The world’s current predominant economic system rewards the maximization of the firm, the individual, or the state, rather than the health of the whole. This has led to a vast increase in wealth but also the degeneration of the earth’s biodiversity and a dramatic increase in inequality. A regenerative economics, proposed by John Fullerton incentivizes and rewards actions that increase systemic health, and dis-incentivizes actions that lead to systemic degradation. Regenerative economics applies nature’s laws and patterns of systemic health, self-organization, and self-renewal to socio-economic systems, promoting equitable development and shared well-being while enhancing the capacity of ecosystems to thrive.
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