As part of our work to amplify the important work in the Wellbeing Economy movement, these WEAll Weekly Update blogs will share some of the latest and greatest updates from our membership and beyond. Please use the comment box to share any relevant updates from this week and keep the conversation going!
“Not only is there no empirical evidence supporting the existence of a decoupling of economic growth from environmental pressures on anywhere near the scale needed to deal with environmental breakdown, but also, and perhaps more importantly, such decoupling appears unlikely to happen in the future”
“It is unlikely that a long-lasting, absolute decoupling of economic growth from environmental pressures and impacts can be achieved at the global scale; therefore, societies need to rethink what is meant by growth and progress and their meaning for global sustainability.”
“We have a crisis of inequality in this nation that we cannot continue to tolerate. A crisis where sticking plasters fail to address negative outcomes. A crisis of performance in a system that reacts to negative outcomes rather than preventing them happening in the first place. Moves towards a wellbeing economy should be the central goal of every government.”
“We must transform the structures of our economy such that they no longer require GDP growth to temporarily fend off financial, economic, and social crises. If growth is low or negative, these structures – referred to as ‘growth imperatives’ – generate multiple undesirable crises. Rising unemployment, deepening inequality and debt crises are just a few of the common consequences of insufficient growth in our current economic system.”
“This slim volume is not just as thorough and concise a summary of the need to transform our financial system as you will find anywhere. It also clearly envisions how the creation of collaborative value, sustainable stewardship, and an “enough-not-more” mantra can drive a transformational change that will benefit the all as well as the one.”