In line with an earlier observation here, Stewart Wallis of the New Economics Foundation got the attention of the financiers and government officials gathered in Davos for the World Economic Forum when he talked about the need to shift our priorities away from traditional measures of economic well being.  According to an article by Reuters, Wallis believes “the macro-economic text-books are works of fiction”.

(Wallis) addressed the assembled money-makers on the importance of “gross domestic happiness”, as opposed to gross domestic product.  His new economics aspire to demonstrate “real economic well-being” through sustainable living, a focus on the local, not the global, and a more equal distribution of wealth.

The explosive growth of global personal communication fosters a new, more holistic, perspective on life’s ultimate potential and allows people unprecedented visibility and access to the information necessary to integrate personal, social and business desires.

While this may initially be perceived by some as a rant against greed, in reality it is a measured argument for the world to aspire to the promise of universal achievement.

Bravo, sir.

Roger Farnsworth