I propose that the current economic systems are antithetical to and resist the cultural transitions needed.
What I believe is needed is a transition to an economic paradigm based on wisdom. Wisdom embodies a way of being in the world based on an understanding of deep interconnection. Charles Eisenstein refers to this as “interbeing”. In this paradigm harm can never be externalized and thus wisdom not only seeks to do no harm, but benefit as many as possible while contributing to further connection. In this way, wisdom and discernment (meaning-making and sense-making) must be guided by relationships of love (other-orientedness) and humility (awareness of the tendency for self-deception). These virtues are not routinely considered in economics, yet most of us do not want to live in a world void of love, compassion or humility.
Education could be an ideal incubator space for the development of such wisdom economics.
For more on this, see Article Nine