A Wellbeing Economy will be very different from the current system, but we don’t think it is useful to define ourselves by being against “capitalism”, a concept that has very different meaning for very different people – for example:
Some people think about it as being about markets
Others think about it in terms of ownership and power.
In a Wellbeing Economy there will be markets, but less imbalances of power and ownership of economic activities.
We believe that a Wellbeing Economy includes:
a stronger role for workers in business ownership
cooperative business models
increased collaborative governance of common resources
a strong role for the state in providing essential services and ensuring high and adequate minimum standards for all.
WEAll is advocating a wholesale system change – but we need to identify those spaces where we can start to make progress towards another system.