WEAll’s Katherine Trebeck has written a chapter for a new ebook by Open Democracy, available free here. Edited by Laurie Macfarlane, “New Thinking for the British Economy” brings together leading thinkers to outline the broad pillars of a new economic agenda, and the type of policies that are needed to get us there. As well as more traditional policy areas such as trade, finance, housing and industrial policy, the book explores a range of areas that are not typically considered to be within the sphere of economic policy but which nonetheless play a critical role shaping our political economy – such as the media, our care systems, racial inequalities and our constitutional arrangements.
Katherine’s chapter – “Building a Wellbeing Economy” – explains that GDP is a wholly inadequate measure of progress for the twenty-first century: the narrow pursuit of growth-at-all-costs is failing to meet human needs and destroying the planet. Repurposing the economy away from GDP towards outcomes that align economic success with the delivery of human and ecological wellbeing is therefore an essential step towards an economy that works for people and planet.
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