How do we create a better economy?

Explore the model known as doughnut economics, which aims to meet the needs of people without overshooting Earth's ecological limits.

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Can we call any economy “healthy” in the face of dwindling resources and growing inequality? What if we cut off our addiction to endless growth, and used a new compass for modern prosperity? One such compass is known as “doughnut economics,” which aims to meet the needs of people without overshooting Earth's ecological limits. Explore how this model reframes our economic systems.

This video is based on interview excerpts from the TED Interview podcast. The episode is called “Kate Raworth argues that rethinking economics can save our planet”

Directed by Vicente Nirō, AIM Creative Studios.

This video made possible in collaboration with World Economic Forum

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Thank you so much to our patrons for your support! Without you this video would not be possible! Ovidiu Mrd, paul g mohney, Steven Razey, Nathan Giusti, Helen Lee, Anthony Benedict, Karthik Balsubramanian, Annastasshia Ames, Amy Lopez, Vinh-Thuy Nguyen, Liz Candee, Ugur Doga Sezgin, Karmi Nguyen, John C. Vesey, Yelena Baykova, Nick Johnson, Carlos H. Costa, Jennifer Kurkoski, Ryan B Harvey, Akinola Emmanuel, Jose Arcadio Valdes Franco, Sebastiaan Vleugels, Karl Laius, JY Kang, Abhishek Goel, Heidi Stolt, Nicole Sund, Karlee Finch, Mario Mejia, Denise A Pitts, Doug Henry, Keven Webb, Mihai Sandu, Deepak Iyer, Javid Gozalov, Kyanta Yap, Rebecca Reineke, William Biersdorf, Patricia Alves Panagides, Yvette Mocete, Cyrus Garay, Samuel Barbas, LadyGeek, Marin Kovachev, Penelope Misquitta, Hans Peng, Gaurav Mathur, Erik Biemans, Tony, Michelle, Katie and Josh Pedretti and Hoai Nam Tran.

[frisovnim]

Note that GDP growth is often measured in percentages comparing this year to the last: 10% growth means this years' GDP was 10% bigger than last year. So we are not only chasing eternal growth, but eternal exponential growth! Growing the economy by 2% now requires much more actual resources than it did fifty years ago. It is getting harder and harder to sustain the growth levels we've gotten used to, but that doesn't mean we're falling back.

[niarudle]

Mahatma Gandhi once famously said: “The Earth provides enough to satisfy every man’s needs, but not every man’s greed.”

[xymljxw]

I totally agree with her conclusion. Balance is always important for everything such as work, food, sleep, relationships with others and so on. I’m gonna always remember this theme for my whole life.

[mooodlemip]

Imagine giving an answer so good that it’s used to narrate a whole Ted-Ed video

Wow! Imma go listen to the whole interview!

[nickc]

The major problem with this is less growth = less wealth for elites. They will never allow such a situation to occur.

[joszsz]

This single video is the best thing I've seen on economics. It echoes so many thoughts that I hadn't found ways to express; growth isn't necessarily advancement, growth isn't necessarily development, and more importantly, welfare should come first before any new phase is explored.

[earthling_parth]

I like this visualization theory of the stability range concept. Thanks as always TED-ED

[BlueSmoke]

I am intrigued by how this not only changes growth, but decline. Currently doing less in any area causes tremors throughout the system, threatens other areas, causes everyone to prepare for bad times. So say, a bottled water company has to always hope to sell more bottles of water, produce more to sell, even if that produces waste.
But this doughnut approach allows us to recognize that maybe things will slacken, but we're still in the ideal range. So that bottled water company could produce less - say because they're switching from plastic bottles to reusable aluminum, at a smaller scale - but it's not damaging to the economy, no one panics, and the environment is better cared for.

[connection]

I always understood this aspiration for growht not only as doing things bigger, but also doing them better. Like for example, monitors. They used to be so big and expensive before, now they are better, slimmer and cheaper and there's more of them for everybody

[benmack]

I think people easily fail to realize just how amazing of a planet we live on. We tend to take everything we've experienced for granted because it's easy, and it can be quite hard to imagine a world where we actively care for thing we so heavily rely on. It's not like there's an Earth 2.0, so we might as well make it as homey as we can while we're here.

[fishi]

I think this is my favourite TED-Ed video just looking at the narration/music. The narrator is so charismatic and passionate!

[ovencake]

kinda crazy that The World Economic Forum, a group of the worlds biggest capitalists, create a video like this

[lovman]

I've really come to love Ted-Ed. I discovered it several years ago when tutoring someone in K-12 - the intended audience for these videos. But, they are great for adults too! I just sent out its recent overview of schizophrenia, and certainly will send this one around - it captures Kate Raworth's Donut Economy in 5 minutes as well or better than her longer lectures and many white papers discussing this pariticular concept. Well done Ted-Ed, keep up the great work!

[bobthegoat]

What a great video. Easy to understand and definitely a video I would show if I ever encountered the leaders of the world

[vaultecblue]

Its 2 AM, I have a microbiology exam tomorrow, and I'm watching a Ted ed video on economy.

[theexplainedchannel]

This is the reason Why I love Ted- ed.❤
They always try to answer such interesting questions!
I am trying the same as well in my channel. Hope I will match their level some day!

[svirakshabapat]

I feel this is a very individualistic concept that can be used to bring environmental concious behaviour and on the contrary, for countries to understand and adopt, it will need a bottom up approach which is completely opposite of one size fits all approach.

[talhaiqbal]

I've always wondered independently how there can be this unrealistic expectation of growth forever. In a finite world, there will come a point where there's no more goods and services needed. There must be a peak...right?

[Student-gilb]

Thank you. I do see now that a better planet is the first thing for a better economy

[woltews]

wow this came so close to having even one useful suggestion and then just ended before identifying even one idea that could be used . Its like saying we should end war without giving any idea how to do that !