End economic growth/ profit maximisation; Make the wellbeing economy real
Repeal the legal obligation for companies, charities etc to make profit maximisation the key driver of their decisions. Legislate to make the wellbeing of people and planet the foremost consideration that guides companies, charities, governments action in place of the current drive for profit.
Currently, economic growth is at the very centre of the National Performance Indicators guiding Government action. Pursuing infinite growth on a finite planet is absolutely devastating. It is driven by the very wealthy appropriating more and more of what were common lands, shared intellectual developments, and public services, to the impoverishment of people and planet.
Creating a wellbeing economy involves returning responsibity to citizens, just as a citizens assembly does. It involves restoring buildings and lands to community ownership, restoring privatised energy, transport and production systems to public (community or national) ownership, and involves taking back control of how we produce our energy, food and everything else we need, rather than leaving decisions about these to those who are only (and legally) guided by the pursuit of ever increasing wealth for themselves.
Why the contribution is important
Currently companies, charities, etc are legally obliged to get the 'best' (maximum financial yield) on investments and assets. This means, for example, everything from companies being legally obliged to put profit ahead of the wellbeing of people and planet, to a church not being allowed to hand over a building to a community group rather than make a profit from selling it. Lets directly pursue the 'best’, not hope it might be a side effect of pursuing greed. As David Attenborough says: "pursuing greed is not bringing us joy"
This pursuit of profit above all other considerations has a devastating impact on people, communities and our environment.
A wellbeing economy, centred in restoring public (community and national) ownership can change this.
This idea is important because it is not (as other ideas on this page are) simply focused on the welding economy as an aspiration, but is been clear that we need to recognise the nature of our current system and the damage it wrecks.
by justinkenrick on October 24, 2020 at 06:00PM