Cybernetics, design and regenerative economics

Abstract

With unbridled exponential economic growth, earth systems and social systems are headed for catastrophic meltdown. Meanwhile, much of humanity is highly dependent on current institutions. Second-order cybernetics can help society come to grips with the enormous demand of adapting existing institutions for a regenerative economy. While the current trajectory of increasing consumption and rapid ecological decay will lead to collapse, the progress achieved by civilization can be vindicated by large-scale investment in regenerating natural capital assets, developing open-source technologies for the public good, and rebuilding local agricultural economies dedicated to health and well-being. It is recommended that regenerative practices are supported by academic institutions centered on place-based service-learning. A regenerative economy, in contrast to a growth economy, is part of the pursuit of the long-term establishment of a steady-state economy. This vision does not limit the possibility that humanity will make outstanding technological progress, explore space or merge with artificial intelligence ‐ but argues that appreciating the nature’s technology provided to humanity through eons evolution, and avoiding short-term self-destruction should be priorities.