Although many institutes across the global limit the students into the limitation of their course units in their ways of training; Kole Intellectual Forum on the hand, different in the ways they do their things, particularly on how the ways they train their students on to the diverse ways of "approaching life from another angle of economic viability". Which means they shift their training from the traditionally narrow focus on short-term financial profit and continuous material growth to a holistic, long-term perspective that values social equity, environmental health, and overall well-being. This approach redefines "viability" to include the sustained health of the communities and ecosystems that support the economy, not just the accumulation of capital.
Key angles and concepts of this alternative approach include:
1. The Three Pillars of Sustainability
This perspective integrates economic viability with social and environmental sustainability, moving beyond the idea that economic performance is the sole measure of success.
- Economic: Focuses on creating long-term, resilient financial systems that can adapt to change and operate without depleting essential resources.
- Environmental: Emphasizes operating within planetary boundaries, protecting natural capital (resources like clean water, forests, and biodiversity), and reducing pollution and waste.
- Social: Prioritizes social equity, health, quality of life, fair labor practices, and robust community support systems.
2. Redefining "Value" and "Capital"
This angle challenges traditional economics by recognizing that value extends beyond financial assets. It includes:
- Natural Capital: Acknowledging the fundamental role of natural resources in providing essential ecosystem services.
- Social Capital: Valuing the networks, trust, and shared values within a society that foster cooperation and resilience.
- Human Capital: Emphasizing the importance of health, education, and skills in a population as essential for a productive and adaptable workforce.
3. Shift from Growth to Flourishing
Instead of focusing solely on maximizing Gross Domestic Product (GDP), which often ignores environmental and social costs (externalities), this approach aims for a "good collective life" or overall human flourishing.
- Mindful Consumption: Individuals make conscious choices to buy less, choose quality over quantity, and support ethical businesses, which reduces demand for resource-intensive production.
- Circular Economy: This model focuses on designing products that can be made to be made again, reusing materials, and regenerating natural systems, rather than the traditional linear "take, make, dispose" model.