thinkingstring.com

Fog high above London. Boardroom type table Orbited by a dozen or so suited individuals to which any of the following might apply, but all would be modestly denied…clever, thoughtful, experienced, connected, influential, knowledgeable,passionate, engaged. And I got to be there too. The scene is important I think as a form of context for understanding the fascinating nature of the conversation around the table.

Suited business professionals and members of the industry analyst community (some whom scrub up OK too) engaging in a passionate and informed discussion regarding the need to consider the re-engineering of the long established and pervasive capitalist system. Specifically, to examine how we can recognise and reward the value associated with a steady state economic (and business) model, as opposed to only rewarding a constant growth model as we have for the last 500 years or so.

The serious proposal being that the current systemic economic crisis and associated recessions are an opportunity to start on a new direction, especially given the nexus of the economy, climate change and looming petroleum supply shortages.The conversations themselves are fascinating to listen to, and a privilege to have the opportunity to engage with. What is truly interesting however is the type of people having them, and what that signals as far as the debate on climate change has come.

Valuing a mature sustained state economic model will highlight the value of efficiencies in the service delivery production chain. Currently efficiiencies are only lightly rewarded, at best second to margin growth derived through territory expansion. The correct valuation of efficiency gains would be enabled to no small degree by including the currently externalised economic, social and ecological costs associated with an activity into the financial balance sheet where it all belongs.

Those still debating whether climate change exists, or pointing to sunspots as the cause have unfortunately been left behind in the debate. It is critical to remember that that group is large in size (arguably the majority) , and non optional as far as the need to include them as we further engage, educate and encourage appropriate action around climate change.

Who said what around the table shall remain unattributed for now, but it was all good and thank you everyone.

Thank you and kudos to BT for organising the event, inviting us all along, and having the maturity to encourage unbridled discussion.

More.

Please.