In the fight for economic system change, young people are most at risk – and have most to gain – Sam Butler-Sloss

 Blog by Sam Butler-Sloss, Economics for Change

Economics for Change – a student-led campaigning organisation based in Edinburgh focused on the need for economic system change – is enormously excited to be joining the Wellbeing Economy Alliance to lead their efforts to establish a WEAll Youth Hub here in Scotland. This Youth Hub’s mission is to mobilise young people behind the historic opportunity to drive economic systems change.

 

Why young people? And why is it such a historic opportunity?

We are all acutely aware of the multiple crises that face us in the 21st century, from spiralling inequality to run away climate change. Yet however well documented these challenges are, bizarrely, awareness has not been enough to drive the adequate action. Since this insufficient level of action has become the new normal, it has taken our generation to stand up and say the current efforts are simply not enough. They do not begin to meet the scale or the urgency of the challenges that we face.

This year has been a striking demonstration of young people’s’ capacity to be at the forefront of social change. We have shown that we have the expectations and ambitions for a better, cleaner and fairer world that dwarf those who are currently at the helms of power. It is in this same spirit that Economics for Change is bringing young people together to take a stand against a failing economic system; to stamp out the tendency of simply ‘muddling through’ and to advocate for an economy that enables both the people and the planet to flourish.

It is often easy for us to feel overwhelmed, but at the centre of WEAll’s narrative is the idea that whilst the challenges are certainly demanding, the opportunities they present are enormous.

To overcome these great societal challenges requires us to transform our economy–and the climate challenge gives a decade to do so.

A decade to redesign how we produce, consume and share in the 21st century. The chance to fundamentally redesign our economy does not come about often, and with it, comes the once in a lifetime opportunity to redraw a better world.

As the economic consensus fractures and the old principles that defined our economy expire, a space is opening up, in which the case for systems-change has never been stronger. As this space widens, a new era is emerging.

This new era is generating new norms, new business models, new energy sources and new ideas of shared prosperity. It is outcompeting today’s system and is paving the path to a wellbeing economy. Yet the question remains, will this change happen fast enough?  

There is no doubt that were are approaching a paradigm shift between a system built on extraction, exploitation and exhaustion and one that is regenerative, circular and inclusive. And this is where young people must step up and have a catalytic effect.

WEAll Youth is a vehicle to enable us to do so: we are a global, interconnected network of young people fighting for a new kind of economics from all corners of this world. We are thinking globally, with a shared vision for change, whilst acting locally to catalyse this transformation from the ground up. We acknowledge our assets: our votes hold power; our voices form new narratives; and our connectivity brings untamable potential to mainstream new ideas and paradigms with the urgency that does these challenges justice.

While fundamental redesign is no modest task it holds the keys to transforming our future; to keeping us within a 1.5 degree world; and to enabling all humans to live a prosperous and dignified life. As young people, we have the most to gain and the most at risk. This is no dress rehearsal, there will be no second chance. The time to come together to drive systemic change is now–we would be mad not to seize this opportunity.

In the coming month, Economics for Change and WEAll Scotland will be establishing the WEAll Scotland Youth Hub. If you share our passion for an economy that serves people & planet and want Scotland to lead the way, get in touch at scotland@wellbeingeconomy.org and join the movement as  WEAll Citizen at www.weallcitizens.org 

If you’re a young person (16-34) and want to get involved with WEAll Youth wherever you are in the world, contact weallyouth@gmail.com 

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