Green Options

2008 - what a year! As we get ready to draw the curtains on one of the most unsettling economic years in history, we the writers of the Inspired Economist are still wondering… was this year one that has left our battered economy begging for inspiration? Or have the sustainable events of 2008 spearheaded the initiation of what we believe is truly an Inspired Economy?

2008 was about the $700 billion bailout. Foreclosures. The plummeting stock market. As the year came [...]

As the G20 leaders gather in Washington for what has been dubbed “Bretton Woods II”, here’s a brief list of the economic opportunities they need to discuss:

The World’s population is estimated at 6.7 billion:

• of this, 15% live in slums and are permanently hungry
• yet the USA, the EU, the UK, Russia, China, India and Brazil have all reported bumper harvests this year

The World’s GDP is estimated at $55.5tr per annum:

• of this 85% is consumed by 20% of the population
• while 45% of the population live on around $900 per annum
  
• and 0.0001% of the population have a combined wealth of over $10tr

In the USA, in the ten years to 2006:

• employment stayed at around 72%
• while average earnings rose 45% from $37,000 to $54,000
• and the average real income of the poorest 20% of households fell

In other words, the global economy is fixed in a spiral where prosperity is hoarded by those who already have and isn’t shared with those who already have not. Social mobility is non-existent.