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360info
360info
Business
Katherine Trebeck, University of Edinburgh

The economy doesn't have to only benefit the rich. Here is how

We live in a wasteful society — many of us consume heavily in ways that exploit people at the end of the supply chain. Those with more resources hold more power, and it is those same people who have caused much of the destruction of our environment.

Introducing a wellbeing economy that considers the changes needed to deliver equitable benefits can help shift beyond an economy that benefits the few to an economy that can benefit us all, while cherishing our planet.

A 2022 Guardian poll found 58 percent of respondents believed Australia's economic system is "broken" and "the government needs to make fundamental changes to sort it out".

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