Topic 7:

Question 1

What is the concept that Kate Raworth rejects?

Answer 1

She rejects the concept of the endless economic growth.

Question 2

Why does Raworth rejects this idea?

Answer 2

1) Endless economic growth leads to overconsumption of resources. 2) It often prioritises profit over equal distribution of the resources.

Question 3

Tragedy of commons.

Answer 3

People with access to the public resources act in their own favour and ultimately use up or reduce the supply of public resources.

Question 4

How to solve the tragedy of commons?

Answer 4

1) Privatisation (restrict access). 2) Regulations (quota on how much you can use). 3) Social norms (proper evaluation)