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CAPITAL / STATE
Accounting for ALL the Capitals
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SOCIAL IMPACT / SOCIAL CAPITAL
Determined by INDIVIDUAL and FAMILY and FRIENDS ... also by PLACE and POLICY
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HUMAN CAPITAL
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RELATIONSHIP CAPITAL
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LOCATIONAL CAPITAL
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Young Child
The basis for everything important ...
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Grown Adult
... and enabling a positive contribution.
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Family
The family an important part of the social structure
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Community
... as well as good friends and community.
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Place
Everything comes together in a place
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Products
Goods and services accessible and affordable
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There has been progress in the past 200 years ... but still far too many people left behind, and not being addressed
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ENVIRONMENTAL IMPACT / NATURAL CAPITAL
Social and Economic Progress linked to Massive Degradation of Natural Capital
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LAND
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WATER
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AIR
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RESOURCES
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BIODIVERSITY
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ECOSYSTEMS
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Nature has been exploited, depleted and degraded to improve quality of life ... but this is NOT sustainable.
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FINANCIAL IMPACT / ECONOMIC CAPITAL
Economic performance linked to massive depletion and degradation of Natural Capital
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FINANCIAL CAPITAL
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PHYSICAL CAPITAL
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INTANGIBLE CAPITAL
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Huge expansion of financial wealth, but excessivly concentrated. Amazing innovation mainly to improve profit performance.
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SOCIAL CAPITAL / QUALITY OF LIFE
... m
Determined in part by the INDIVIDUAL and FAMILY and FRIENDS
Determined in part by PLACE: Access to goods and services ... and community
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An Individual
A better quality of life for everyone
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The Family
The family an important part of the social structure
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The Community
Good friends and community positive for quality of life
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The Place
Everything comes together in a place ... or doesn't
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Nature
The environment really matters ... for health and sustainability
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The Economy
The dignity of work, and source of everything to enable the good life
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NATURAL CAPITAL / ENVIRONMENT
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Social and Economic Progress has been achieved by the depletion and degradation of Natural Capital
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LAND
Natural
Essential habitat for all sorts of living organizms
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LAND
Agricultural
Huge land areas now used for agriculture
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LAND
Built up
Much land now built over with various types of economic development
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FRESH
AIR
Fresh air is very good for human health and longevity
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FRESH
WATER
Without water there is no life, and now becoming increasingly scarce
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OCEAN
WATER
A huge energy sink, and where all the world's garbage accumulates
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MINERAL RESOURCES
The raw materials for most of the useful products we use every day
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FOSSIL
FUELS
The sources of power that made the industrial revolution possible
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CLIMATE
SYSTEMS
The essential mechanisms that have kept the climate stable until now
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ECOLOGICAL SYSTEMS
The many mechanisms that serve to recycle everything in nature
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BIODIVERSITY - FAUNA
Animals, birds, fish, reptiles, insects and other life forms
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BIODIVERSITY - FLORA
Millions of species of plants that occupy a complex ecosystem
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The ECONOMY: FINANCIAL CAPITAL
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Investors have done very well
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Stock market has been spectacular
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But Genuine Progress Indicator not so good
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THE FINANCIAL ECONOMY
The financial economy has grown robustly since the 1980s. Much of this growth has come from the concentration of economic power by both individuals and corporate organizations at the expense of everyone else.
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The ECONOMY: PHYSICAL CAPITAL
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Modern city skyscapes are impressive
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Quite good buildings, but poor communities
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Buildings
Many modern buildings cater to the financial sector. Major industrial buildings have located in low wage low regulation countries. Housing optimizes for financial performance much more than social performance.
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Bridges are essential for transport networks
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Rail is very important for goods and passengers
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Infrastructure
A complete complex infrastructure is essential for a modern economy. Well developed economies have these infrastructures, while less developed economies do not. Degradation of infrastructure will most likely result in a degradation of the economy as a whole.
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Steel - very efficient but energy intensive
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Petro-chemicals - not good for the environment
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Cement - huge energy in the product
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Industrial Processes
A complete complex infrastructure is essential for a modern economy. Well developed economies have these infrastructures, while less developed economies do not. Degradation of infrastructure will most likely result in a degradation of the economy as a whole.
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Container shipping makes modern trade possible
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Huge quantities of freight travel by rail
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Mining has very specialized vehicles
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Transport
Transport systems have been transformed over the past several decades and makes modern trade possible and profitable
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Massive amount of inventory, few workers
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Inventory
Working capital is still vital to an efficient economic system, but major progress in systems like 'just-in-time' scheduling and e-commerce has changed everything, and there are no indications that the disruption is at an end.
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The ECONOMY: INTANGIBLE CAPITAL
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Einstein ... an individual that changed the world
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Education needs to be about sharing knowledge
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Knowledge Capital
Knowledge is a foundational resource for modern progress, but there are issues about how it should be managed. One view is that knowledge should be owned by a proprieter and another view is that knowledge is most useful when it is accessible by everyone
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Governance, rule of law, system of justics
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Enterprise ecosystem of many organizations
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Institutional Capital
Institutions complement the individual in important and complex ways. The difficulties associated with the conflicts between the goals of an individual and the needs of a society are well documented through the ages. The Greeks articulated the idea of 'Demos' which survives in a very different form in modern democracy.
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Danse celebrates beauty and the human spirit
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Enterprise ecosystem of many organizations
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Cultural Capital
Dance, music, art, tradition, ... all sorts of good things that make life worth living.
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Religion has been a huge influence on the world
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Religion / Spiritual Capital
Religion has been a central part of society for thousands of years. Religion has been a great power for good, and also has been used in a variety of evil ways. The decline of religion and associated codes of behavior is a social destabilization that is of concern as are the connections between religious ideologies, social media and extreme violence
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