What is an Equitable, Well-being Economy and why is it needed?
An equitable well-being economy is a living system. It rests on the basic goal of all people and places thriving together--with no exceptions. It is an economy that is just, regenerative, multiracial. It values all stakeholder interests. An equitable economy rebalances power. It provides what everyone needs to participate, prosper, and reach their full potential. A well-being economy provides opportunity for freedom, voice, power, ownership. It leads to a fulfilling life over generations for everyone. An economy that addresses inequities due to racism, colonialism and other discrimination creates the conditions for everyone to thrive together.
There are racial, place, and class-based wealth and health gaps in our economy. Racism and other discrimination cause inequalities in opportunities for people of color, women, and others. Where you live affects your access to education, jobs, and other factors that support your wellbeing. These inequities play a role in shaping the economy, society, and opportunity. A more equitable economy will improve health and wellbeing for all. It will ensure that all people have just opportunities for a fulfilling life over generations.