The Research Desk
Current economic models focused on GDP growth are unsustainable and harm both people and the planet.
Wellbeing for people and the planet: how to value everyone and everything on a thriving planet beyond 2030.
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Pickett, K., Costanza, R., De Vogli, R., Kubiszewski, I., McGlade, J., Mortensen, L., Ragnasdottir, K., Wallis, S., Wilkinson, R.
In plain language
This paper explores the urgent need for a new global development model that prioritizes both human and planetary wellbeing. The authors argue that current economic models focused on GDP growth are unsustainable and incompatible with the finite resources of our planet. They propose a shift towards a system that values cooperation and relational wellbeing over consumption and competition.
The authors outline three key systemic changes necessary for this transformation: enhancing deliberative democracy to empower communities, promoting economic democracy for equitable financial and enterprise practices, and reforming land and resource governance to respect ecological boundaries. By doing so, societies can thrive within the Earth's limits and ensure a sustainable future for all.
Key findings
- Humanity is exceeding planetary boundaries while inequality and mental health issues worsen.
- Current GDP-driven growth models are incompatible with a sustainable future.
- Humans are naturally inclined towards cooperation and relational wellbeing.
- Three systemic shifts are proposed: deliberative democracy, economic democracy, and transformed resource governance.
- Aligning human and ecological wellbeing is crucial for future flourishing.
Why it matters
This research highlights the importance of rethinking our development models to prioritize both human and planetary wellbeing. It suggests that by embracing our innate cooperative tendencies, we can create a sustainable and flourishing future.
Try this today
Readers can advocate for and engage in community-driven democratic processes, support economic practices that prioritize equity and sustainability, and promote policies that respect ecological limits. These actions contribute to a more balanced and thriving world.