Pelaxed: Difference between revisions

While economic commentators tend to see stagnation as a negative phenomenon, qualitative studies conducted in Pelaxia show the opposite. There was a measurable increase in life satisfaction during the past three decades. Conversely, during the period of rapid growth in asset prices, no evidence of increased well-being was found in relation to that growth. This is partly due to the asset bubble being a driver for economic inequality, whereas the decades following the bubble's collapse have seen more economic equality and increased social spending by the government and left leaning policies such as the reorganization of the economy into a predominantly cooperative economic model.

The lessons from Pelaxia align with concepts such as degrowth or qualitative metrics like [https://en.wikipedia.org/wiki/Gross_National_Happiness GNH], which suggest that economic growth is not necessarily an appropriate metric for measuring the success and wellbeing of a society.

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