Eudaimonia is a term the Greeks used to describe “a meaningfully well-lived life.” In this essay, Umair Haque wonders if the economy we have is providing this:

“Instead of an “energy industry,” I see a resource addiction that saps money and preserves self-destructive expectations. I see, instead of food and education “industries,” an obesity epidemic and a debt-driven education crisis. Instead of a pharmaceutical industry, I see a new set of mental and physical discontents, like rates of suspiciously normally “abnormal” mental illnesses and drugs whose lists of “side effects” are longer than the Magna Carta. Instead of a “media industry,” I see news that actually misinforms instead of enlightening — rusting the beams of democracy — and entertainment that merely titillates.”

But Mr. Haque thinks things are changing (and I hope he’s right):

“I believe the quantum leap from opulence to eudaimonia is going to be the biggest, most significant economic shift of the next decade, and perhaps beyond: of our lifetimes. We’re not just on the cusp of, but smack in the middle of nothing less than a series of revolutions, aimed squarely at the trembling status quo (financial, political, social): new values, mindsets, and behaviors, fundamentally redesigned political, social, economic, and financial institutions; nothing less than reweaving the warp and weft of not just the way we live—but why we live, work, and play.”