 If humanity is to live within the doughnut, we need to transform the dynamics of the global economy with two profound transformations. First, we have inherited linear degenerative industrial systems. We take earth materials, stick them in the pipe of production, use it for a while, and then we throw it away. And this take, make, use, lose is pushing us over planetary boundaries and running down the living world. We need to turn that linear degenerative system into a circular or cyclical regenerative one, so that resources aren't used up, they're used again and again, far more carefully, collectively, slowly, and creatively, so that we regenerate and repair the degradation of the living world. At the same time, let's recognize that we've also inherited systems that tend to be deeply divisive by design, whether through regulation, through privilege, through infrastructure, and inheritance. We have systems that tend to drive value and opportunity into the hands of a few, resulting in the rise of a 1%. We need to turn these divisive economic systems into far more distributive ones, so that value and opportunity are shared far more equitably with all who co-created. That turns out to be the whole of society. So, from degenerative to regenerative, from divisive to distributive, these are the dynamics of our economies that we must transform.