Our Future Economic Model

As I continue reflecting on the “future of economics,” I see it as the most obvious solution to the climate crisis. Previously, I shared a concept I called “A Simple Formula for Avoiding Climate Disaster: Clean Air, Oceans, Soil, and Sustainable Systems.” This idea emphasizes the urgent need to redesign how we produce, distribute, and consume. I’ve often said, “We’re going to redesign everything,” and by everything, I truly mean everything.

That said, one thing is clear: none of this will be possible unless we reconsider the future of economics in a meaningful, deep, and grounded way. None of our current economic models or systems are truly sustainable.

Now, don’t get me wrong—there are plenty of interesting ideas out there. But if I’m being honest, I don’t believe any of them represent a viable way forward for all of us. Many are misguided, benefiting only a select few, or they come with implications and results that simply aren’t justifiable. None of these systems—whether it’s socialism, barter economies, or otherwise—are equitable, fair, or sustainable enough to address the challenges we face.

For my part, I believe capitalism is still the best model we have. However, even capitalism has become outdated—a system that, at this point, is undeniably a source of many of our problems. While I would still label myself a capitalist, I must admit this model has reached its peak. So the question becomes: What’s next? What’s the evolution?

I have some thoughts about what this might look like. Perhaps it’s a system we’ve never attempted before, or maybe it’s a return to something humans once practiced long ago. I’m still exploring this, giving it thought and conducting research. But one thing is clear: without equitable, fair, and responsible finance, we’re headed for trouble. The math simply doesn’t add up in a world increasingly shaped by artificial intelligence.

Now, before anyone gets frantic, anxious, or confused, calm down. When I say we’re in trouble, I don’t mean it’s the end of humanity. What I’m saying is this: we can’t wait until we’re in the dark to change the batteries in our flashlight. Let’s change the batteries in our economic system now because the ones we’re using will not work in the future.

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