The Great Transition

towards a fair and green economy

The Great Transition

towards a fair and green economy

The Great Transition

The vision behind The Great Transition is focussed on quality and well-being, not on wanting more and more. In this vision human and ecological values ​​precede financial values; money is only a means. There is simply much more of value than money can express. That is why we choose an economy that remains within the limits of nature and that is not dependent on growth: a circular and regional economy, that does not rely on intractable world markets for the satisfaction of our basic needs. An economy in which knowledge, work and income are fairly shared. In short, we choose an economy at the service of women and men, young and old, not of money.

This requires active citizens who take their responsibility. Citizens who work together and make an effort for their surroundings. Citizens who also hold their politicians accountable. Citizens can take many initiatives but if politics-at-large does not cooperate, we will not escape social and ecological hardship. We need political leaders who reclaim power from the markets and limit the influence of (large) companies. Leaders who abandon the dogma of economic growth as an end in itself. Leaders who understand how the ecological crisis removes the ground from under our feet and who dare to tackle the crisis at its roots.

The Great Transition

The 10 points of the Great Transition:

1) Reduce large differences in purchasing power and wealth. Inequality is bad for our democracy, economy and the environment.

2) Aim for a 24-hour working week and examine the possibility of a basic income.

3) Invest on a large scale in a circular, regional economy for the coming 15 years.

4) Shift taxes on labour to taxes on scarce natural resources and harmful emissions.

5) Use a dashboard of indicators that properly measure our prosperity and abandon the one-sided focus on GDP growth.

6) Invest in the necessary energy transition and switch to 100 percent renewable energy within 20 years.

7) Stop “reversed development aid” and terminate the Dutch tax haven.

8) Place money creation under public governance and circulate it debt-free and interest-free.

9) Formulate requirements for a sustainable, inclusive and democratic Europe.

10) Rethink economics: put the “real world” back in the models, theories and classrooms.

Ivo Valkenburg

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