Tag: circulareconomy

  • CoViD 19 as Our Crystal Ball

    The future is already here, it is just not evenly distributed

    Bewildered climate activists flood my feed.

    The essential question is ‘Why CoViD19 and not Global Heating?’

    The response we have seen over the last months and weeks is the sort of response we have been waiting for since the turn of the millennium.

    This article contends that while it is important to understand the difference in the responses, it is even more useful to examine those responses to learn the lessons required to build the post-growth world.

    Personal, immediate and real

    The fundamental difference, apparent in all the language used by all authorities, is that the threat from SARS-CoV-2 is immediate and it is personal. ‘If we don’t do this, you will die.’

    The images of Italians and New Yorkers waiting for Intensive Care provides compelling evidence. ‘That could be me.’ There is no doubt of the risk. Global heating, by comparison, will harm us all at some point in the future. It is easy to ignore.

    The other, critically important, difference is that there is a well-funded climate-denialist lobby, actively undermining any policy or action addressing greenhouse gas emissions. Their efforts, the media they control and the toxicity they inject into the debate are systematically documented by Naomi Klein in her 2014 book, This Changes Everything as well as many other places.

    The absence of that truth denying lobby in this pandemic allows us to analyse government, community and individual responses to the pandemic without doubting the self-evident facts. In fact it provides a controlled experiment in which different national responses adjust individual variables providing a rich field for exploration.

    We are all selfish

    Young people did not physically distance as soon as lock downs were decreed: they went out and partied, invited friends over and generally behaved as if they are invincible. As you do.

    Despite admonitions not to, many people hoarded. Some had experienced shortages in wars, some only survive by their wits and some are simply greedy. We do not want to queue for food, go hungry or pay extorted prices to others who are faster to act than we are.

    Anaesthetist Erich Schulz recently told me, “hundreds of people struggle to make sacrifices that will save their lives. They should eat less, drink less, exercise more, but they cannot give up the immediate gratification of their current lifestyle, even though it is a matter of life or death. We cannot change people’s behaviour by telling them what is good for them, let alone what is good for everybody else.”

    Environmental movements have failed to sweep progressive politics partly because they often sit uncomfortably with social justice movements. The environment is perceived as a concern of the affluent. This pandemic has brought home the reality that we all respond to Maslo’s hierarchy of needs, we feed and shelter our family before we look out for the neighbours or build community. Apply your own oxygen mask first.

    In building a sustainable, post-growth future, we first have to build community, the framework to support the change in our behaviour. We cannot dictate what others do, we must invite them to join us in the thriving and sustainable future that we create.

    Lives versus money

    Because the CoViD-19 disease has an obvious impact, offers no immediate profit and has arrived so fast, governments have acted on behalf of their citizens rather than the interests of capital.

    The few outliers calling the “cure worse than the disease” or saying, “I would rather die than harm the … economy” have gradually morphed into the more gentle assertion that “harming the economy will kill more people than the disease.”

    This goes to the heart of our standard left/right political divide. It is not a trivial argument.

    We have enjoyed seventy years of affluence beyond the wildest dreams of earlier epochs. We travel in smooth, fast chariots without making personal effort. We whisper into or wave our hands over polished rocks that transfer our thoughts instantaneously to the other side of the world.

    This affluence has been brought about by scientific ingenuity, plentiful cheap energy, the resulting exponential population growth and the extraction of irreplaceable resources. Capitalism has facilitated this affluence and is dependent on the continuous growth and extractive practices.

     ‘The economy’ is simply the mechanism for tracking and the measuring commercial activity, it is not in itself an entity that requires nurturing. That fiction has been actively promoted by the owners of joint-stock companies over centuries who use ‘the economy’ as the means to control governments and so extract wealth from our individual activity. It is the worship of money that is the root of all evil, not money itself.

    CoViD 19 has shifted the debate from whether we should reduce activity, to how we manage that enforced reduction and its impact on the population at large.

    The role of the state

    Part of the emerging libertarian pushback is on grounds of personal rather than economic freedom. Laws preventing gatherings may ensure public safety in a pandemic but sacrifice hard won freedoms that governments may be reluctant to relinquish.

    This can be subtle. We willingly give up cash to use the more hygienic digital equivalent, even though centralised money systems can be abused. The fictional example of Handmaids Tale reflects the actual, recent experience in Greece. Digital money can be reassigned at the press of a button.

    Conservative governments have gone out of their way to apologise to business and industry for the loss of profit caused by governing in the interests of public safety.

    The important thing to remember is that we call on the state to support us when the situation gets beyond our capacity to manage. If the neighbour’s party turns into a riot, we call the police; when a woman collapsed outside my apartment yesterday, I called an ambulance.

    When the Black Plague swept through Europe in the 14th Century killing over 30% of the population, people blamed God, prayed for deliverance and went to their deaths assuming that He had forsaken (or sacrificed) them. By comparison, in response to the cholera plagues of the 1850s, citizens turned to governments to build better sanitation and water supply and provide compensation and regulation.

    We acknowledge and recognise the apparatus in which we place our faith by supporting it with our loyalty, our cash and our compliance. The neo-liberal project has undermined our faith in government and replaced it with faith in the market. The CoViD 19 crisis exposes the falseness of that proposition. It is an echo of the City’s assumption of control over New York fire brigades in the late nineteenth century to prevent disasters caused by in-fighting between insurance companies.

    Nuance is difficult – Science is hard

    We have watched governments blunder and stumble in their interpretation of the science and converting it to policy. But the messaging, science and policy have gradually converged to make cogent sense.

    A clear example has been the concept of ‘flattening the curve’ and its more nuanced partner, ‘bending the curve’.

    On 20th March, Tomas Pueyo published in Medium.com an article entitled the Hammer and the Dance analysing in detail the actions taken by various governments and the corresponding infection and mortality rates.

    https://medium.com/@tomaspueyo/coronavirus-the-hammer-and-the-dance-be9337092b56

    His article is dense and not easy to explain in a three minute news story.

    Over the subsequent week, though, hand worked examples of exponential growth appeared on free to air television, the rhetoric of ‘flattening the curve’ was used to explain the need to manage demand for a limited resources, such as intensive care beds and then, finally, the rhetorical device of ‘bending the curve’ explained the difference between an exponent of more or less than one.

    This week governments are struggling with the messaging for the reality that until there is a vaccine, we remain locked down or wait until about 70% of the population gains immunity through infection.

    The absence of people actively funding ‘anti-science’ has allowed a widespread dissemination of information and the creation of knowledge and intelligence to understand and accept challenging policy that requires personal sacrifice.

    Toilet paper, sanitizer and spaghetti

    The items we have hoarded during the CoViD 19 pandemic reveal systemic flaws that we must address in the larger project of building the post-growth future.

    We cannot easily direct people to use squares of newspaper instead of super soft, double ply toilet tissue because the modern sewer is not equipped to handle squares of toilet paper, no matter how vigorously they have been softened by the sitter. Hand sanitiser is more convenient than soap and water, our love of meat means we no longer obtain the bulk of our protein from pulses as was traditionally the case.

    When we outline the technological solutions to greenhouse gas pollution and biodiversity, we have to take these dependencies into account.

    Hubs of production

    Cat Green is a PhD student researching food sovereignty. She contributed a chapter called the
    Radical Homemaker to a book on Fair Food. Part of her radical homemaking manifesto is that our
    homes have been constructed as nodes of consumption and that we need to transform them into
    hubs of production.
    We buy stuff and consume it at home, alienating ourselves by consuming alone. If we make stuff to
    share, then we put ourselves at the centre, or hub, of the network instead of at the edge. Our lives
    are filled with people and those people get something tangible from us that builds a relationship.
    By engaging friends and neighbours in shelling the pigeon peas we grow on the spare block next
    door, we build community in ways that have worked for thousands of centuries. That community
    supports us in the present as well as the future. That network makes us resilient and helps us thrive
    instead of simply survive.
    Of course, the choices we make as a consumer can contribute to long term sustainability but we
    would have to buy a lot of hand-made soap to influence the footprint of soap manufacturing. By
    contrast, making the soap for other people spreads the word, increases the volume of hand-made
    soap and encourages soap-manufacturers to respond to the market.

    Creating the future

    This pandemic is just the most recent disaster. While we are battling it, Australia’s Great Barrier Reef is undergoing its fourth major bleaching event in a decade. Bushfires that denuded the landscape of every living thing were still burning in late January. There will be other disasters in the future, probably before we emerge from the pandemic.

    Governments are already saying they will ‘take off the brakes’ on ‘the economy’ to ‘get back to normal’ when we get ‘to the other side’. To maintain control of the agenda, we will have to build on the lessons  outlined in this article.

    There will be fertile ground. Regional manufacturing is re-emerging a couple of weeks into the shutdown, local economies are forming, people are rediscovering the joys of games, reading, learning, playing music and singing together.

    We must support and nurture resilient communities to thrive in a post-growth era and we have a golden opportunity to establish those communities. We must also wrest control of our governing structures from the mega-wealthy who own the capital that controls the systems that, until last month, dominated government policy. That is the larger task, but at least this crisis has offered us a window into what is possible when our governments take control.

    The future is already here and, this time, it is widely distributed

  • The best and worst of recycling

    Agricultural use of single-use-plastics dwarves domestic use, Jenny Brown of Envorinex told a crowd of forty at The Precinct in Brisbane last night. The good news is that the company which she founded and heads as managing director, is doing something about it.

    A manufacturer of plastic goods for industrial and infrastructure applications since 2003, Ms Brown has been waging war on waste by recycling as much plastic as possible and delivering goods made from 100% reclaimed waste in the bulk of her products.

    Jenny Brown of Envorinex at the Circular Economy Meetup - June 2019
    Anshu Sisodia and Jenny Brown of Envorinex with friend at Brisbane’s Circular Economy meetup for World Environment Day in June

    “Plastic can be re-used dozens of times and last for centuries if it is properly processed,” she said, “the important thing is to get it right the first time.”

    Some of Envorinex greatest successes include the processing of tonnes of bags and tubes used to deliver saline solution in hospital and converting that into mats and other products.

    “All of the goods that leave our factory can be recycled again, and again and again,” she said.

    Envorinex is based in northern Tasmania and employs around twelve full time staff on two different production lines, reclaiming and processing waste and producing a range of products from guide posts for roads, antifatigue mats for oil rigs, through to simple clips and accessories for a range of applications.

    Ms Brown is in Queensland to explore the establishment of a processing plant to recycle a significant portion of the agricultural waste from the southern half of the state.

    Her presentation included images of tonnes of single use plastic discarded by strawberry and livestock farmers. Envorinex also processes hard plastics recovered from mines and Tasmania’s very active salmon and oyster farming industry. The stanchions and frames used to contain the fish or on which the oysters grow, are replaced every three to five years and include many tonnes of plastic.

    She said that the enemy of recycling is contamination. This is not so much the organic material that attaches to the plastic as the ropes, nylon clips and other attachments that have to be removed manually, vastly increasing the cost of handling and recycling.

    She also noted that most manufacturers reduce costs by mixing substances such as sawdust with virgin plastics to reduce costs and by skimping on other additives that ensure longevity and recyclability.

    Answering a question from the audience about domestic use of single-use-plastics she said that Envorinex deals exclusively with industrial and agricultural waste because domestic waste is so contaminated that it is extremely difficult to recycle.

    “This is why the waste from Australia and other rich countries has been rejected by China, India and Malaysia. They simply cannot process it,” she said. The problem is partly that packaging is often made from a mixture of products that cannot be effectively separated as well as the poor handling and sorting on the part of domestic users.

    She also noted that there are some applications, such as hospital equipment, where single use plastics are necessary but, that generally speaking, single use packaging items are the major problem.

    More information is available from the Envorinex website

  • Growth, or not, and a little Wisdom

    A public discussion on the Post-Growth Future for Business held at University of Queensland generated far-reaching discussion last Friday, 7th June.

    Dr Cle-Anne Gabriel
    Dr Cle-Anne Gabriel at UQ Business School

    Hosted by Dr Cle-Ann Gabriel, who is researching business models for sustainability, the event outlined the reasons for considering an end to growth, the challenges that poses for business and some approaches that can help business flourish in a post-growth environment.

    Key among the ideas was that individual businesses can grow in a zero growth economy, the challenge is where the degrowth comes from to balance that out.

    Dr Gabriel provided an overview of the philosophical underpinnings of zero-growth, the difference between degrowth (it is a process that can be applied to specific areas, such as developed countries, to move toward a post-Growth economy) and post-Growth, and a list of the challenges facing economists.

    Dr Michelle Maloney

    Dr Michelle Maloney, codirector of the New Economy Network, walked through the recent history of growth and the increasing influence of finance as a result of neo-liberalism and some of the tools being used to replace economic growth in specific communities.

    Associate-Professor Bernard McKenna

    Associate Professor Bernard McKenna focused on the nature and application of wisdom. He pointed out that the application of theory and dogma to economic management and in governance generally can lead to harsh and unintentional harm, if is applied without the ameliorating impact of wisdom.

    The complimentary and thorough talks generated vigorous and wide ranging discussion in the workshops raising a number of interesting questions and observations.

    One very challenging observation was that the exponential curves of the “Great Acceleration” all follow similar trajectories to that of population. If deforestation, plastic pollution, ocean acidification, falling water tables, disappearing ice etc are all functions of overpopulation, then this leads to the challenging idea that reducing population would solve all the other problems on its own. That in turn leads to the uncomfortably cynical observation that the inaction of the world’s richest nations on climate change and their increasing hostility to immigration could well engineer such an outcome by simply letting three quarters of the world disappear in an ecological catastrophe.

    Professor McKenna’s work on Wisdom would obviously not accommodate such a conclusion.

  • Discussion thrives at Griffith Circular Economy event

    Over fifty delegates kicked off a lively discussion about the role of the Circular Economy for small business at Griffith University, Southbank, yesterday, Thursday, 30th May.

    The Queensland Small Business Week Event #QSBW had businesses grilling government, academics and practitioners about tools to implement the strategies discussed, government support for innovation and long term impacts on the economy.

    Liesl Hull from Suez presented examples of practitioner success
    Liesl Hull from Suez presented examples of practitioner success

    Geoff Ebbs of Great Notion hosted a panel with Dr Robert Hales, Director of Griffith’s Centre for Sustainable Enterprise and Marjon Wind, of CE Labs and BMI. Speakers inlcuded Syliva Garner from Queensland Department of Environment and Science, Petra Perolini of the Queensland College of Art and Liesl Hull from waste conglomerate Suez.

    Griffith University will launch a course for business leaders in July, in the same timeline CE Labs will announce the outcome of the 3 month process they launched in February and Great Notion will begin a roadshow through business networks and chambers of commerce.

  • Thriving in a low growth economy: Say what?

    Wages growth, inflation, interest rates and unemployment are at all-time lows. Traditional economic models are not working. How can small business thrive in a low-growth economy?

    Many small business owners find it unhelpful to engage with macro-economic policy. It seems largely irrelevant to our frame of operation. Throughout the rise and fall of empire, fashions in economic theory and the fickle passions of rulers, taverns and cafes, bakers and tailors, butchers and milliners have flourished. Small businesses dominated the main thoroughfares and side streets of the capitals of every civilisation.

    People need to eat, to dress, to trade regardless of the forces shaping the geopolitics of the day. Every army has its camp followers; providing the services soldiers demand, at a price.

    Of course, retail markets flourish in wealthy, successful empires and struggle when an empire is on its knees. The recent economic crisis in Greece was marked by the absence of advertising in the streets and the threadbare nature of famous retail strips. Similarly, the depression years in Australia and the US showed a dramatic shrinkage in retail activity. Nevertheless, some businesses survived the tough times, building their brands and brand loyalty or simply eking out an existence in their community.

    We face an era where globalisation and online trading have undermined many of the roles filled traditionally by small business. Trade is booming, but many small businesses are not. On top of that, we now face challenges to the geopolitical framework, the availability and price of resources and the natural environment that supports and nourishes us.

    How best to prepare for this apparently perfect storm?

    Fouinder, Geoff Ebbs, digs in the leaf litter
    Digging in the leaf litter to gather nutrients might turn up truffles

    Is zero-waste enough?

    The notion of the Circular Economy is that we can no longer continue the extractive practices of the linear economy; harvesting resources, extracting the most profitable elements and throwing the remainder away. We need to emulate ecosystems, ensuring that what we don’t use ourselves is taken advantage of by another member of the eco-system. A rainforest throws nothing away, clean water flows down its rivers, to be returned by the water cycle. It is a net producer of oxygen and consumes only sunshine. Everything else cycles around within the closed ecosystem.

    Implicit in our adoption of this model is the twin notions that the planetary systems that support us can only provide a finite amount of resources and survive a certain level of contamination. To preserve the supportive capacity of those systems, we must limit the extraction of raw materials and the production of waste.

    Therefore, the primary focus of the current wave of Circular Economy practitioners is, justifiably, the elimination of waste through re-use, reduction and recycling.

    There is an underlying problem, though, that this focus does not capture. That problem is our addiction to growth.

    The challenge of growth

    Put simply, the challenge of continuous growth is that we live on a finite planet and, at some point, we reach the limit of the planet to support us and so must stop population and consumption growth. This was succinctly framed by Malthus in the eighteenth century when he compared human populations to rabbits on a desert island, and the cycles of population boom and bust that characterise them. His concluding observation was that only some moral imperative could prevent humans from facing the same fate.

    David Suzuki recently reframed the problem using a test-tube of nutrients and a population of bacteria that is analysed further under the mathematics of growth. “Eventually, the bacteria will consume 100% of the resources in the test-tube” he notes.

    The ability of technology to solve any shortages that arose over the intervening centuries discredited Malthus so completely, that scientists (such as the Club of Rome, writing in the sixties that humanity faced major challenges by the mid-twenty first century) have been largely ignored as alarmist. Indeed, it is a defining characteristic of many contemporary, populist movements around the world that they accuse globalist governments of threatening the rights of ordinary people to consume whatever they want in the name of fictional crises that have been produced simply to scare us into submission. The rhetoric pits personal freedoms against a mythical global good.

    At the heart of this hubris is our conviction that we have conquered nature; we confront global collapse as interplanetary gods waving our magical trident to perform geo-engineering on Earth or providing an escape to Mars. This is the type of desperation that led the Easter Islanders to construct huge stone statues in a vain attempt to survive without fresh water.

    As a civilisation we can only survive if those of us who can see the big picture, can provide a clear portrait of a radically changed economic system with a complete understanding of what this change means for ordinary people.

    The development of tools for small business to thrive in a circular economy is one step in that larger process.

    Our dependence on growth

    In 2008 I interviewed Dick Smith about his attempts to run Australian Geographic as a non-growth company and Dick Smith Foods as a bulwark against the damage globalisation might be doing to Australia’s food sovereignty.

    Among the difficulties he faced at Australian Geographic were rising costs of both overheads and supplies, staff expectations for advancement and the ongoing need for capital investment. Ultimately he sold Australian Geographic as a going concern and the business model reverted to a traditional membership publishing one.

    He also conceded defeat of the mission for Dick Smith Foods when the Green family sold their quite sizable food processing business to American interests.

    “I remain a capitalist,” he told me, “No other system has provided so much advantage for so many people, but I am not sure how we can avoid its cycles of boom and bust.”

    Given such a long period of economic growth, the scale of an imminent downturn is somewhat frightening.

    To date, we have assumed an underlying growth in the economy to meet many of our expectations that life will improve over time. It is important to analyse those expectations so that we can better prepare to deal with the changes we face.

    The mathematics of growth

    Earlier I asserted that the traditional 25 year mortgage is based on a three percent inflation rate. That is because an annual three percent increase results in a doubling of the value of your asset every 25 years. A ten percent increase doubles the value every seven years. This is the basis of exponential growth. A small increase in the rate of growth, reduces the time it takes to double the value of the asset.

    The time it takes to double the value of an asset, or the size of a population decreases quickly as you increase the interest rate.
    It takes 25 years to double something that increases at 3% a year, only 10 years to double something increasing at 7%

    David Suzuki uses this to demonstrate the impact of exponential growth in his famous test tube example. You take a test tube full of a nutrient solution and you add a bacteria that reproduces every second, consuming some nutrients to do so. The population of bacteria doubles each second. At the beginning the test tube is full of nutrients and has one bacterium. At some point, the end of growth (E), the test tube is empty of nutrients and so the population of bacteria cannot grow and will collapse. One second before that (E-1), the test tube will be half full of nutrients and will have half the possible maximum number of bacteria (E-1=50%). Five seconds before the end of growth (E-5) the number of bacteria will be 3% of the theoretical maximum. Do the maths: 50, 25, 12.5, 6.25, 3.125. (E-5=3%)

    He puts it this way, “At 3% of the theoretical maximum, most of the bacteria will be blissfully unaware that they are about to go extinct. There is 97% of room for growth and plenty of nutrients. Nothing’s wrong, they will say.”

    He makes the point that with the human population doubling every 25 years and many resources already in short supply, most scientists concur that we are in the final moments of a major collapse. “We are currently much closer than the five second point of the test tube example.”

    He extends the analogy. “Let us say that a few brilliant bacteria in the test tube have explored the world around them and found three more nutrient laden test tubes nearby. Imagine that they decide to use some of the diminishing resources to go to Mars. Those three test tubes could expand the life of the colony by two seconds! This is not a new beginning, it is just a slight delay of the end.”

    The point is that despite our individual and systemic dependence on continous growth, it is not sustainable. We cannot afford it because it leads directly to a collapse of the systems on which we depend.

    As a result, we cannot assume a background of growth as the basis of our future planning.

    The instinctive mantra of political parties that their role is to nurture and manage economic growth is a convenient fiction in the face of a radical and unpalatable truth. It is one of the reasons we no longer trust them. We know the premise rings hollow.

    The role of debt

    There is a very simple reason that governments and opposition parties continually talk about economic growth as the central plank in a capitalist democracy. That is, the financial system depends on it.

    It is impossible to make a profit by lending money to someone unless they pay you interest. For the borrower to justify those interest payments they must be making more money from their commercial activity than the money costs them.

    If you borrow a million dollars to buy a home in Sydney you will pay, over 25 years, another million in interest. If the house has not doubled in value by the time you have paid it off, you have lost money on the deal.

    This simple arithmetic is the basis of our housing market, the 25 year loan and the preferred CPI increase of 3%. If inflation sits at 3% then home owners can afford to buy houses, rents are about half the cost of having a mortgage but someone paying off a mortgage pulls in front after 25 years, because they can now live in their property rent free.

    That model has been seriously disrupted over the last two decades.

    The same logic applies to commercial lending, the share market and international currency exchanges. Without continuous growth, the debt model collapses and so does our current financial system.

    In the light of this it is interesting to consider that charging interest on loans was once illegal in Christian Europe (it was known as the crime of Ursury) and remains banned in Islam. The rise of commerce and the collapse of the Church in the face of the industrial revolution has radically changed our thinking about the role of debt.

    Is degrowth possible?

    There are plenty of organisations promoting the virtues of reducing our footprint: Fly less, buy less, use less, apply thrift, declutter, destress, spend nothing …. All of this is a retailer’s nightmare.

    The driving logic of these campaigns is compelling. Consumption is not happiness, the ecosystem that nurtures us is overloaded, we have to reduce our footprint to survive. It is not a question of whether we can implement degrowth, it is a matter of how we survive in the face of a collapse in growth. Degrowth now, is simply an insurance policy against future systemic failure.

    How on earth is this view compatible with Thriving in a Circular Economy?

    The simple answer is to look at a natural ecosystem like a rainforest.

    Overall the forest only consumes sunlight, it captures rainwater and releases clean fresh water into the streams that run out of it. It produces oxygen and consumes carbon from the atmosphere. Other than that, it is a closed system.

    But it grows.

    It thrives.

    It teems with life.

    See the article Unpacking the Circular Economy for a detailed analysis about how linear systems within an ecosystem contribute to a circular economy. Ultimately, each of us can grow as we need to, but somehow we have to particpate in the overall ecosystem.

    We cannot grow exponentially. We cannot grow at the expense of future generations. But we can grow vigorously, as long as we are part of an ecosystem and ensure that our waste is someone else’s food.

    The limits of growth are simply that we cannot grow by exploiting the major resources and throwing the rest away – unless we have an army of parasites, camp followers and dung beetles. Most importantly, those dung beetles, camp followers and parasites must thrive as well. There cannot be a pile of poison at the end of the line which no-one can touch, be accountable for or live with.

    That is the condition of entry into the circular economy.

    So, the tools of survival?

    Small business has a head start.

    It is a member of its community. Its stakeholders are generally its staff and customers. If remote financial markets are stakeholders then it is not, for the purposes of this treatise, a small business. Using those stakeholders to build a community network allows the business owner to go beyond profit. Instead of measuring success by how much money you can siphon from the business, start measuring how much good will you have built in your community. It is that good will that will see you through the next depression.

    The Koch brothers built a fossil fuel empire that has funded the conservative political movement in the US on the basis that Good Profit is generated by harnessing the goodwill of stakeholders, not by extracting money from them. While I have differences of opinion with them on what constitutes the moral good, I have no disagreement on the application of a moral framework to business. It is essential.

    Building a community network is the way to amplify the influence and reach of your business and the perceived value of your brand. Build your community and they will help you build the business, regardless what happens in the macro-economic and geo-political climate.

    Secondly, there are a range of very simple management tools that allow you to differentiate between building a sustainable business and participating in the illusion of continuous economic growth.

    Some of them are simple, ancient adages. Cash is king, neither a lender nor a borrower be, a stitch in time saves nine.

    Behind each of these straightforward observations are centuries of wisdom. By applying the management tools that flow from these simple pearls, you can avoid the crippling bondage of debt, disposable income, built in obsolescence and churn.

    You can build a sustainable business that embeds your contribution to the community in the value that you provide to the community. This is the ultimate contribution to the world you live in, and unlike your bank balance, you can take it with you.

    Think about it.

    It is a truly great notion.

  • The Small Business advantage

    Globalisation, online competition, energy prices, low economic growth: we are all aware of the challenges.

    Small business has a natural advantage, however. We are embedded in our community and have the opportunity to build and reinforce our networks of stake holders.

    Great Notion, Griffith University and the Circular Economy Labs have put together a networking opportunity and lunch at Soutbank during Small Business Week to discuss the role of small business in the circular economy.

    Come to the Executive Boardroom on the 7th floor of QCA at 226 Grey St for a two hour session starting at 10am on Thursday 30th May. Thrive in the circular economy will give small business the chance to discuss the opportunities with the Queensland Government, the Circular Economy Labs and local practitioners. 

    Hosted by Great Notion and Griffith University, this is a unique opportunity to talk to the practitioners and the people who are testing the business models and training the practitioners.

    Register now

    #circulareconomy #stablestate #neweconomy