Are you happier than you were 10 or 20 years ago? No? Then read this…

The Economics of Happiness

Our thanks to Green Monkey for suggesting the following article. It’s a good read and well worth your time.

“Our global economy is effective at many things—moving huge quantities of goods across great distances, for example, or turning mortgages into profits. What it’s not so good at is determining whether these activities are worthwhile when it comes to improving the lives of the people who live and work within the economy (not to mention preserving the natural systems on which the whole shebang depends). In many cases, economic policies that increase trade or production actually decrease well-being for millions, even billions, of people.

That’s the reality that’s leading more people (and, increasingly, governments, from Bhutan and Bolivia to Britain and France) to ask a very simple question: What’s the economy for, anyway? Do the rules and policies we create to govern the flow of money and goods exist to create ever more money and goods, or to improve our lives?

And if we decide we’d like to prioritize the latter, how do we rewrite the rules to do that?”

…Read the entire article at Yes! Magazine: Localization is the Economics of Happiness

Photo by Camille Sheppard Dohrn


Filed under Agriculture, Barbados, Economy, Ethics, Human Rights

2 responses to “Are you happier than you were 10 or 20 years ago? No? Then read this…

  1. J. Payne

    Fox is rotating an add calling on the end of America soon.
    Is Barbados prepared if America collapses?

  2. J. Payne

    My suggestion? Scrap the whole World Trade Organisation and its supporting organs. IMHO the WTO has one goal which is to give corporations veto power over elected governments. The whole globalisation ideology is un-sustainable and is a part of the whole nonsense that produced the financial cross a couple years ago.
    It is a system that seeks to funnel the vast majority of the earth’s resources under the direct influence and power of a select few. The other problem with globalisation is it promotes instability in the world’s markets. Under globalisation anywhere in the world that has a recession will have a knock-on effect on all other economies since they will all be inter-connected. If Japan’s economy catches the flu it isn’t long until the United States’ economy will catch a cold. Then that contagion will continue to spread.
    I don’t see it being sustainable. I want to get myself off the electric grid and have enough land to grow meh own food because this world’s economy gon crash hard-hrad-hard one of these days. Once all of those big companies run out of new markets to jump into, and exploit their “growth” prospects will vanish. Why? Because there will be no new markets to conquer unless they going into outer space…
    Governments will just be responsible to providing services that businesses can’t find profitable. That is where the world is going. It’ll come in due time.