“UC Berkeley economist Clair Brown argues for an economic system based on altruism, sustainability, and a meaningful life. Because even economics is about more than money….
“In Buddhist economics, happiness is defined by the concept of interconnectedness. All people, all beings, are interdependent with each other and with nature. Happiness comes from making sure people lead comfortable, dignified lives and interact with each other and nature in a meaningful, caring way.
“In Buddhism, we honor and protect nature and recognize that we’re interdependent with it. To a Buddhist, the idea that we would go beyond earth’s capability to nurture all beings—not just humans, but all beings—is unthinkable. We care enormously about the health of nature and its ability to last for future generations, and also for all species. The difference from the free market view is like night and day.
“That’s why we need to rethink the measures of economic performance. What’s prosperity? What’s our quality of life? It’s not consumption. It’s the Buddhist concept of inner and outer wealth, in which even outer wealth includes so much more than what we buy and consume. And inner wealth is, of course, extraordinarily important for our happiness and wellbeing.”
Read the full story by Melvin McLeod….
Photo: Yash Raut on Unsplash