Unleashing the Sleeping Giant: Discovering New Ground and Starting the Dance of the TAO

Stefan Brunnhuber ()

Chapter Chapter 4 in Financing Our Future, 2021, pp 97-119 from Springer

Abstract: Abstract In Chap. 2 , we explored the conventional way of financing social and ecological challenges and introduced the notion of a “six-pack” of tools. This included regulatory efforts (transparency, taxation, taxonomy), impact funding, hybrid ex-swap strategies, and public-private partnership initiatives to tackle an unstable financial system. We also provided a rationale for why and how to redistribute money. In Chap. 3 , we saw that systems theory offers a different perspective in which the optimum of any sustainable pathway lies in between efficiency and resilience, in the “anti-fragile zone” of a given system. Additionally, we elaborated upon the full mental capacity of the human brain and mind, distinguishing between linear and parallel thinking. Using this dual perspective, the present chapter analyzes the aspects of our current financial system that prevent us from creating the liquidity to finance our future. Using the SDGs as a benchmark plan, we estimate the required amount of additional liquidity needed to finance these goals. Lastly, we describe the alternative and complementary mechanism of parallel currencies to circumvent these limitations. However, our discovery of this new ground needs to begin with a better understanding of the global commons.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64826-8_4

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DOI: 10.1007/978-3-030-64826-8_4

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