We use the idea of an iceberg economy to acknowledge the economic diversity that abounds in this world. The iceberg also allows us to explore interrelationships that cannot be cap-tured by mechanical market feedback loops or the victories and defeats of class struggle. Once we include what is hidden below the waterline— and possibly keeping us afloat as a society—we expand our prospects for taking back the economy. We potentially multiply the opportunities for ethical actions.

This is what they say.

I was also confused when I first saw the figure but I reserved judgment before reading the actual book. Now after reading the first chapter… my initial confusion and hatred is justified.

When I was reading the chapter I was in such disbelief that they really used an example of changing consumerist practices and unionisation as ‘ethical’ actions that can ‘change’ the economy with regards to fast fashion and gendered (unpaid) labour exploitation.

Edit: Clarity.