Using reward points as money
One economy, two currencies: one for us mortals (consumers/employees), one for going concerns (business entities).
Our current economic systems do not provide the motivation to incorporate elements of the Doughnut economics framework. Separation of currencies not only provides that motivation, but also looks at reducing the extremes of our current economic systems. It also provides some sort of income protection for times when automation is involved across our economies on a grand scale.
Transactions including share trading and ownership, wages and social benefits, retail and wholesale spends or purchases, taxation or land valuation can be structured to ensure issues raised by Doughnut Economic framework are looked at. The switch to this dual currency system can be managed just like how European countries managed the switch to a unified currency.
This system lets us incorporate elements of the Doughnut economic framework twice - once when people are allocated reward points (e.g. social issues), once when business entities are reimbursed for their work (e.g. climate issues), thereby addressing the contributer of the relevant issue.
The concept is provided below:
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Melanie Graddon
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Tom Owen-Smith
Lambeth, London Borough of Lambeth, England, United Kingdom
Doughnut Economics is an inspirational text, and I am keen to be part of building it out to change our economy and society. I am the Sustainability lead at SUMS Consulting – we are a not-for-profit membership organisation providing consultancy services to the university sector, mostly in the UK. One aim is to make universities run sustainably and in harmony with their place. Universities are also at the centre of knowledge production and can make big contributions to the paradigm shift through their research, education and ability to bring people together. I hope to learn from this community and share ideas for change – both for my work and for living my own life.
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Bruce Hey
Baardskeerdersbos, Western Cape, South Africa
I am an author who previously worked in the oil and gas industry and am now a sustainability activist. My first two books focus on the oil, gas and process industries where I outline what is required to enhance the performance of the managed assets. The second book dives into the management of turnarounds which is crucial for the long term success of the company. My third book explores the long term survival of businesses where they have to refocus on renewables to achieve net zero emissions by 2050. My overall focus is on the long term sustainability of businesses. The realignment of fossil fuel companies to become sustainable, using new technologies and ideas, is of particular interest to me. The phasing out of fossil fuels needs careful consideration to minimize the social and environmental impacts while ensuring an economically viable transition to net zero emissions.
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Amy Burnett
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Itumeleng Mahabane
Johannesburg, Gauteng, South Africa
I collaborate with people who want to reconstruct our political economies and create collaborative, regenerative and people-centred societies. I am working on several initiatives to reimagine political and economic formation.
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Bruno Fleur
Vullierens, Vaud, Suisse
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Ash George
Sydney, New South Wales, Australia
I've always believed the current systems lack the motivations to deal with a framework such as the Doughnut economics. I'm open to look at new ways to look at the ways business and economics is undertaken, integrating Doughnut economic framework as we look at alternatives
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Amanda Faulkner
Harrogate, England, United Kingdom
