Better Not Bigger, Circular Not Linear - How the Global Economy Is Changing

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 31 July 2019

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How a less energy intensive and more regenerative economy will allow the developing the world to advance without breaching ecological boundaries.

In this episode you’ll learn:

What is the difference between circular and linear supply chains.
What is doughnut economics?
What are adaptive preferences and how they led David to trade in a BMW 650i for a Toyota Prius.
How electric vehicles and the proliferation of solar panels are leading to a less energy-intensive economy.
How the reduction of litter is an example of changing culture.

Thanks to NetSuite and Dashlane for sponsoring the episode.

For show notes and more information on this episode click here.

[0:20] Creating a global economy that is better—not bigger.
[3:18] A circular economy is better than a linear one.
[6:20] The growth constraints of a circular economy.
[9:08] Being wise in our aspirations.
[12:55] David’s Tesla experience changed his perspective on investments.
[14:52] The power of energy transitions.
[18:02] Making more economical choices concerning energy transitions.
[20:04] How are we judging our well-being?
[23:07] Redefining what we consider beautiful.
[24:17] Making a better global economy begins with you.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Money for the rest of us. This is a personal finance show on money, how it works, how to invest it and how to live without worrying about it.
0:10.0	I'm your host David Stein today's episode 262. It's titled Better, Not Bigger,
0:18.0	Circular, not linear. What am I talking about? What we're talking about how the global economy and our personal economy is evolving,
0:31.0	where everything doesn't have to be about growth in terms of getting bigger, nor does everything
0:37.3	have to be sort of this upward straight line.
0:41.8	I thought about this as I read Paul Jarvis's book, Company of One,
0:46.0	Why Staying Small is the next big thing for business.
0:50.0	And he was talking about One Person business, something like I run.
0:55.0	He mentioned that he lives in British Columbia on the coast,
1:01.0	and he surfs every day. He was out surfing with his accountant and his
1:05.4	accountant said I'm stoked I just about made enough to take the rest of the year
1:11.0	off to go rock climbing. The year's only eight months in and he says he's done. He's made it all.
1:18.0	Jarvis was sort of shocked by this. Wasn't sure quite what he meant.
1:22.0	And the accountant explained that he had
1:24.2	calculated what he needed how much profit did he need in order to cover his
1:28.8	cost of living and to put a decent amount away for savings and once he reached that point he felt he had enough.
1:37.0	He didn't want to grow to be a bigger company to open up offices, hire more employees.
1:43.7	Jarvis says his focus in his business was being better, not growing bigger.
1:51.8	This idea of continuing to grow bigger and I saw this as an investment advisor.
1:57.0	We wanted to make our investment firm bigger over time so everyone can make more money we can give out
2:04.5	bigger raises but there's a way to grow bigger without necessarily growing revenue
2:12.2	selling more stuff.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from J. David Stein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of J. David Stein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.