WEAll Wales gets underway with policy recommendations for a wellbeing economy

The newest WEAll place-based hub is developing quickly in Wales, with seasoned campaigner Duncan Fisher taking the lead on pushing for a wellbeing approach to economics.

Wales’ devolved Assembly is already world-leading in its approach to intergenerational justice, having appointed a Future Generations Commissioner and enacting a Future Generations Act in 2015.

Now, Duncan argues in the first of a series of policy-focused articles for the Institute of Welsh Affairs (IWA), it is time ” for wellbeing economics to be made the lynchpin of economic policy in Wales, replacing the central pursuit of growth.”

Duncan goes on:

“It is quite evident that fundamental system change is absolutely and urgently required and that there is a long way to go to achieve it but very little time. I believe that shifting to wellbeing economics is fundamental to such system change.

The purpose of these four posts is to float ideas and invite reaction and rapid discussion. The global organisation, Wellbeing Economy Alliance, provides an invaluable resource for discussions everywhere in the world. The Alliance has provided great help to me in composing these posts.

At the end of the series, after assessing the feedback to the first three pieces, I will float ideas for what more we could do in Wales to hasten the journey towards system change. The Wellbeing Economy Alliance stands by ready to help, connecting us with the best minds and activists across the world.”

Read Duncan’s full post on the IWA website here – we’ll be sharing his future posts when they’re published, too.

Image: VisitCardiff

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