It is time to base the economy on a more rounded view of human nature than that one that just considers individuals as selfish calculators of utility

The zero-sum game of competition for money and status that has gripped societies over the past 30 years have made their publics richer overall and given them longer lives of better quality. It has led to an embarrassing wealth of consumer goods. But it is also increasingly clear that the me-first model of modern economies is a big source of unhappiness. When life feels like a cut-throat contest each one of us is encouraged to chase income and rank. In a rat race improving one’s income causes others to feel dissatisfied with theirs. One person’s pay rise is another’s psychic loss. Envy spreads despair, encouraging workers to devote more time to making money than to family or community.

Such competition weighs heavily on national wellbeing. A slice of Britain seem to be losing hope; the lives of poorer citizens are unhappier than their richer peers in ways that simply having less money cannot explain. Our story revealing that private insurers refuse policies to people suffering even mild mental health conditions shows how those who...

Read full article on

About this site

Mental health is a level of psychological well-being, or an absence of a mental disorder; it is the "psychological state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment".