Introduction: The Abundance Economy
This is a partial draft of the Abundance Economy book. The book is expected to be released by the end of 2023.
Suppose you’re in a system that evolved over thousands of years. A system that creates opulence out of scarcity and efficiently uses limited resources. It allows millions of people to coordinate their economic activity, and promotes productivity, innovation and enterprise. It is by no means a perfect system but it is the most powerful and effective coordination mechanism on the planet. And then, over a very short time period, the system begins to show cracks. Crises are emerging in different parts of the system. These crises build and compound on each other.
When you look for the causes for these crises you discover that they are not external to the system. Rather, they are produced by the system’s own workings. What's more, they didn’t result from the system failing, but from the system working as intended. As the crises grow they begin to threaten the very existence of the system and of the society you live in.
The system in question is our current economic paradigm. If the crises are intrinsic to our system, the question then is what can we do about it? How can we alter our current trajectory toward dystopia and put ourselves on a path to sustained growth and abundance?