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CREATE is a pathway for
First Nations businesses to lead the way for the good of Country
What is the Regenerative economy?*
Today's idea of the Regenerative Economy is lead by 8 principles. These principles closely reflect the traditional economies of First Nations people across the world. Every Indigenous Nation has a traditional economy: a way of gathering and sharing what was needed to live and thrive. These economies developed based on generations of learning from Country and each other, learning to care for everything that gave them life.
Traditional economies reflect an understanding that Country is a living being, and it is important to be in a good relationship with her, in order to receive the blessings of abundance. First Nations economies understand that it is critical to keep good relations and resource sharing among community members.
The modern principles of the Regenerative economy draws heavily from traditional Indigenous economies, with a focus on balance, and maintaining good relationships.
We can apply these principles to business and life, in an effort to care for Country, for the betterment of our future.
Traditional economies reflect an understanding that Country is a living being, and it is important to be in a good relationship with her, in order to receive the blessings of abundance. First Nations economies understand that it is critical to keep good relations and resource sharing among community members.
The modern principles of the Regenerative economy draws heavily from traditional Indigenous economies, with a focus on balance, and maintaining good relationships.
We can apply these principles to business and life, in an effort to care for Country, for the betterment of our future.
* taken from NDNCOLLECTIVE.ORG "Indigenous Regenerative Economic Principles
Principles of the Regenerative Economy
The 8 Principles Explained
1. Seeks Balance: A Regenerative Economy seeks to balance: efficiency and resilience; collaboration and competition; diversity and coherence; and small, medium, and large organizations all working together.
2. In Right Relationship: This is the idea that we are all connected to one another and to all locations on our planet. Damage to any part it will ripple back to harm every other part as well.
3. Views Wealth Holistically: The whole is only as strong as the weakest link. Wealth is not just money in the bank. It is about the well-being of the whole, achieved through multiple kinds of wealth including social, cultural, living, and experiential.
4. Innovative, Adaptive, Responsive: In a world in which change is both ever-present and accelerating, the qualities of innovation and adaptability are critical to health.
5. Empowered Participation: A strong economy comes from all parts being “in relationship” with the larger whole in ways that not only empower them to negotiate for their own needs but also enable them to add their unique contribution towards the health and well-being of the larger wholes in which they are embedded.
6. Honors Community and Place: Each human community consists of a mosaic of peoples, traditions, beliefs, and institutions uniquely shaped by long-term pressures of geography, human history, culture, local environment, and changing human needs. Honoring this fact, a Regenerative Economy nurtures healthy and resilient communities and regions, each one uniquely informed by the essence of its individual history and place.
7. Edge Effect Abundance: Creativity and abundance flourish together at the “edges” of systems, where the bonds holding the dominant pattern in place are weakest. For example, there is an abundance of interdependent life in salt marshes where a river meets the ocean. At those edges the opportunities for innovation and cross-fertilization are the greatest. Working collaboratively across edges – with ongoing learning and development sourced from the diversity that exists there – is transformative for both the communities where the exchanges are happening, and for the individuals involved.
8. Robust Circulatory Flow: Just as human health depends on the robust circulation of oxygen, nutrients, etc., so too does economic health depend on robust flows of money, information, resources, and goods and services to support exchange, flush toxins, and nourish every cell at every level of our human networks. The circulation of money and information and the efficient use and reuse of materials are particularly critical to individuals, businesses, and economies reaching their regenerative potential.
Source: https://capitalinstitute.org/8-principles-regenerative-economy/
2. In Right Relationship: This is the idea that we are all connected to one another and to all locations on our planet. Damage to any part it will ripple back to harm every other part as well.
3. Views Wealth Holistically: The whole is only as strong as the weakest link. Wealth is not just money in the bank. It is about the well-being of the whole, achieved through multiple kinds of wealth including social, cultural, living, and experiential.
4. Innovative, Adaptive, Responsive: In a world in which change is both ever-present and accelerating, the qualities of innovation and adaptability are critical to health.
5. Empowered Participation: A strong economy comes from all parts being “in relationship” with the larger whole in ways that not only empower them to negotiate for their own needs but also enable them to add their unique contribution towards the health and well-being of the larger wholes in which they are embedded.
6. Honors Community and Place: Each human community consists of a mosaic of peoples, traditions, beliefs, and institutions uniquely shaped by long-term pressures of geography, human history, culture, local environment, and changing human needs. Honoring this fact, a Regenerative Economy nurtures healthy and resilient communities and regions, each one uniquely informed by the essence of its individual history and place.
7. Edge Effect Abundance: Creativity and abundance flourish together at the “edges” of systems, where the bonds holding the dominant pattern in place are weakest. For example, there is an abundance of interdependent life in salt marshes where a river meets the ocean. At those edges the opportunities for innovation and cross-fertilization are the greatest. Working collaboratively across edges – with ongoing learning and development sourced from the diversity that exists there – is transformative for both the communities where the exchanges are happening, and for the individuals involved.
8. Robust Circulatory Flow: Just as human health depends on the robust circulation of oxygen, nutrients, etc., so too does economic health depend on robust flows of money, information, resources, and goods and services to support exchange, flush toxins, and nourish every cell at every level of our human networks. The circulation of money and information and the efficient use and reuse of materials are particularly critical to individuals, businesses, and economies reaching their regenerative potential.
Source: https://capitalinstitute.org/8-principles-regenerative-economy/
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