Update: Building Circularity

Update: Building Circularity

Update: Building Circularity

The traditional economic model of take, make, use and throw away has created hugely negative environmental effects across the globe. Another age-old economic practice with negative environmental effects is planned obsolescence, by which products are produced to have a limited lifespan so that consumers will have to buy new replacements. But now, both practices are giving way to adherents of circularity. In the circular economy, the life cycle of products is extended beyond simply buying through sharing, leasing, reusing, repairing, refurbishing and recycling for as long as possible. This shift is one outcome of the dynamic by which society’s Dispersed Wealth Grand Narrative of more, bigger and better is in decline alongside the rise of the Next Grand Narrative – Repair and Enhance.

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