 TED-Ed: How do we create a better economy?

How do we create a better economy?

Can we call any economy "healthy" in the face of dwindling resources and growing inequality? What if we cut off our addiction to endless growth, and used a new compass for modern prosperity? One such compass is known as "doughnut economics," which aims to meet the needs of people without overshooting Earth's ecological limits. Explore how this model reframes our economic systems. [Directed by Vicente Nirō, AIM Creative Studios, narrated by Kate Raworth and George Zaidan, music by André Aires].

The idea that economies must grow endlessly has become deeply ingrained, but it comes at a cost to both people and the planet. GDP, invented in the 1930s as a single measure of national output, ignores unpaid care work, community value, and environmental costs. As climate emergency and ecosystem collapse escalate, a new model called 'doughnut economics' urges societies to meet everyone's needs without overshooting Earth's ecological boundaries. True prosperity relies on balance, not perpetual expansion.