The EU treaties make it clear, wellbeing is a core objective. However, our current economic system, designed to promote economic growth, is neither inclusive nor sustainable. Why is our economic system missing the mark?
Research examining the relationship between income and wellbeing shows that we cannot rely on growth alone to ensure people’s wellbeing. In fact, there is only a minimal association between GDP growth and the increase of life satisfaction across countries.
Rather than treating economic growth as an end in itself, imagine if we could redesign economic frameworks around 5 core values to build a wellbeing economy that prioritises human and environmental wellbeing.
- Purpose;
- Fairness;
- Dignity;
- Nature;
- Participation.
Find out more about these values and Social Platform’s recommendations in our Position Paper on a Wellbeing Economy.
