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Pre-governing conditions for regenerative markets. What must be true before market exchange can create rather than extract value.
Markets don't naturally create public value. They can—but only when pre-governing conditions are architecturally embedded.
Standard PPP models assume markets can be 'harnessed' for public purposes through contracts and regulation. But markets optimise for what they measure. Without constitutive architecture that embeds public purpose into market structure itself, extraction will dominate creation.
This paper identifies the four pre-conditions that must be satisfied before market exchange can become regenerative rather than extractive.
These charts illustrate how pre-governing conditions determine whether markets become regenerative or extractive over time.
Comparing traditional vs regenerative market architectures across the four pre-conditions
Traditional markets fail most pre-conditions; regenerative markets embed them structurally
How value evolves over 25 years in extractive vs regenerative market designs
Extractive markets deplete value; regenerative markets compound it over time
How each market architecture responds to different systemic pressures
Δ-operators (decoupling) dramatically reduce vulnerability to external cycles
Apply these pre-conditions to design regenerative market structures.
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