The circular economy, roots and context -- Circularity, sustainability and labour in the circular industrial economy -- The circular industrial economy, a wealth of new opportunities -- The era of "R": the owner decides locally -- The era of "D": economic actors recovering resource assets decide -- The point of sale or factory gate, and liability -- The invisible liability loop, labour and the role of policy -- The performance economy, industry adopting the circular industrial economy as default option -- Radical innovation to enhance stock management -- Outlook