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When Growth Outpaces Happiness

When Growth Outpaces Happiness | Positive futures | Scoop.it
It is startling to find that Chinese people’s feelings of well-being have declined in a period of such momentous improvement in their economic lives.

 

Richard Easterlin in NY Times: China demonstrates that "growth alone, even at sustained, spectacular rates, has not produced the kind of life satisfaction crucial to a stable society — an experience that shows how critically important good jobs and a strong social safety net are to people’s happiness."

 

Another piece of evidence that it is time for a new economic and social development model.


Via Willy De Backer
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Rescooped by David Hain from The Great Transition
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Building a civil economy

"The current crisis of global capitalism provides a unique opportunity to chart an alternative to the complicit collusion of central states and free markets that characterise liberal political economy. From this perspective, the proposed shift of focus from a self-interested pursuit of power or wealth (or both at once) to the quest for the common good opens the way for transforming modern economics. The alternative that this essay has outlined is a ‘civil economy’ whereby markets and states are embedded in the social relations and civic bonds that constitute society."

 

At OpenDemocracy Adrian Pabst sketches the contours of an alternative economy beyond free market and state, beyond austerity and neo-Keynesianism.


Via Willy De Backer
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