Cybernetics, design and regenerative economics

With unbridled exponential economic growth, earth systems and social systems are headed for catastrophic meltdown. Meanwhile, much of humanity is highly dependent on current institutions. Second-order cybernetics can help society come to grips with the enormous demand of adapting existing institutions for a regenerative economy. While the current trajectory of increasing consumption and rapid ecological decay will lead to collapse, the progress achieved by civilization can be vindicated by large-scale investment in regenerating natural capital assets, developing open-source technologies for the public good, and rebuilding local agricultural economies dedicated to health and well-being. It is recommended that regenerative practices are supported by academic institutions centered on place-based service-learning. A regenerative economy, in contrast to a growth economy, is part of the pursuit of the long-term establishment of a steady-state economy. This vision does not limit the possibility that humanity will make outstanding technological progress, explore space or merge with artificial intelligence ‐ but argues that appreciating the nature’s technology provided to humanity through eons evolution, and avoiding short-term self-destruction should be priorities.