We are at our best, as Liberal Democrats, when we have radical vision, challenge the status quo, AND have the plan to match.
Too few people in positions of power truly realise just how deep the failing of the current economy goes. It does not work for too many people.
But the question is not just what a new economy looks like, but how we unpick the old one and move forward.
This article outlines how the Liberal Democrats could construct and communicate a plan for a Wellbeing Economy in the UK. You can find more detail on each of the seven steps below published recently at Critical Mass for Sustainability.
The next stage of economics must be a transition to an economy judged not only by GDP, but by whether people can access care, find fulfilling and secure work, access a thriving local environment, afford a decent home, breathe clean air… all on a liveable planet.
A wellbeing economy matches our party’s deepest values: liberty, equality, community, democracy, and environmentalism.
Freedom, fairness, and equality of opportunity also cut across Liberal Democrat values and form the core of what a wellbeing economy could be:
- A platform and the freedom to live your version of a best life.
- Freedom in a fair society that works especially for the least advantaged.
- Genuine equality of opportunity, not just theoretical opportunity written in law.
That new economy needs a practical route from the current, complex, globally connected system to a better one, built from inside the institutions, incentives, and fiscal realities we have now.
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