The bad news? If humanity continues on the current path of slow, incremental change - a.k.a the #Earth4All Too Little Too Late scenario- average wellbeing will decline.But here's the good news! 🌟...
The Wellbeing Economy Alliance (WEAll) describes what the economy needs to deliver for human and ecological wellbeing as follows: Dignity: Everyone has enough to live in comfort, safety and happiness. Nature: A restored and safe natural world for all life. Connection: A sense of belonging and institutions that serve the common good. Fairness: Justice in all its dimensions at the heart of economic systems, and the gap between the richest and poorest greatly reduced. Participation: Citizens are actively engaged in their communities and locally rooted economies......The Earth4All Wellbeing Index incorporates: Dignity: worker disposable income (after tax). Nature: climate change (global surface average temperature, in Celsius) – used as a proxy for many other environmental dimensions. Connection: government services indicated by spending per person, i.e., to institutions that serve the common good. Fairness: the ratio of owner income after tax to worker income after tax – representing inequality in society. Participation: people’s observed progress (previously improving wellbeing) and labour participation
As a reaction to the limitations of GDP growth, ideas around wellbeing economics are gaining increased attention.
Well-being, or wellbeing,[1] also known as wellness, prudential value, prosperity or quality of life, refers to what is intrinsically valuable relative to someone. So the well-being of a person is what is ultimately good for this person, what is in the self-interest of this person.[2] Well-being can refer to both positive and negative well-being...
❌ Eradicate extreme poverty 🤝 Inequality reduces💸 Wealth is more fairly distributed⬇️ Social tension falls🌎 Climate stabilises well below 2°C
What if we make the greatest economic transformation in history?
