Sustainable Economic Systems by Póciennik Sebatian

Introduction

The first decade of the twenty-first century witnessed the strong impression that the global economy
had become a sphere of extreme uncertainty and risk.

Explanation:

During the early 2000s, the world saw a time of serious doubt and risk in the global economy.
The crisis appear in 2007 wasn't like typical economic ups and downs; it was a major breakdown
that made us question how we usually create well-being in society. It was so significant that it
challenged the very basics of how we usually handle these kinds of problems.

Ulrich Beck

Explanation:

There were many signs of problems during that time. Financial markets were falling apart, more
People were unemployed, the gap between rich and poor got wider, middle class was shrinking,
and everyone owed a lot of money. Also, governments couldn't make changes happen like they
wanted to. On top of that, we faced bigger challenges like climate change and not having
enough resources for new technology and growth. This was all predicted years ago by a german
sociologist named Ulrich Beck who came up with the term 'risk society.'

The inability of modern societies to produce enough stability and sustainability.

Explanation:

These two elements have been kind of messy and not very efficient. But the interesting part is
that people all over the world are now talking about how to fix these past problems in our
economic system.

split into two parts:

Explanation:

the first part talks about what happened before the last crisis, and the second part looks at the
important areas we need to change to create a newer, safer, and more responsible form of
capitalism.