SUMMATIVE ASSIGNMENT

Preamble:

Polman & Winston (2021) argue that "climate change is the greatest market failure in history. Inequality is a close second" Political procrastination (

Maic Vous Cfcte dngales, 2011) and Instutonal grato" (Hale e1ai.

2014), have hampered all attempts to tackle interconnected existential crises and injustices (global warming, biodiversity loss, inequality, poverty, pandemics, food, water and data insecurity, terrorism, etc.) Any hope that achieving the UN SDGs by 2030 will avert these crises has all but evaporated Like Polanyi

(1944), Chomsky & Pollin (2020) contend that "market-driven proposals to tackle these crises are doomed to failure." Elkington (2018) concludes that "de spite all the sustainability frameworks, none of them will be enough" without "ra dical intent to transform capitalism. He recalled his triple bottom line (TBL) due to its failure to catalyse this. Kay (1997) and Mazzucato (2022) respectively agree that capitalism has become "deformed" and "dysfunctional", which Fleming & Jones (2013) attribute to "pathologies" of neoliberalism.

Raworth (2018:70) concurs that "the neoliberal script has taken us to the brink

anarative of our shared conomile flture that is fi for the 21st contur story,

Jacobs & Mazzucato 2016) emphasise that failures in theory and policy are related: Although the Eu is implementing various policy initiatives supporting green and inclusive growth, eg. the European Green Deal, these are largely "mar ket failure approaches" (Singer, 2018) that leave existing theories and structures intact such that the neoliberal growth paradigm is unlikely ta change. The British Academy (2018) concludes that the "Friedman Doctrine" the dominant neoliberal theory, is "no longer tenable"

Lass ot busin ess Bducation and practie arotnd he word Mazucato (2022)

argues that the SDGs will only be achieved by adoption of alternate theories and complete structural transformation