Why We Need to Rethink the "Technical" Circular Economy

The study explores the limitations and potential of the circular economy, arguing for its evolution to address broader social and ethical dimensions.

The authors critique the traditional focus on resource efficiency and economic impacts, noting that this narrow perspective neglects crucial social issues such as inequality and fair accessibility. The COVID-19 pandemic highlighted systemic weaknesses in the current linear economy, emphasizing the need for resilient and inclusive solutions. The circular economy, which prioritizes reducing waste, keeping materials in use, and regenerating natural systems, is presented as a foundation for achieving ecological sustainability and social equity.

Some of the key findings include the critical need to redefine prosperity, shifting away from GDP growth as the sole measure of success. Instead, the study advocates for metrics that encompass community well-being, environmental health, and equitable access to resources. It also stresses the importance of reintegrating human systems with nature by adopting practices that mimic natural ecosystems and promote sustainability. Furthermore, the study calls for rebalancing local and global dynamics to reduce reliance on fragile supply chains and strengthen local resilience.

The study concludes that while the circular economy offers a promising framework, it must integrate ethical considerations, such as fair labor practices and social justice, to ensure its benefits are shared equitably. By addressing these blind spots, the circular economy can transform into a holistic model that aligns with environmental and social goals.