Policy course module 4.3 What kind of case for a wellbeing economy do you think works best for policymakers in your local context?

This discussion space is part of the Wellbeing Economy Policy Design course, Module 4.3

Discussion question: Module 4.3 of the course described that there are different ways to make a case for a wellbeing economy, such as: a values-based case, an existential case, a democratic case, a fiscal case, an early investment or economic resilience case, or a visionary case.

What kind of case for a wellbeing economy do you think works best for policymakers in your local context?

Share your thoughts by clicking on the Reply button below.

If you can, please share the country or region that you work in, this helps provide context for other course participants.

Haven’t done the course yet? You can still join the conversation - or take the free Wellbeing Economy Policy Design Course here: https://wellbeingeconomycourse.org/

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Region: Southeast Michigan, USA

I went a little off course because it was hard to choose just one which those local to me would see the most benefit from. So… I did them all.

Values-based case: Treating households as a commodity to be traded and sold for profit has limited the available housing supply due to short-term rentals and corporate ownership of single-family homes. The increased costs of housing have caused housing costs to skyrocket and ownership amongst younger generations to fall. Changing how we view, own, and utilize housing by putting people’s wellbeing first can offer families and the following generations the ability to see homeownership not as a dream but as a reality.

Existential case: Extreme climate events such as drought followed by excessive rain has caused many staple crops to fail not only impacting food supply but farmer livelihoods. Implementing regenerative or sustainable farming practices have been shown to make crops more resilient to climate related events.

Democratic case: Polls have shown that citizens are becoming increasingly dissatisfied and untrustworthy of government. Educating people on how they can participate in local politics, introducing feedback mechanisms, and encouraging community involvement in decision making can bring the government back into alignment with the citizens.

Fiscal case: Destruction of natural ecosystems has forced wildlife into suburban and urban areas, upsetting businesses and homeowners. The government response to curb wildlife entry into human occupied areas has not only failed to solve the issue but also comes with a hefty cost. We can begin to address the source of the problem by considering the impact of the destruction of woodlands, marshes, swaps, and other natural ecosystems during decision-making processes.

Economic resiliency: Community gardens, natural lawns, and wildflower gardens are all expanding features within this region. Community gardens build food resiliency during times of financial hardship and taking stress off food production and supply chains. Natural lawns and wildflower gardens reduce water use, protect lawns against drought, provide food chains for local wildlife, and improve soil health and are efficient carbon capture devices.

Visionary case: Communities that engage with each other are often the happiest and are thriving. Wellbeing economy approaches which emphasize local supply chains provide a deep sense of community amongst its businesses, inhabitants, and suppliers. Building a world that’s more connected starts with bringing communities together through economic changes which benefit the wellbeing of the community and its people first and foremost. From farmers markets to breweries using local supplies.

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That’s fantastic, Acrissm. Such strong cases for why we need this transition. Thanks so much for sharing!

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Region: West Midlands County, England, United Kingdom

Our focus has been to establish a visionary case for wellbeing economy – in line with the informal roles that Mayoral strategic authorities play as a convener for their region.

The West Midlands is the largest city-region in the UK (after London), is a vibrant, cosmopolitan area made up of a constellation of towns and cities including the second city, Birmingham, plus Coventry, and Wolverhampton. It has a population that is highly ethnically diverse, and is amongst one of Europe’s youngest city-regions.

We have a definition of “Inclusive Growth” that has been adopted by the board of the West Midlands Combined Authority (WMCA). This has buy-in from across the political spectrum– it was led by the first Mayor of the West Midlands with support and buy-in from parties seen as being of the ‘left’ and of the ‘right’.

The definition of inclusive growth agreed by our Board is:

A more deliberate and socially purposeful model of economic growth - measured not only by how fast or aggressive it is; but also, by how well it is created and shared across the whole population and place, and by the social and environmental outcomes it realises for our people. (wmca.org.uk/inclusivegrowth)

While the language remains rooted in ‘economic growth’ and ‘green growth’ (in contrast to the wellbeing economy language which de-emphasises growth), this reflects us trying to find language that works for our policymakers. It is also our view that ‘growth’ itself can be redefined: just as people intuitively understand that “personal growth” cannot be reduced to one metric, we are interested in redefining ‘growth’ away from traditional metrics which “don’t tell who is involved in creating growth, who is (and isn’t) benefiting from that growth, or which social and environmental outcomes (good and bad) result from that growth” – which helps brings our stakeholders together around a shared vision.

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That’s really interesting! Thanks so much for sharing, Si! It’s great how you’re finding ways to open up the conversation about growth, asking who are involved, who is and isn’t benefitting, and the social and environmental impacts it will have.

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Thanks so much for sharing this, I find your perspective on reframing growth itself really interesting (and pragmatic)

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