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Meaningful Metrics for a Smart Society
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Date: 2021-01-15 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.
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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
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
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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
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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
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.

Container shipping makes modern trade possible

Huge quantities of freight travel by rail

Mining has very specialized vehicles
Transport
Transport systems have been transformed over the past several decades and makes modern trade possible and profitable

Massive amount of inventory, few workers

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.
The ECONOMY: INTANGIBLE CAPITAL

Einstein ... an individual that changed the world

Education needs to be about sharing knowledge
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

Governance, rule of law, system of justics

Enterprise ecosystem of many organizations

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.

Danse celebrates beauty and the human spirit

Enterprise ecosystem of many organizations

Cultural Capital
Dance, music, art, tradition, ... all sorts of good things that make life worth living.

Religion has been a huge influence on the world


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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