Capitalism that I can believe in. From: Worldchanging Interview: Paul Hawken, WorldChanging Team, 25 Sep 09
Three years before the book came out, I had written an article called "Natural Capitalism," and coined the term. And what I was writing about was Natural Capital, and that was (coined) by E. F. Schumacher. And what he was trying to say, as an economist, was (take a) look at this form of capital -- living systems and ecosystems services, what we call resources. We don't put this on the balance sheet of the world. We count it as zero, until we cut it down, extract it, mine it, kill it. And then it has value. But before we do that, it has zero value. That's crazy. It has more value before we touch it.
So, then it goes to Herman Daly, and what Herman Daly was saying is that the limiting factor to human prosperity to the world wasn't human productivity, but the productivity of our resources because we are in a resource restrained world caused by our industrial systems taking so much, so often and for so long. Therefore, when you have an economy and you see what the limiting factors are to development, then you work on maximizing what is limiting. And what is limiting to us isn't people, we have lots of people, too many some may say.
… Basically we are using less and less of what we have more of, and with natural capital, using more and more of what we have less of. And we are using more of it (natural capital) to make people more productive, to use less people. So this is upside down and backwards, we should be using more and more people to use less and less natural capital.