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When Growth Outpaces Happiness

When Growth Outpaces Happiness | The P2P Daily | 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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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.


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New Inclusive Wealth Index shows lower growth and future risks for major economies

"Some large economies show significantly lower growth when natural assets such as forests and water are factored into growth indicators, an index showed on Sunday, a few days before an international sustainability summit starts in Rio de Janeiro."

 

Interesting new report from two of the UN's environmental institutions shows that the Beyond GDP debate needs more and faster progress.


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Social Innovations for Economic Degrowth

Social Innovations for Economic Degrowth | The P2P Daily | Scoop.it

"... a growing community of scientists and social activists, sharing the basic insight that a reduction of energy and material use implies a reduction of gross domestic product (GDP), is gathering under the heading of sustainable degrowth.3 Degrowth obviously entails a fundamental transformation of economic structures. But what precisely are the necessary steps?"

 

Very good article in Solutions Journal on the need to scale up social innovations for sustainable degrowth if we want to move from the failing growth paradigm to a new paradigm of the good life.


Via Willy De Backer
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Rescooped by P2P Foundation from The Great Transition
Scoop.it!

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
more...
No comment yet.