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New WEAll Members, European Health Futures Forum (EHFF) and Feasta, have teamed up to deliver the Bridging the Gaps podcast series, which covers topics like:

• How best to measure wellbeing
• The politics of land
• Wealth distribution
• Diversity, both biological and cultural
• Blame, shame and compassion
• The role of digital technology in society

…..all in the context of a biosphere which is critically ill and in need of urgent care.

They recently put out a podcast episode: ‘Towards Wellbeing’, featuring David Somekh of EHFF interviewing Stewart Wallis, Chair of WEAll

The episode covers a wide range of topics, including:

  • Reasons why a large majority of people consider the current economic system to be dysfunctional
  • Five basic things that people throughout the world say they need
  • Potential for Ireland to join the WEGo Partnership (which currently consists of Scotland, New Zealand, Wales and Iceland).

Watch the podcast episode (#6) and the rest of the EHFF & Feasta’s Bridging the Gaps podcast series, here.

Earlier this month, the WEGo partnership was featured in the 2020 edition of WWF’s Nature In All Goals publication, which outlines how we can restore our relationship with nature to realise the promise of the SDGs and Leave No One Behind.

Individually, the 17 SDGs define key areas of progress for humanity. Delivered together, they will transform the world and create prosperity for all on a healthy planet.

The publication gives inspirational examples of where each of the 17 SDGs have been put into practice – ranging from Supporting Conserved by Indigenous Peoples and Communities in Myanmar to Renewable energy solutions for better health and energy security in Karachi, Pakistan.

In WEAll’s article, we discussed how to shift toward a Sustainable and Just economy – one that promotes wellbeing for all. 

Action on the SDGs in the next ten years is not possible without a fundamental transformation of our economic system.

In order to do this, WEAll’s membership has developed the 5 priorities a wellbeing economy should deliver on.

‘We All Need’:

  1. Dignity: Everyone has enough to live in comfort, safety and happiness
  2. Nature: A restored and safe natural world for all life
  3. Connection: A sense of belonging and institutions that serve the common good
  4. Fairness: Justice in all its dimensions at the heart of economic systems, and the gap between the richest and poorest greatly reduced
  5. Participation: Citizens actively engaged in their communities and locally rooted economies.

These principles guide the work of the Wellbeing Economy Governments (WEGo) partnership.

WEGo member states have achieve great successes in mainstreaming social equity and ecological restoration – in line with the SDGs:

Read all of the inspiring examples of the shift toward a wellbeing economy in the WWF’s Nature In All Goals publication, here.

Today, 22 June 2020, the Scottish Government’s Advisory Group on Economic Recovery published its report, ‘Towards a robust, resilient wellbeing economy for Scotland’.

As an organisation whose purpose is to support the creation of a wellbeing economy in Scotland we are excited to see the prominence given to this goal in the report’s title.

Our initial sense is that there are parts to praise and unfortunately parts that fall short in recognising the type of transformation that could truly transform Scotland into a wellbeing economy.

We welcome the ‘four pillars’ approach laid out in the report, which gives business, people, community, and the environment balanced priority. This is an important step to designing a wellbeing economy, although a true wellbeing economy approach goes one step further to say that business and economic activity must be designed to serve people and planet, not thrive alongside them. After all, what is the benefit of an economy if it does not directly serve the people who sustain it?  We would also add that conflating business with the economy in the four pillars seems to miss the vital role of unpaid role of care and social reproduction in families and communities in supporting the market economy. This would be a serious blind spot for a country where the gender equality discussion is better than in other localities.

We are also concerned at the extent to which a desire for ‘growth’ still features prominently in the report’s language. What kind of growth? And for whom? Simply adding ‘inclusive’ and ‘sustainable’ modifiers to growth does not answer either of these vital questions.

Indeed, the answers are the crux of what separates a traditional, growth-driven system from a true wellbeing economy. A wellbeing economy is one that is purposed and designed explicitly for human and ecological wellbeing – economic activity in service of these higher order goals.

In the report’s foreword, Benny Higgins (who led the group tasked with compiling the report’s recommendations) states: ‘Scotland had the ambition to become a robust, wellbeing economy. That is one that generates strong economic growth… and that does so with an unequivocal focus on climate change, fair work, diversity, and equality’. We disagree that a wellbeing economy is about generating “strong economic growth” – a wellbeing economy would ask: ‘what sort of growth – and for whom – is needed for collective wellbeing?’ It is about the economy (and growth where necessary) being in service of delivering collective wellbeing.

For example, we welcome the emphasis on conditionality in business support and recommendations such as a jobs guarantee: the post-covid economy cannot be one where businesses get away with social and environmental harm while young people see their future ebbing away.

Recognition that a wellbeing economy attends to climate change, fair work, diversity, and equality is promising to hear. The report rightly gives prominent focus to green recovery tests, and to circular economy principles.

Again though – and crucially – to truly initiate a wellbeing economy, the restructure must be designed to enable people and planet to flourish while being agnostic to economic growth, not dependent on it.

The Advisory Group’s report is a good starting point, and we welcome the embrace of the ‘wellbeing economy’ concept. The conversation can’t end here – not least when creating a wellbeing economy requires substantial economic transformation. We look forward to continuing the conversation with Government, businesses, and the wider public as we all move into this new era of economic recovery. Scotland has an opportunity to lead the world in truly putting collective wellbeing at the heart of economic policy making and creating an economy that delivers for people and planet first time around.

Blog by Kristin Vala Ragnarsdottir, WEAll Ambassador and Professor of Sustainability Science at the University of Iceland

June 2, 2020

A few years ago a  guy called me up in Iceland and asked: “Why do the leftists own the environment?“  My answer was: “They do not but they have taken environmental issues to the forefront of their politics.  All parties should do that.“ He went on to found the Right Green Party which never took foothold in Icelandic politics.  But it was a step in the right direction.   Healthy environment and sustainability is tantamount for everyone’s wellbeing.

I was party to a similar discussion in an international WhatsApp group recently:  “Why is it that left-wing governments are promoting the wellbeing agenda?  In doing so it will be rejected by those to the right in politics.“

My response was: “In Iceland there is a broad political base behind the new wellbeing policy which has a focus on prosperity and quality of life and is aligned with the UN Sustainable Development goals.“

Our Prime Minister is from the Left Green Movement, but her coalition government encompasses the whole political spectrum – with the Independence Party (conservative right wing) led by Bjarni Benediktsson who is Minister of Finance and and Economic Affairs, and  the Progressive Party led by Sigurður Ingi Jóhannesson and is Minister of Transport and Local Government.

This broad based coalition government agreed the Wellbeing policy agenda in April 2020.  It has 39 wellbeing indicators that are to be collected and followed by Statistics Iceland.  This is very important when considering what may happen in the next election – when the Left Greens may no longer lead the government.  Then the wellbeing agenda is already engrained in policy with civil servants and public institutional support.

What about the other countries in the Wellbeing Economy Governments partnership?

In Scotland, the wellbeing economy agenda is being supported and followed by the National Performance Framework (NPF) which was presented to the Scottish Parliament by the First Minister Nicola Sturgeon. Sturgeon is from the Scottish National Party (SNP) – which is considered to be a centre-left party and wants Scotland to become independent and and have closer ties with Europe and the EU.

Importantly, the NPF was passed unanimously with support from all five political parties in the Scottish Parliament.  Again, with this broad base of support in parliament the wellbeing economy agenda has a chance to survive if the next elections do not return the SNP as the leading party.

In New Zealand, the Prime Minister Jacinda Ardern set the first wellbeing budget world-wide in May 2019 with a central question – how well are our people? The focus is on five priority areas where evidence indicates greatest opportunities to improve the lives of New Zealanders.  The PM´s political party is Labour (left).  Labour is in a coalition government with the New Zealand First Party (right wing) and the Green Party (left wing).  This again, is a broad-based political coalition, giving strength to the wellbeing agenda.

Scotland, Iceland and New Zealand are all members of WEGo – the Wellbeing Economy Governments partnership – which is an offspring of WEAll.  A new member has just joined WEGo – Wales.  The First Minister of Wales is Mark Drakeford and he leads the Labour (left wing) government in Wales.  Wales has had the Wellbeing of Future Generations Act since 2015 that has seven wellbeing goals.  Therefore the wellbeing agenda is firmly in Welsh policy – and has been set in law for five years.

The Wellbeing Economy agenda is therefore neither left wing nor right wing.  It is for us all, so that all people and our planet can prosper.  Now that governments across the globe are finding their feet to lead their nations out of the COVOD-19 health and economic crisis – let us remember that pandemics hit us all, wherever we stand in politics. We also know that we cannot go back to business as usual.

In the worlds of professor Frank Snowden, a historian:  “By creating the myth that we could grow our economy exponentially and infinitely, by almost 8 billion people living on earth, excessive travel, environmental pollution, by pushing back nature more and more, we created almost ideal conditions for the coronavirus to emerge, spread and hit us especially hard.“

Let us join hands across political spectrums and make the Wellbeing Economy the new economy for the 21st century.  Would you like to learn more? Then see the WEAll ten principles of Building Back Better.

Reposted from Open Democracy

By Luca Coscieme, Katherine Trebeck and Lorenzo Fioramonte

The Covid crisis seems to confirm what policy analysts have argued for some time: female leadership may be more engaged on issues of social equality, sustainability and innovation, making societies more resilient to external shocks. We have run some statistical analyses on available data on the Coronavirus pandemic and a series of dimensions of public health, social progress, basic human needs and economic resilience, with stunning correlations.

First of all, current data shows that countries with women in a leadership position have suffered six times fewer confirmed deaths from Covid-19 than countries with governments led by men. Moreover, female-led governments were more effective and rapid at flattening the epidemic’s curve, with peaks in daily deaths roughly six times lower than in countries ruled by men. Finally, the average number of days with confirmed deaths was 34 in countries ruled by women and 48 in countries with male-dominated governments.

Of course, correlation is not causation, but when we look at most female-led governments’ approach to the crisis, we find similar policies that may have made a difference vis-à-vis their male counterparts: they did not underestimate the risks, focused on preventative measures and prioritized long-term social wellbeing over short-term economic considerations.

Taiwan is a case in point, where the government of Prime Minister Tsai Ing-wen built on its previous experience with SARS to immediately introduce targeted measures and medical checks, which massively reduced the risk of an outbreak and therefore made a lockdown unnecessary, unlike in most other East Asian countries, including the equally small Singapore, which instead suffered several waves of contagion. New Zealand’s government of Jacinda Ardern was also prompt in implementing restrictive measures early on, resulting in limited contagion and a much shorter lockdown than neighbouring countries in the Pacific. A similar pattern occurred in Denmark, Norway and Finland, all ruled by women, as opposed to Sweden, where economic considerations trumped health concerns, resulting in the highest death toll per capita in Europe.

Over the past few years, most women-led governments have also placed a stronger emphasis on social and environmental wellbeing, investing more in public health and reducing air pollution (which seems to be closely associated with Covid deaths). Our analysis shows that countries with higher female representation in national parliaments perform better in terms of greenhouse gas emission reduction, air pollution containment and biodiversity conservation. Some of these governments have also launched an international alliance to promote ‘social and ecological wellbeing’ as the cornerstone of their economic policies. These are all important features that make societies more resilient vis-à-vis external shocks.

Confirmed deaths

Confirmed deaths of Covid-19 (left) – Number of days with at least one reported death of Covid-19 (centre) – Peak in daily deaths (right). Source: European Centre for Disease Prevention and Control.

Basic Needs

Basic Human Needs 2019 score (Nutrition and Basic Medical Care, Water and Sanitation, Shelter, Personal Safety), Source: Social Progress Imperative (left) – Gini coefficient of income distribution, Source: The World Bank (centre) – GDP growth rate per cent reduction forecasts for 2020, Source: European Commission and national central banks.

Against this backdrop, it is perhaps unsurprising that women-led countries are also likely to suffer the least from the ensuing economic recession: GDP growth forecasts for 2020 indicate that they will experience a decline lower than 5.5 percent, while countries with male leaders will shrink by over 7 percent.

There is probably not enough hard evidence yet to demonstrate that there is a clear ‘female factor’ at play, but we cannot simply dismiss such stark differences as casual. Some women leaders have understood that placing social and environmental wellbeing at the core of national policymaking has positive effects on society’s resilience and benefits the economy too. It’d be wise for their men colleagues to take note.

Notes: countries with female leaders include Belgium, Denmark, Estonia, Finland, Germany, Greece (President), Iceland, New Zealand, Norway, Slovakia and Taiwan. Countries with male leaders include Austria, Bulgaria, Brazil, Croatia, Cyprus, Czech Republic, France, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland, UK and USA.

Thanks go to Kristin Vala Ragnarsdottir, Jacqueline McGlade, Ida Kubiszewski, Kate Pickett, Richard Wilkinson, Enrico Giovannini and Robert Costanza for their contributions to this article.

Reposted from Open Democracy

Photo: New Zealand’s Prime Minister Jacinda Ardern speaks in Wellington, New Zealand, April 20, 2020. | Xinhua/Pa. All rights reserved.

Scotland’s Cabinet Secretary for Culture, Tourism and External Affairs Fiona Hyslop declared in Parliament yesterday that “the time of a wellbeing economy has well and truly arrived.”

Speaking about plans to get the Scottish economy moving again after the covid-19 lockdown, Hyslop was clear that business as usual should not be the default:

“We must be brave and bold and rethink the world of work,” she said as she outlines the three steps required to restart Scotland’s economy in 14 separate sectors, stressing that it must be done safely and will involve…

  • Measures to suppress the virus
  • Guidance that supports fair and safe workplaces
  • The right structures for workplace regulation

Encouragingly, she went on to say that we “need a revolution in economic thinking that stimulates and values cooperative sharing of risk and reward, to rethink what value is”.

While touching on workers’ rights, remote working and a green recovery, Ms Hyslop added that “collective endeavour” should replace “old thinking on battling over wealth distribution, which has never properly delivered”.

See more coverage on BBC News.

Scotland is one of four members of the Wellbeing Economy Governments partnership, alongside New Zealand, Iceland and Wales. Find out more about this initiative here and about WEAll Scotland – the dedicated Scottish hub of the Wellbeing Economy Alliance – here.

BBC Radio Scotland has aired an in-depth feature exploring wellbeing economics, community wealth building and how Scotland can build back better post-covid.

Featuring interviews with WEAll’s Katherine Trebeck and WEAll member Sarah McKinley of the Democracy Collaborative, the report by BBC Scotland Economics Editor Douglas Fraser explores the need to reconsider our approach the economy.

Katherine  says: “Our economy wasn’t delivering for enough people. Covid has shone a very harsh light on the economic system we had prior to the pandemic. It has created a necessity to look for different ways of doing things”

Scotland’s First Minister Nicola Sturgeon is also quoted, speaking in her 2019 TED Talk about the Wellbeing Economy Governments partnership.

There is also a spotlight on the new Community Wealth Building strategy of North Ayrshire Council, an economic development approach which focuses on the needs of communities and building thriving local economies. WEAll Scotland’s Sarah Deas was this week named as Chair of the expert panel advising North Ayrshire’s approach – read more here.

Listen to the BBC Radio Scotland feature here (from 1:32:15).

[vc_row][vc_column][vc_column_text] By Katherine Trebeck (WEAll) and Peter Kelly (The Poverty Alliance)

First published by Bella Caledonia

 

 

This year started with masks and it is likely to end with masks.

As Scottish people woke up on Hogmanay morning, Australians were going to bed to the latest news of the bushfires spreading across the east coast of the country, taking people’s homes, wildlife and acres and acres of native vegetation with them.

In Australia’s capital city, Canberra, the rolling hills surrounding it meant smoke from nearby blazes settled in the city streets, endangering the lungs of locals. Many went out to buy masks and the ones of apparently high enough spec to filter out the carcinogenetic particles quickly sold out.

And now multiple governments are telling their citizens that wearing masks is part of the steps they need to take to control the transmission of covid-19, part of the so-called ‘new normal’ we’re all going to have to fall into step with.

And as lockdown measures are slowly, hesitantly wound back, attention is being turned to how economies can recover from one of the biggest kicks in the guts it is possible to imagine: workers and customers being told to stay home.

The stakes are high – people have lost jobs, businesses are no longer viable, and personal and government debts have stacked up. Emergency measures cannot continue indefinitely – in due course the direction is going to have to be set for the post-covid economy.

What covid-19 revealed was that the economy of pre-covid days was one that stood on the shoulders of an army of low paid workers eking out a livelihood in very precarious work. The early stages of lockdown revealed that what kept communities ticking over was the foundational economy, local supply chains, and the generosity and kindness of neighbours helping each other get by.

What will ensure Scotland builds back better? Certainly not reverting business as usual – in fact, that will be impossible, what is more likely is a more toxic economic model than the one of pre-covid days. So instead, what is necessary is a proactive, concerted effort to use all the levers the Scottish government has to create a wellbeing economy: one that delivers social justice on a healthy planet.

Scotland has already created of the mechanisms that can enable this – they’ve just been underutilised. Now is the time to breathe life into them, doubling down on the timid steps already being taken rather than ditching them with a misplaced deference to old way of doing things which didn’t require too much prodding to be revealed as inadequate.

Here are some examples:

  • Conditionality needs to be the name of the game in government support for businesses. Some businesses merit public funds because they are the sort of enterprises that can play a part in building a wellbeing economy. Some won’t and thus don’t. No business that is unable to demonstrate its relevance to the wellbeing economy agenda should be in line for public funds. But in making that real, fortunately the Scottish Government has a Business Pledge, sitting on the shelf quietly that could be bolstered and used as a lens through which to evaluate the requests for help. The work of Scottish Enterprise constitutes another nascent move that needs more oomph: nurturing more inclusive business models into existence and the 2019 shift in strategy to making ‘job-related grants contingent on fair work practices, including job security and payment of the real living wage’.
    *
  • But in contrast to businesses, all people merit public support when the chips are down. So reskilling is needed to help people reposition themselves in a profoundly changed economic landscape. But not just reskilling but providing a backstop so people don’t slip too far as they step into the new reality, via robust social protection. Making permanent the improved resources made available through the Scottish Welfare Fund would be positive, but significantly increasing Child Benefit using Scotland’s scope to top up reserved benefits would provide the cushion that many families have been lacking in recent weeks.
    *
  • Communities know what needs to be done: how their localities need to change and what sort of economy will be in service of that. So perhaps the best role of a post-covid state is to underwrite community-led solutions? Again, there are the glimmers of existing practice to build on – not least in the form of the Climate Challenge Fund. Ramping up such initiatives will ensure the activities that emerge as lockdown is lifted are those aligned with sustainability and community need.
    *
  • Jobs themselves need to be redesigned – to deliver decent pay (it beggars belief that two in five care workers did not earn the real Living Wage as the corona crisis set in) and to distribute the available paid work more fairly across people who want it. The Scottish Government can encourage this through support for those firms that embrace employing more people rather than working fewer staff harder. For example, business rates could be recalibrated, subsidies and procurement could be better aligned with certain business practices, and basic bread and butter encouragement of necessary practices all matter.
    *
  • Covid-19 and the economic disruption it has brought is no reason to put dealing with environmental breakdown on the backburner – in fact, it makes the need even more stark if the likes of Covid-32 and Covid-97 are to be kept at bay. Again, Scotland has the beginnings to build on: ambitious climate targets and the work of the Just Transition Commission to map a way to support communities while powering down those industries incompatible with a low carbon economy. The very existence of Zero Waste Scotland is something to celebrate – a post-covid economy needs to be a circular one. The just transition agenda needs to be at the heart of economic and social policy making as Scotland seeks ways to move into a new economic era without people being left on the wayside.
    *
  • Other mechanisms that offer the means to bring about the sort of changes needed, were they just to be drawn on with more vigour, include the Sustainable Procurement duty, the Community Empowerment Act, and the community wealth building efforts. Community wealth building in particular, when combined with the efforts to bolster the population of inclusive business models flagged above, constitutes an important way to ‘get the economy to do more of the heavy lifting’ – or predistribute – resources in a way that is fairer than current circumstances allow.
    *
  • The Citizens Assemblies – for example on Scotland’s future and on climate change – are examples of the sort of robust, deliberative mechanisms to distil and develop the views of people in Scotland. With the First Minister talking of having an ‘adult conversation’ about responding to covid-19, the test will be the extent to which they feed into policy decisions and become a core part of decision making strategy.

The goal of a wellbeing economy has been set in the National Performance Framework, the creation of WEGo, the First Minister’s TED talk, and the rhetoric about the February budget being a wellbeing budget (a dubious claim, but the sentiment counts for something).

If the NPF can be used more concertedly to guide the objectives of policy making and accountability of policy making, then the economy coming out of covid will begin to be one that could be described as a wellbeing economy.

If the learnings from others can be harnessed via WEGo and if the bold statements in the First Minister’s TED talk create space for civil servants wanting to be part of the transformation necessary, then the economy coming out of covid will begin to be one that could be described as a wellbeing economy.

And if next year’s budget truly is a wellbeing budget – featuring long term goals, cross-departmental collaboration, with an outcome focus and attending to root causes of wellbeing deficits – then the economy coming out of covid will begin to be one that could be described as a wellbeing economy.

And that brings us to the task force set up to guide the government on economic recovery post-covid. Others have raised an eyebrow at its composition and lack of unusual suspects (and, dare we point out, the lack of expertise on addressing poverty and ways to bolster Scotland’s renewable sector, let alone an economic system change expert). This is surely an own-goal – diversity will enable better ideas. But not wanting to judge it prematurely, its merit will depend on the extent to which it discards outdated recipes, recognises the dual goals of social justice and sustainability and that the best initiatives deliver on both fronts to deliver collective wellbeing for current and future generations.

Scotland has the talk and the templates for building a wellbeing economy. There are tentative moves in the direction of what is necessary. Now is not the time to turn away from them. Now is the time to breathe life into them, roll them out, scale them out and up in order to build back better.

Katherine photo credit: Martin Oetting

Peter photo credit: Maverick photo agency[/vc_column_text][/vc_column][/vc_row]

The Welsh Government has announced its official membership of the Wellbeing Economy Governments (WEGo) partnership.

In a statement by Jane Hutt, Deputy Minister and Chief Whip, the government said:

“Covid-19 has dramatically changed our lives and will have a lasting and profound effect on all of us, on our economy, on our public services and on our communities. We cannot go back to business as normal, and need to plan for a Wales, shaped by the virus, that is more prosperous, more equal and greener, rooted in our commitment to social-economic and environmental justice. Last week, we joined the Well-being Economy Government (WEGo) Network and will be working with Scotland, Iceland and New Zealand – who all have a shared ambition to deliver and improve well-being through their economic approach.”

Alongside Finland, Wales has already participated in WEGo policy forums with the founding members Scotland, Iceland and New Zealand.

Jane Hutt went on to talk about the country’s pioneering Wellbeing of Future Generations Act:

“The Wellbeing of Future Generations (Wales) Act, with its seven well-being goals, provides a long term vision of Wales, agreed by the Senedd back in 2015, puts us on a strong footing to guide us in these unchartered water. Thinking about the long term, involving people, joining up policies and delivery of services, collaborating across all sectors, and focusing on prevention is crucial in working more effectively with people, communities and each other to prevent persistent problems such as poverty, health inequalities and climate change. In the First Minister’s statement on the Framework to Lead Wales out of the Coronavirus Pandemic  the Future Generations Act is part of the principles by which we will examine proposed measures to ease the current restrictions, grounded in both scientific evidence and wider impact.”

If you’re based in Wales and would like to get involved with helping promote and build a wellbeing economy there, we can connect you to the team setting up the brand new WEAll Cymru hub. Get in touch at info@wellbeingeconomy.org mentioning Wales in the subject line.

Read the full statement and find out more about the Wellbeing of Future Generations Act here.

Find out more about the Wellbeing Economy Governments partnership here.

 

The covid-19 pandemic has made the inequalities and absurdities of our current economic systems clearer than ever. Economic policies are oriented towards emergency response and meeting basic needs, and there is no longer an economic status quo available to us.

This provides an opportunity to advance the vision of a wellbeing economy, with even more urgency than before the crisis. It has never been more crucial that we focus our systems on delivering wellbeing for all.

Ten Principles to Build Back Better

The COVID-19 pandemic is having devastating effects on vulnerable communities around the world but we are also seeing glimpses of hope, where societies are working to “build back better” by ensuring basic needs and protecting our natural environment.

In a new WEAll briefing paper published today, we outline a set of ten principles for “building back better” toward a wellbeing economy. “Wellbeing economics for the covid-19 recovery”, by Milena Buchs et al, showcases examples of inspiring actions around the world that are moving us towards a wellbeing economy, along with examples of actions that are moving us away from this vision.

 

1. New goals: ecologically safe and environmentally just

Prioritise long-term human wellbeing and ecological stability in all decision-making; degrow and divest from economic sectors that do not contribute to ecological and wellbeing goals; invest in those that do; facilitate a just transition for all that creates jobs in and reskills for environmentally friendly and wellbeing focused sectors.

2. Protecting environmental standards

Protect all existing climate policy and emission reduction targets, environmental regulations and other environmental policies in all COVID-19 responses.

3. Green infrastructure and provisioning

Develop new green infrastructure and provisioning, and sustainable social practices as part of the COVID-19 recovery. For instance, transform urban space towards active travel and away from car use; scale up public transport, green energy, environmentally sustainable food production, low carbon housing; attach environmental conditionality to bailouts of high carbon industries.

4. Universal basic services

Guarantee needs satisfaction for everyone, including through health care coverage for the whole population free of charge at point of access; universal free provision or vouchers for basic levels of water, electricity, gas, housing, food, mobility, education.

5. Guaranteed livelihoods

Ensure everyone has the means for decent living, for instance through income and/or job guarantees, redistribution of employment through working-time reduction.

6. Fair distribution

Create more equal societies nationally and globally through a fair distribution of resources and opportunities. E.g. more progressive and environmentally orientated income and wealth taxation; public/common ownership of key resources and infrastructure.

7. Better democracy

Ensure effective, transparent and inclusive democratic processes at all levels; end regulatory capture from corporate interests and corruption.

8. Wellbeing economics organisations

Prioritise in all businesses and organisations social and ecological goals; implement circular economy principles to minimise resource use and waste; ensure economic and organisational democracy.

9. Cooperation

Ensure cooperation and solidarity at all levels, including in international politics and the global economy; across industrial sectors and government ministries; across scales (global, national, regional, local).

10. Public control of money

Introduce public and democratic control of money creation. Spend newly created money on investments that promote social and environmental goals and avoid post-recovery austerity.

What does building back better look like in practice?

There are already great examples around the world of governments starting to employ these principles.

The city of Amsterdam has sped up the adoption of a doughnut economics framework in response to COVID-19 to guide decision making.

New Zealand, Iceland and Scotland are already implementing wellbeing economics principles, through the formation of the Wellbeing Economy Government group, and wellbeing budgets and decision-making frameworks. These countries have also achieved better outcomes in dealing with the COVID-19 crisis.

Of course, other decision makers are opting for business-as-usual, what the WEAll Briefing paper calls a “back to worse” approach. Notably, several governments, including in the US, UK, Australia, Sweden and Denmark have bailed out airlines, without environmental conditions in response to COVID-19.

Download and read the paper for more examples under each of the ten principles of Build Back Better and Back To Worse approaches.

“Building back better” will require great creativity and coordination. Concerted effort is needed to truly value wellbeing and ecological sustainability simultaneously and for all.

New ideas are a crucial ingredient for such an endeavour. We’ve suggested the ten principles above for responding to COVID-19 – and we recognise that this is a unique moment of change. So, we invite you to engage in this discussion as we work to build back better together. Comment below with further suggestions of principles and examples for what this means where you are.

The Wellbeing Economy Alliance and the Poverty Alliance have today written to Scotland’s First Minister Nicola Sturgeon, urging her to task the recently appointed Advisory Group on Economic Recovery with putting social justice at the heart of their work.

The full text of the letter is below:

 

Dear First Minister,

Economic Recovery and Covid-19

Since the start of the Covid-19 crisis, we have witnessed in action the values that we all share. We have seen the compassion, kindness and solidarity that will be required to make it through this crisis.

But we have also seen that our economy is failing to live up to these values. Our social security system and labour market have failed to protect too many of us: particularly women, disabled people and people from black and minority ethnic communities.

It is clear that as we move through and beyond the current phase of the crisis, we must commit to redesigning our economy and systems to better reflect our shared values of compassion and justice. Instead of returning to the economy we had going into the Covid-19 crisis, we must build back better by creating a wellbeing economy that puts our collective wellbeing first.

We therefore welcome that the Scottish Government’s Covid-19: framework for decision making recognises the need to look at the “social and economic reforms necessary to achieve the best future for Scotland” and commits not to repeat the mistakes of austerity. This commitment is most welcome but must be made real. In the months ahead we urge you to maintain your ambitious climate agenda to ensure the post-Covid-19 economy is a sustainable one, and to ensure it is socially just we urge you to prioritise:

  • Building a labour market that works for everyone: Too many people, particularly women and younger people, are trapped in poverty by low-paid and insecure work. Fair Work has been central to the Scottish Government’s approach to labour market policy, but more must be done to make it a reality for workers in Scotland.
  • Designing a more just taxation system: While this crisis is impacting every person across the country, the disproportionate impact on people on low incomes has highlighted the very real consequences of our deeply unequal society. It cannot be right that the wealthiest 1% of households in Scotland own more wealth than the poorest 50% at a time when almost 1 in 4 children are living in poverty. We must inject justice and fairness into our taxation system.
  • Securing adequate incomes for all: We have seen positive steps taken by the Scottish Government as it has started to deliver social security assistance. However, Covid-19 has highlighted that this support must not only be dignified, but should help deliver an adequate income too. The Scottish Government must use its powers creatively and to their fullest extent to ensure that our social security system can keep any one of us afloat during difficult times.

Even at this moment of crisis we must begin the task of investing in a better future, to ‘build back better’, with every policy decision we make helping us move towards a just society that’s in step with our values.

We must not return to the pre-Covid 19 economy that locked so many people into poverty.

The Advisory Group on Economic Recovery must not, therefore, simply seek to replicate the unsustainable and unjust economy that went before. Instead, it must focus on the steps we can take to create an environmentally sustainable economy that ensures a just distribution of income and wealth. We urge you to task the recently appointed Advisory Group on Economic Recovery with putting social justice at the heart of their work. In doing so the Advisory Group should liaise with the Poverty and Inequality Commission and the Just Transition Commission and collaborate with existing Wellbeing Economy Governments (WEGo) partners to show leadership in creating a wellbeing economy.

This time calls on us to reflect on the kind of country we want to live in. We believe in a Scotland in which wealth is justly distributed, our life chances are not determined by how much we earn, where our labour market guarantees Fair Work for every worker, and where everyone has enough money to get by. We hope you share this vision and will take the decisions in the weeks and months ahead to make it a reality.

We would welcome an early discussion with you regarding the role of the Advisory Group, as well as the broader concerns of our members regarding the long-term social and economic reforms we require.

Yours sincerely,

Peter Kelly, The Poverty Alliance
Dr Katherine Trebeck, Wellbeing Economy Alliance

 

To coincide with the 10 year anniversary of the publication of the Report by the Commission on the Measurement of Economic Performance and Social Progress, the Carnegie UK Trust is publishing a series of blogs which outline the approach taken to measuring and improving wellbeing by different governments, organisations and initiatives around the world.

 

 


By Kate Forbes, Cabinet Secretary for Finance, Scottish Government

Delivering wellbeing to the people of Scotland is embedded at the centre of Scotland’s National Performance Framework (NPF) and is key to the Scottish Government’s approach to the economy, which seeks to deliver wellbeing through sustainable and inclusive economic growth.

The goal and objective of all economic policy should be collective wellbeing. This broader approach is at the very heart of our Economic Strategy, published in 2015, which gives equal importance to tackling inequality as economic competitiveness.

A key limitation of traditional measures of the economy, most notably GDP, is that they are limited in what they can tell us about the distribution of income and wealth across society, the components of economic growth and whether that growth is sustainable for future generations.  Traditional measures of economic performance do not capture many of the drivers of wellbeing and the things that matter to people – for example health, living standards, quality of environment, security of employment, civic engagement and so on.

Sustainable and inclusive economic growth enables us to look beyond simple headline measures to consider outcomes across a broader range of performance criteria to allow for a more rounded assessment of the quality of our economic system and the distribution of economic opportunities across Scotland’s people and places.

Scotland, by putting wellbeing at the heart of everything we do, is on a journey and we have significant roads still to travel. There are other countries taking a similar approach to tackling some of the big defining challenges that the world currently faces. We know we can learn from international organisations and countries across the world, and share with them our experiences, which is why in 2018 Scotland and partners established the Wellbeing Economy Governments group, or WEGo as it is known.

In WEGo, the Scottish Government is working alongside Iceland and New Zealand – and in the coming year we expect to be joined by one or two new members – to promote sharing of expertise and transferable policy practices among governments who have a shared ambition of deepening their understanding of delivering wellbeing through their economic approach. Our countries have a lot of similarities but also face lots of different challenges. WEGo provides a forum to exchange ideas on our shared priorities and aims to move the idea of wellbeing economy from theory into practice.

A key activity of the group is the Economic Policy Labs, and the first of these were held in Edinburgh in May 2019. One of the areas discussed there was wellbeing budgeting. New Zealand published their first wellbeing budget in that month and their experience, and what we have learnt through our group, has informed activities both here in Scotland and in Iceland. Prime Minister Katrín Jakobsdóttir has set out that a wellbeing budget is being developed in Iceland. Here in Scotland, the budget that I presented to Parliament in February 2020 put wellbeing and fairness at its heart, prioritising actions that have the greatest impact on improving lives across Scotland now, and creating the conditions that are required to ensure wellbeing for future generations.

As Cabinet Secretary for Finance, I am keen to continue, both to collaborate with like-minded countries and to develop our own wellbeing budgeting approach for Scotland. Delivering the outcomes set out in the NPF should be at the centre of how we allocate and spend resources.

But building a wellbeing economy is not the role of government alone. Whilst governments should show leadership – and I believe the Scottish Government is already doing that, see the TED talk given by First Minister Nicola Sturgeon in July 2019 – individuals, businesses and organisations across our society have a big role to play. We are committed to working with all those seeking to advance the concept and the reality of a wellbeing economy, both now and in the years ahead.

Finally, as we see the impact of the COVID-19 pandemic globally and how it is changing people’s lives, what they value, how they work and interact with each other, a wellbeing economy framing with strong public services seems so obvious. Out of this crisis we will hopefully see a greater emergence of this approach in economies across the world.

Reposted from Carnegie UK Trust website

[vc_row][vc_column][vc_column_text]By Kristin Vala Ragnarsdottir

March 25, 2020

This week a friend and colleague sent this written dialogue to me: 

World: “There´s no way we can shut everything down in order to lower emissions, slow climate change and protect the environment.“

Mother Nature: “Here´s a virus. Practice.“

 

For decades, nations have taken up and practiced a globalised, neoliberal, market-driven economic system with focus on exponential economic growth through natural resource extraction, production with energy use and consumption.

Global natural systems are similarly in exponential decline and the climate is warming exponentially. Despite the 2015 UN Climate Agreement, global emissions were still rising exponentially in 2019.  Few people appear to have listened to physics professor Al Bartlett who often stated that „the biggest imperfection of mankind is that it does not understand the consequences of exponential growth.“  Interestingly, the late economist Kenneth Bolding stated: “anyone who thinks that endless growth in a limited world is possible, is either a madman or an economist.“  For the past decade I have asked university student groups and the public whether they can tell me the doubling time if they know the percent rate of increase, and in my memory only one engineering student knew the answer.

Enter the Covid-19 virus. A global pandemic is declared and in only a few weeks the world has ground to a halt, literally.  Varied civil protection measures for emergency management have been taken across the world, including closing borders.  Testing, isolating, quarantining, treating is the message from WHO. Some nations stepped in with social restrictions early, others later.  It appears that the aim of “flattening the curve“ of peak diagnosis per day so that the health care system will not be overwhelmed, appears to be working in some countries.

Meanwhile, in parallel, the economy has slowed down dramatically across the world.  World GDP growth is unlikely for 2020 and at the same time total levels of pollution and emissions are likely to decrease.

Like all of us, I am deeply saddened by the world health pandemic and feel for those who have already and will lose their loved ones. Since the beginning of this crisis I have, however, observed several positive outcomes for science, the environment and the economy – which we can all benefit from in the future:

  1. More and more people now understand the terms „exponential growth“ and „doubling times“. National government representatives report daily increase in diagnosed Covid-19 cases and how many days it will take the cases to double.  This understanding can in due time be used by address issues relating to both the environment and the economy.
  2. The importance of trust in scientific knowledge has increased. Even populist politicians are now listening to scientists. Dismissal of scientific evidence is thus out, science is in. Even my 8 year old nephew has come up with a Covid-19 virus treatment proposal, which he discussed with my son today who is a medical doctor and research scientist. It is likely that many children will aim to be scientists in the future, filling the current and imminent gaps of lack of scientists and engineers.
  3. Wellbeing of people is the top priority of many government and industry responses. Hi-tech firms from race-car producers to vacuum cleaner manufacturers are being asked to step in to develop and produce in record time ventilators for the overwhelmed health care authorities. Governments are also stepping in to ask companies to produce soaps and other sanitary products and pharmaceutical companies are working with government scientists to develop corona virus vaccines.
  4. Since I am in Iceland I would like to outline the government of Iceland‘s economic rescue package which was introduced last weekend. Before I do that I would like to emphasise that my government is a partner in WEGo (Wellbeing Economies Governments) in partnership with Scotland and New Zealand – all three nations lead by women.

The Icelandic stimulus package is in 10 parts and is a total of 230 billion Icelandic krona, 7.8% of national income. The focus is on Prevention – three actions to prevent job losses and business bankruptcies; Protection – three actions to support individuals and and families due to difficult circumstances; Economic push back – four actions to increase economic activity, goods exchange and investment.  These are further outlined below – and where appropriate are linked with the newly established wellbeing indicators (WBI) that are being implemented in Iceland. These are 39 indicators, 17 related to society, 7 related to the environment and 15 related to the economy.

Prevention:

1) Part time pathway – unemployment benefits for those who have reduced employment percentage.  This supports economic WBIs on employment rates, unemployment and low income rates

2) Bridging loans to businesses – support for businesses that have operational difficulties to take extra loans as well as reduction in banking taxes. This can be related to economic WBI on debt of business

3) Deadline for business tax payments delayed – delay in tax due date, as well as insurance due date, and delay in due date for prepayment of business income tax. This relates to economic WBI on government debt.

Protection:

4) Salary during quarantine – employers are compensated for the salaries of people who are in quarantine and cannot work remotely from home. This relates to economic WBIs on buying power and individual debt

5) Increase in child support payments – single extra child support payments to families of every child under 18 because of changed circumstances. This relates to economic WBI on lack of social of economic quality

6) Withdrawal of private pension savings – allowance to withdraw private pension savings for unrestricted use. This relates to economic WBI of purchasing power.

Economic push back:

7) Strengthening tourism – internal injection for tourism (electronic vouchers for every citizen to travel in Iceland), abolition of overnight hotel taxes, and international promotion of Iceland as a tourism destination as soon as the crisis is over. This relates to national income which is one of the economic WBIs.

8) Extension of „everyone works“, refund of value added tax for home improvement and that of NGO facilities. This relates to the WBI of percentage in employment and unemployment.

9) Easier import/export – cancellation of import tax and delay in deadlines for paying customs fees. This relates to economic WBI of purchasing power.

10) Investment efforts – increase jobs in building and maintaining infrastructure, support business innovation, and accelerating planned investment for the future. This relates to economic WBI of percent employed and unemployment.

This quick analysis of the economic stimulus package of the Icelandic government can be directly related to 8 out of 15 economic WBIs.  None of the social or environmental WBIs can be directly related to the package. For the environment WBI a focus on accelerating land reclamation and tree planting and increasing nature protection would both create jobs and improve wellbeing for people and nature.  A focus on supporting remote education and would affect social WBI pertaining to education level and continuing education.

The Icelandic government has already started to think about the long term even as it deals with this short term crisis, thanks to its wellbeing indicator framework: but there‘s much more work ahead. It is my hope that many of the lessons we learn during this Covid-19 pandemic will bring us closer together and that we can use lessons learned to both protect the environment and build economies with focus on wellbeing for people and nature.

Dr. Kristín Vala Ragnarsdóttir is Professor of Sustainability Science, Faculty of Earth Sciences at the University of Iceland. She is also a WEAll Ambassador and a member of the WEAll Global Council.[/vc_column_text][/vc_column][/vc_row]

The BBC has done an in-depth report on Iceland’s ambitions to build a wellbeing economy as part of the Wellbeing Economy Governments initiative (alongside Scotland and New Zealand).

Watch the report here to learn some lessons from Iceland on how we can move forward:

Photo by Matt Hardy from Pexels

 

The government of Canberra in Australia has introduced a new 12-point wellbeing framework in order to “make Canberra an even more liveable city where our entire community can thrive.”

This encouraging step towards building a wellbeing economy is based on a broad understanding of wellbeing. The official government website act.gov.au/wellbeing explains the plans as follows:

“Definitions of wellbeing are typically broad and diverse, encompassing a wide range of areas that impact on an individual’s quality of life. Generally, having the opportunity and ability to lead lives of personal and community value – with qualities such as good health, time to enjoy the things in life that matter, in an environment that promotes personal growth – are at the heart of wellbeing.

When talking about individual wellbeing, we often speak to a person’s physical and mental health, the strength of connections they share with people around them, or their financial position. More expansive indicators of wellbeing can be a person’s relationship to their surroundings, such as their safety, their capacity to enjoy and live in harmony with the natural and built environment, or their ability to be mobile in their community. These aspects of wellbeing are not independent of each other. They operate together and influence one another, creating complex relationships that are in turn shaped by an individual’s lived experience.

Our vitality as a city is the result of the various lived experiences across the community. Ultimately, feeling healthy and happy will mean different things to different people. Capturing all these aspects of a person’s lived experience can be inherently complex. Before attempting to measure the wellbeing of our community, we have spoken with and heard from thousands of Canberrans about what they feel is most important to their own, their family’s, and their community’s quality of life.”

Wellbeing flower

Find out more on the ACT government website here.

WEAll was honoured to be part of the All Party Parliamentary Group (APPG) on Limits to Growth at the UK Parliament this week.

Chaired by Green MP Caroline Lucas, and convened by the Centre for Understanding Sustainable Prosperity, the APPG provides a platform for cross-party dialogue on shared and lasting prosperity in a world of environmental, social and economic limits.

This session was the group’s AGM and it had a special focus on Wellbeing Economics. Professor Tim Jackson, a WEAll Ambassador, had prepared this briefing paper on tackling growth dependency.

The paper sets out a three-fold strategy for moving beyond GDP by: changing the way we measure success; building a consistent policy framework for a ‘wellbeing economy’; and addressing the ‘growth dependency’ of the economy.

In particular, the briefing recommends:

  • a determined effort to develop new measures of societal wellbeing and sustainable prosperity;
  • the full integration of these measures into central and local government decision-making processes;
  • the alignment of regulatory, fiscal and monetary policy with the aims of achieving a sustainable and inclusive wellbeing economy;
  • the establishment of a formal inquiry into reducing the ‘growth dependency’ of the UK economy;
  • the development of a long-term, precautionary ‘post-growth’ strategy for the UK.

A packed room of MPs and peers from all political parties was addressed first by Peter Schmidt, rapporteur to the European Economic and Social Committee’s (EESC) recent ‘own initiative opinion’ on The sustainable economy we need, then by Lisa Hough-Stewart, Communications and Mobilisation lead at WEAll.

Lisa focused her remarks on the need for new economic narratives, and the role of policy makers in helping shape those narratives. Explaining the work of WEAll and its members, she also gave details of the Wellbeing Economy Governments initiative (WEGo) which has Scotland, Iceland and New Zealand collaborating towards their shared goal of promoting economies based on wellbeing.

A robust and positive discussion followed the presentations, with clear interest in wellbeing economy ideas from all attendees and encouraging suggestions for driving the agenda forward at UK level.

Caroline Lucas has raised an Early Day Motion in Parliament in support of the findings on the EESC opinion, and the principles of a wellbeing economy. It is garnering support with more MPs across the political spectrum – you can view the motion here, and if you live in the UK, share it with your MP asking them to support it.

A new report from the Global Solutions Initiative strongly urges G20 countries to assess wellbeing and environmental metrics alongside GDP.

The organisation is a key advisor to the G20, and it has also developed a new Recoupling Dashboard which is intended to offer a new measurement of wellbeing beyond GDP.

The report state that there is an urgent need for all nations to use the dashboard to dramatically increase their focus on social prosperity, as a key tool in the fightback against growing political extremism across advanced economies.

In an exclusive interview with the Guardian to mark the launch of the report, Dennis Snower (President of Global Solutions Initiative) said: “The financial crisis of 2008 made all these issues much more salient. Lots of people are now saying ‘I’m sorry but this system sucks’.

“In addition to being materially prosperous, we need empowerment and agency – that is the ability to shape our destiny through our own efforts – and we need solidarity – that is we need to be embedded within our social circles.”

The new dashboard finds that Wellbeing Economy Government (WEGo) countries Iceland and New Zealand perform well, as does Finland. India, China and Mexico are among the worst performers, but the USA “dramatically underperforms its levels of GDP per capita”, according to the Guardian.

Its creators say that the dashboard “sheds light on the decoupling of societies and provides an empirical basis for mobilizing action in government, business and civil society to promote a recoupling of economic and social progress.”

 

Please see exclusive Guardian coverage of the report launch here

Find out more about the dashboard and report here

Ecological economics can help create the future that most people want – a future that is prosperous, just, equitable and sustainable.

Ecological economics (EE) is a transdiscipline. While it is difficult to categorise ecological economics in the same way one would a normal academic discipline, it can be characterised in general by its goals, worldview, and methodology.  The overarching goal is sustainable wellbeing of both humans and the rest of nature, with three broad sub-goals of sustainable scale, fair distribution, and efficient allocation of resources.

An exploration of what ecological economics is and why we need it more than ever, is the opening chapter of a pioneering new book “Sustainable Wellbeing Futures: A Research and Action Agenda for Ecological Economics.” Authored by the book’s editors Robert Costanza, Jon D. Erickson, Joshua Farley, and Ida Kubiszewski, the article sets out how the ecological economics worldview includes an interdependent, co-evolving, complex whole system perspective of economies embedded in societies embedded in the rest of nature.

In the foreword to the book, Professor Jacqueline McGlade reflects on the wellbeing economy movement and where it must go next:

“The first global political manifestation of a shift towards wellbeing economies becoming mainstream emerged in 2018, with the decision by the leaders of Scotland, Iceland and New Zealand, to form the Wellbeing Economies Group. Their goal is to implement economic policies with the objective of delivering the collective wellbeing of their nations, looking at how happy the population is, not just how wealthy it is, creating fair work that is well-paid and based on worthwhile and fulfilling work, and which values a transition to longer term sustainability.

Sustainable Wellbeing Futures provides the robust and well-articulated body of knowledge that these national endeavours will need.

The ideas that Sustainable Wellbeing Futures brings to life have been borne out of thousands of hours of discussions about the multiple aspects of wellbeing and ecological economics. Shortcomings have been probed and examined and answers found. The importance of this book is that it provides solutions and examples of how we – as individuals, organisations, governments – can work together to turn the tide against the destructive changes in our world. These examples should give us hope and inspiration. We should also take encouragement from the volume itself; it is heartening to see so many leading researchers and thinkers working together to provide a coherent, multidisciplinary voice, stating loud and clear what is happening and how we can deliver our future wellbeing.”

This forward-thinking book lays out an alternative approach that places the sustainable wellbeing of humans and the rest of nature as the overarching goal. Each of the book’s chapters, written by a diverse collection of scholars and practitioners, outlines a research and action agenda for how this future can look and possible actions for its realisation.

Over the coming weeks, WEAll will be highlighting some of these ideas by sharing short abstracts from each chapter. It is due to be published in May 2020 – find out more and order a copy here.

 

 

 

WEAll Scotland’s Wealth of Nations 2.0 event, held in Edinburgh last week, didn’t just energise the packed out room – it generated buzz across Scotland and beyond about wellbeing economy ideas.

Scotland’s First Minister Nicola Sturgeon delivered a groundbreaking speech where she declared that Scotland must “redefine what success means as a nation”, and endorsed the approach of the Wellbeing Economy Alliance. Along with Iceland and New Zealand, Scotland is leading the pioneering Wellbeing Economy Governments initiative. You can read the full text of her speech here.

Sturgeon’s words, and the messages of the conference, generated extensive media interest. Here’s a roundup of the coverage so far:

Have we missed some coverage? Share links in the comments below!

Photo by brotiN biswaS from Pexels

 

WEAll Scotland hosts its second large scale event – Wealth of Nations 2.0 – in Edinburgh today.

The conference will be addressed by Scotland’s First Minister Nicola Sturgeon and attended by experts and practitioners working to transform the economic system from across Scotland.

Ahead of her speech, Nicola Sturgeon has issued a clear statement that “wellbeing is as important as economic growth” and that Scotland must “redefine what success means”. Read about her commitment to building a wellbeing economy in this BBC coverage.

WEAll’s Katherine Trebeck has written in today’s Herald newspaper about the significance of the conference and the urgent need for governments and all of us to take action in order to transform the economic system. She says that “Scotland also has a role to play on the world stage, demonstrating that humanity can determine economics instead of the other way around.”

In The Times, Head of Oxfam Scotland Jamie Livingstone writes about the injustice of unpaid care, and why valuing caregivers should be a litmus test of whether we are succeeding in building a wellbeing economy. Oxfam Scotland is one of the key partners and sponsors of the Wealth of Nations 2.0 event. Earlier this week they launched important new research into the value of unpaid care in Scotland.

Keep up with the Wealth of Nations 2.0 event as it happens by following @WEAllScotland on Twitter. This page will be updated with further media coverage as it emerges.