Re-embedding the economy in nature and society: Seven theses on the socio-ecological reorientation of the economy in times of Covid-19 and the climate crisis

This paper reflects on the links between the current COVID-19-crisis and the climate and biodiversity crises. It argues that the present pandemic and nonsustainable development on a global scale have similar roots: from ignoring natural boundaries to denying scientific facts, from over-globalisation to a one-sided economic understanding of public services, from a systematic undervaluation of caring activities to consumerism and growth-fetishism. As result our societies became less resilient and more vulnerable over the last decades. Various policy proposals to overcome these undesirable developments are presented in the paper, including selective de-globalisation, regionalization, circular economy, global fairness, the strengthening of public goods and a strategy of democracydriven "glocalisation".