TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2024-04-20 Page is: DBtxt003.php L070-CS-CAPITAL-STATE

CAPITAL / STATE
Accounting for ALL the Capitals

SOCIAL IMPACT / SOCIAL CAPITAL
Determined by INDIVIDUAL and FAMILY and FRIENDS ... also by PLACE and POLICY

HUMAN CAPITAL		RELATIONSHIP CAPITAL		LOCATIONAL CAPITAL
Young Child The basis for everything important ...	Grown Adult ... and enabling a positive contribution.	Family The family an important part of the social structure	Community ... as well as good friends and community.	Place Everything comes together in a place	Products Goods and services accessible and affordable
There has been progress in the past 200 years ... but still far too many people left behind, and not being addressed

ENVIRONMENTAL IMPACT / NATURAL CAPITAL Social and Economic Progress linked to Massive Degradation of Natural Capital
LAND	WATER	AIR	RESOURCES	BIODIVERSITY	ECOSYSTEMS
Nature has been exploited, depleted and degraded to improve quality of life ... but this is NOT sustainable.

FINANCIAL IMPACT / ECONOMIC CAPITAL Economic performance linked to massive depletion and degradation of Natural Capital
FINANCIAL CAPITAL	PHYSICAL CAPITAL	INTANGIBLE CAPITAL

Huge expansion of financial wealth, but excessivly concentrated. Amazing innovation mainly to improve profit performance.

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
An Individual A better quality of life for everyone ... more	The Family The family an important part of the social structure	The Community Good friends and community positive for quality of life	The Place Everything comes together in a place ... or doesn't ... more	Nature The environment really matters ... for health and sustainability ... m	The Economy The dignity of work, and source of everything to enable the good life ... m

HAPPINESS ... m	Housing ... more	Material goods ... m	Opportunities ... m	Preparation ... m	Employment ... more	Income ... more	Wealth ... more
	Good health ... more	Family ... more	Community ... more	Stress ... more	Longevity ... more
PLACE ... more	Clean air ... more	Clean water ... more	Good Food ... more	Energy ... more	Health service ... m	Education ... more	Transport ... more
	Safety ... more	Religion ... more	Recreation ... more	Culture ... more	Community ... more

NATURAL CAPITAL / ENVIRONMENT ... m Social and Economic Progress has been achieved by the depletion and degradation of Natural Capital
LAND Natural Essential habitat for all sorts of living organizms ... more	LAND Agricultural Huge land areas now used for agriculture	LAND Built up Much land now built over with various types of economic development	FRESH AIR Fresh air is very good for human health and longevity ... more	FRESH WATER Without water there is no life, and now becoming increasingly scarce ... m	OCEAN WATER A huge energy sink, and where all the world's garbage accumulates ... m
MINERAL RESOURCES The raw materials for most of the useful products we use every day ... m	FOSSIL FUELS The sources of power that made the industrial revolution possible ... m	CLIMATE SYSTEMS The essential mechanisms that have kept the climate stable until now ... m	ECOLOGICAL SYSTEMS The many mechanisms that serve to recycle everything in nature ... m	BIODIVERSITY - FAUNA Animals, birds, fish, reptiles, insects and other life forms ... m	BIODIVERSITY - FLORA Millions of species of plants that occupy a complex ecosystem ... m

The ECONOMY: FINANCIAL CAPITAL

Investors have done very well

Stock market has been spectacular

But Genuine Progress Indicator not so good

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.

The ECONOMY: PHYSICAL CAPITAL

Modern city skyscapes are impressive	Quite good buildings, but poor communities	New York City	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.
Bridges are essential for transport networks	Rail is very important for goods and passengers		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.
Steel - very efficient but energy intensive	Petro-chemicals - not good for the environment	Cement - huge energy in the product	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.
Roads	Passenger car	Passenger bus	Transport ... Road Transport systems have been transformed over the past several decades and make modern mobility the norm. However, there is excessive congestion in a lot of places and not enough being done to mitigate the problem.
Overland freight rail		Passenger rail	Transport ... Rail Rail transport was foundational for modern industrialization, both freight and passenger.
Container shipping makes modern trade possible			Transport ... Sea There is air transport for both passengers and freight.
Medium size plane	Jumbo jet plane		Transport ... Air There is air transport for both passengers and freight.
Mining has very specialized vehicles			Transport ... Special purpose industrial vehicles Cargo ships have become very efficient. They have been transformed over the past several decades and makes modern global trade possible and cost effective
Grain elevators	Amazon warehouse	In-Transit Inventory	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, but there are no indications that the disruption is at an end.

The ECONOMY: INTANGIBLE CAPITAL

Einstein	Cambridge University	Sidney Sussex College	Knowledge Capital Knowledge is foundational for 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.
US Capital	Heads of State	Canadian parliament	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.
Dance	Art	Music	Cultural Capital Dance, art, music, tradition, ... all sorts of good things that make life worth living.
Christianity	Islam	Bhudism	Religion / Spiritual Capital Religion has been a central part of society for thousands of years. The decline of religion and associated codes of behavior has enabled social destabilization

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