The Care Economy
Updated: Jan 25
Mustardseed Trust aims to build an economy of care which is build on partnerships and regeneration.
In a care economy, we are able to care for oneself, the community and for the ecosystem in a balanced and measurable way.
In a care economy we have seen a shift from growth, debt-based, entropic economic systems managed by large, centralised institutions, to a regenerative network of decentralised, transparent, and mutually sustaining economies in services of humanity to live in dignity.
The care economy supports markets that fully respect and account for ecosystem function. It also mutually respects and accounts for all types of labour and caring activities.
It encourages a transition from access to capital for the few to access to essential capital for all. It transforms closed systems of knowledge to transparent systems of shared knowledge and wisdom, offering the healthiest, most sustainable option for the planet and for society.
Mustardseed considers the care economy coming into being by achieving these outcomes:
1. People that care for the earth
2. Nature is nurtured as a source of wealth
3. Livelihoods (incomes and profits) are generated to enable well-being.
The characteristics of care economies include systems of production, resource allocation and distribution of goods and services that:
1. ensure that everyone can live decently and reach their full potential
2. enable collaboration and partnerships based on the values of dignity, fairness and compassion for all rather than competition, domination and growth for maximum profits,
3. promote sustainability rather than growth for its own sake,
4. has compassion at every level in caring for ourselves, our families, our communities and our planet,
5. has systems that are regenerative and distributive rather than growth-based or debt-based,
6. ensures people have the capacity to understand and act responsibly (agency),
7. plans and decisions made reflect a visionary life orientation rather than a problem-solving life orientation,
8. has open systems of knowledge that is accessible to all,
9. has monetary systems that serve equality without going beyond the ecological ceiling.