Instead of paying the bill, let's redesign the economy that keeps creating it
Failure demand: the true cost of an economy not built for people, place and planet, and what would it take to fix it?
Dr Katherine Trebeck is the Economic Change Lead at non-profit The Next Economy
Failure demand: the true cost of an economy not built for people, place and planet, and what would it take to fix it?
Banning gambling ads is a great example of something we don't see often enough: stopping harm before it happens, rather than spending to patch up the damage afterwards. As a result, we spend an enormous amount of time and public money focusing on fixing problems after the fact, but far less time asking: why do we permit, or even subsidise, the activities causing these problems in the first place?
Australia used to do fairly well in terms of predistribution (that is, for white, able-bodied males). But no longer; we've become an ‘assetocracy’ where access to assets tends to be what shapes folks’ life chances and life choices.
