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News

From The Old Way to The New Way: How a Wellbeing Economy Will Respond to Issues 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 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.

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Matthew Wisner
New Zealand’s wellbeing budget

“We need to address the societal well-being of our nation, not just the economic well-being,” Jacinda Ardern told the World Economic Forum earlier this year. New Zealand’s prime minister said that to meet people’s real needs, politics would need to operate through a lens of “kindness, empathy and well-being.”

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Matthew Wisner
How Not to Measure Inequality

How we conventionally think about and measure inequality is misleading. Relative metrics are inappropriate when evaluating widespread wellbeing, and we should transition toward evaluating inequality on the basis of absolute metrics. When discussing inequality, most people think economists are talking about absolute inequality, but in reality they almost exclusively talk about relative inequality.

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Matthew Wisner
Indigenous People Go to Court to Save the Amazon From Oil Company Greed

On Feb. 27, hundreds of Indigenous Waorani elders, youth and leaders arrived in the city of Puyo, Ecuador. They left their homes deep in the Amazon rainforest to peacefully march through the streets, hold banners, sing songs and, most importantly, submit documents to the provincial Judicial Council to launch a lawsuit seeking to stop the government from auctioning off their ancestral lands in the Pastaza region to oil companies.

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Matthew Wisner