Since the Industrial Revolution, linear economy is the dominant economic model that is used around the world. Its “take, make, use, and dispose” method of operations has drained the planet of its limited resources and caused unprecedented damages to the environment.
Technological progress and rapid population growth post World War II brought the world into an era of acceleration. Resource consumption not only exceeded the historical total up until that point in history, but it continued to grow. The demand for raw materials in 2015 was three times that of 1970. This has caused the health indexes of the earth’s ecology in the areas of climate change, biodiversity, and soil erosion to all light up in red alert.
To reverse the situation, we must transform towards a new economic model, a circular economy, instead of continuing to fix the current condition in a piecemeal fashion.