An economics of health for all

“The economy is not delivering the security and widely shared prosperity expected by large parts of our societies. Among the failings of the current economic model are rising inequality, financial instability, increasing personal insecurity, and slowing economic growth,” writes Martin Wolf in his new book The Crisis of Democratic Capitalism.1 To the failures that Wolf lists, we would add increasing health inequalities in many societies and the climate emergency.The current state of the world and the crisis of democratic capitalism provide ample reasons to be gloomy—if not panicked. But, ever hopeful, we see positive signs of change. COP27 may have fallen short of what is needed to achieve net zero greenhouse gas emissions, but the global community, at last, is taking the climate emergency seriously. The move to wellbeing economies is welcome. Six countries—Canada, Finland, Iceland, Scotland, Wales, and New Zealand—have formed the Wellbeing Economy Alliance, and the WHO Regional…
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