For economies, Umair said, move through three stages:
- Functional economy - Survival, subsistence
- Aspirational economy - Affluence, power, consumption
- Meaningful economy - Fitter, smarter, wiser
The solution, Umair suggests, is to try something radically different, to innovate and begin the transition from "opulence to eudaimonia".
Umair Haque on Twitter:
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This is part of my 31 (More) Days of #BIF7 blog series.