1. Re-envision what we mean by ‘the economy’
What needs to happen?
Our conception of ‘the economy’ and what counts as ‘economic policy’ must change, to include the centrality of care, to recognise and value unpaid work as well as paid work, the importance of time as well as money, wellbeing as well as output of goods and services, ecological limits as well as human innovations.
How should things change?
Recommendations to all governments and local authorities across the UK:
- Recognise the economic value of unpaid work
- Monitor progress towards the creation of a caring economy using an aggregate wellbeing indicator
- Reimagine costs, efficiency and productivity so that social value, environmental value, wellbeing and unpaid time are taken into account, rather than only ‘market value’
- Assess all policies for their impact on people’s abilities to receive and provide care, both paid and unpaid
- Ensure that the impact of all economic policies on equalities is properly assessed and bold action is taken to mitigate any negative impacts
- Final CGEE report – Creating a Caring Economy: A Call to Action
- Executive Summary
- 1. Re-envision what we mean by ‘the economy’
- 2. Invest in social and physical infrastructure
- 3. Transform the worlds of paid and unpaid work
- 4. Invest in a caring social security system which is based on dignity and autonomy
- 5. Transform the tax systems across the UK
- 6. Refocus the overall fiscal and monetary policy framework to build a caring economy
- 7. Work to develop a global trade system that is socially and environmentally sustainable
- 8. Work to transform the international economic and financial system
- Commission Publications
- Inputs to the Commission
- Commission Media Coverage
- Commission Blog