Several countries are starting to develop “wellbeing economies” and “wellbeing budgets” that incorporate all four capitals: natural, human, social and produced (or economic)
We may be economically better off, but we are not much better off in human and social development terms, and we are eating away at the Earth’s life-support systems on which we ultimately depend.
Natural capital comes first because our very existence depends upon the viability and functioning of the Earth’s natural systems. Next comes human capital, because we want individuals to thrive, to live long and happy lives and achieve the fullest potential of which they are capable. But this new economic system cannot exist within our present society, which only too often prizes the economy above the other forms of capital.
First among them has been Aotearoa New Zealand , which developed its Living Standards Framework in 2019, and created a wellbeing budget based on that framework. Finland has committed to creating an economy of wellbeing that “puts people’s wellbeing at the heart of decision-making,” taking into account “the combined impact of economic and ecological factors on wellbeing.”
Note that all these countries have similar-sized populations to B.C. — so if they can do it, so can we.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Father and son charged with sexual abuse of teen girls, several other 'incredibly serious charges'Both men were arrested by police who raided a home, where they seized seven handguns and 975 grams of cocaine with a street value of $97,500
Read more »
Father and son charged with sexual abuse of teen girls, several other 'incredibly serious charges'Both men were arrested by police who raided a home, where they seized seven handguns and 975 grams of cocaine with a street value of $97,500
Read more »
Toronto screening of Sean Penn’s Ukraine film to help launch global non-profit - Terrace StandardOrganizers say the June 6 screening will be the first of several around the world
Read more »
Roughriders top Blue Bombers 28-16 in CFL pre-season finaleTrevor Harris puts on a show for new Saskatchewan Roughriders teammates in 28-16 CFL pre-season win over Winnipeg Blue Bombers
Read more »
Iranian family living in Ottawa can stay in Canada for now but still can’t workDespite losing their status, an Iranian family living in Ottawa for several years can stay in Canada for now, a government department said Friday.
Read more »
Vehicle sales rise in May, showing hope for strong summer: DesRosiers - BNN BloombergDesRosiers Automotive Consultants says May brought hope after several years of disrupted sales patterns, as vehicle sales rose.
Read more »