Ekta White Paper
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The problem
In the world, as we know it, the basic flow of capital from one half of the equation to the other is inefficient and littered with inequalities. Outdated economic policies from corporations, financial institutions, and governments have negatively impacted both our natural world and society at large, contributing to the mismanagement and depletion of natural resources as well as the rise of unemployment, debt, and poverty among blue-collar and white-collar workers alike.
Starting with society, these events often lead to what is known as a mindset of scarcity among the working class. Research has shown that this phenomenon, where individuals experience a mental shift due to a lack of resources, results in the restriction of cognitive capacity and is comparable to losing as much as 13 IQ points.
Today, it is estimated that 27.8 million people are living in poverty in Southeast Asia alone. Despite the fact that education programs and school attendance are improving, most people still work 14 to 16 hours per day. This imbalance results in a society that is constantly under stress, and leaves little opportunity for entrepreneurial growth.
At the same time, we are collectively faced with the issue of how natural resources are being valued and utilized. Natural capital, the world’s stock in natural resources, is often treated as inexhaustible and is therefore easily mishandled. However, given the issues that the majority of society is experiencing, it’s no wonder that there is not enough attention being paid to issues our natural world is facing. So, how do we effectively balance both of these socio-economic and environmental challenges?
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