Tue. Jun 25th, 2024
A cooperative economy: a sustainable solution for an unstable system

During my time in lockdown isolation in northern Italy amidst the COVID-19 pandemic, I took a moment to reflect on the frameworks that I have been teaching MBA and executive students for many years. It became clear to me that in a world plagued by growing inequality, the dominance of a select few major platforms, ineffective economic policy, and the depletion of natural resources, our economic system was no longer adequate.

The impacts of the pandemic, along with social unrest and the exploitation of our planet, highlighted the flaws in our current economic framework. The system had allowed a small group of well-informed actors, such as Big Tech companies and their platforms, to manipulate it for their benefit while disregarding the well-being and prosperity of others. This realization led me to question how business school professors like myself could address these issues.

As I pondered the broken economic system and its consequences for society and the environment, I considered the need for a shift in thinking and action. It was clear that the current structures in place were unsustainable and harmful in the long run. It became apparent that changes were necessary to ensure a more equitable and sustainable future for all.

During this time of reflection, I began to explore alternative economic models that prioritize sustainability, equity, and social responsibility. I delved into research on circular economy principles, green finance practices, and community-based development models. As an educator, it was important for me to understand these concepts so that I could better guide my students towards creating positive change.

One concept that particularly resonated with me was regenerative agriculture. This approach emphasizes sustainable farming practices that not only protect natural resources but also enhance soil health and biodiversity. It struck me how this model could be applied not only to agriculture but also to other industries such as forestry or fisheries.

Furthermore, I realized that there is an urgent need for greater collaboration between businesses, governments, civil society organizations, academia

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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