“But how would things actually be different in a wellbeing economy?”
This is probably the question that our team gets asked most often – and while there’s no single answer, there ARE lots of answers. It all depends on the location, and the issue area.
WEAll Knowledge and Policy lead Katherine Trebeck has created a new section of the WEAll website exploring how the dominant economic system tends to respond to issues, from mental health to the climate crisis, and how a wellbeing economy would respond differently.
The current economic system (the “old way”) responds to the common needs of humanity and the planet in ways that do not address the heart of problems and do not make life better for all. In fact, often problems are made worse or at best responses act as ‘sticking plasters’.
In a wellbeing economy (the “new way”), responses would be person-centred, positive and long-term. The exciting thing is – the new way is already emerging, with inspiring examples around the world showing us the way.
This new online resource sets out indicative wellbeing economy responses to some of the major issue areas that decision makers deal with, and that affect all of our lives. It’s a work in progress and open to further contributions –we’re inviting people to submit their suggestions to keep developing the ideas and examples.