Is continual economic growth the key to wellbeing?  Blogger, Tony Wellington, in his post, Prosperity May Not Be Happiness Key, says No.  Indeed he suggests that negative events, such as the Great Depression, and even the 911 terrorist attack, DID NOT lead to a downturn in mood, but rather to an increased sense of well being. People had to unify and struggle together which gave their life meaning. We are happier, he says, when we unite around a sense of purpose.

People bond with each other at times of threat.  This bonding, he argues, is the stuff of happiness.  In other words, once basic needs are met, relationships and a sense of community are a greater source of happiness and well-being than is money alone. It is not just money or social bonding that makes for greater happiness, it is both.   

Indeed research has shown that families of wealth are more likely to maintain their wealth, when they provide community service.  My very favorite example of this kind of business is "Newman's Own," developed by the late Paul Newman.  All profits go to charity.  He has funded numerous camps for children suffering from terminal illness.  As his business continues to expand, his legacy continues to grow. He has triggered our social conscious. Research shows that consumers are more likely to spend money on businesses that have a charitable outreach than a business that focuses on profit alone. 

Negative events, such as the downturn in our economy, do not need to be a threat. Instead, they can be a stimulus for growth. We can empower ourselves and gather our resources to develop business structures that better meet the needs of all.   Rather than one or the other, it can be both.  Now, isn't this much more attractive?

Warmly,

Dr. Alice