthly!
We hold our monthly TiM book club on the second Tuesday of each month at 12pm, where we discuss not only books, tv shows, movies, podcasts, anything you’ve enjoyed consuming over the month and want to share. Anyone is welcome to join us. If you would like to join our book club or you’re interested in hearing more, please email email@example.com
Read the second part of this blog by clicking the button below.