The National Happiness Fund

Sounds like a Boris Johnson rhetorical idea but it is real in South Korea – and they have undertaken (rather timidly to me – but it is at least a start) to write off some long term outstanding debt:

I think Britain could at least set out to establish a ‘National Happiness Fund’ – it would certainly make a change from the everyday cruelty of Universal Credit Sanctions.

And it might even help us to make lives better, partially at least, in the Covid unemployment crisis that is now upon us.


    1. Peter May -

      Thanks for the link – I’m sure you’re right about not being too unequal. I thought that a National Happiness fund was a lovely idea and it’s a pity that I cannot see this government starting one anytime soon. Really it goes to the core of what government is for.

  1. Andrew Dickie -

    South Korea is ahead of us, and Bhutan is ahead of South Korea by 12 years, since Bhutan

    “Gross National Happiness is instituted as the goal of the government of Bhutan in the Constitution of Bhutan, enacted on 18 July 2008.”


    Interestingly, the objective was supported from the very top of Bhutan, as shown here:

    The phrase ‘gross national happiness’ was first coined by the 4th King of Bhutan, King Jigme Singye Wangchuck, in 1972 when he declared, β€œGross National Happiness is more important than Gross Domestic Product.”

    (A quote from Oxford Poverty and Human Development Initiative, at

    1. Peter May -

      Bhutan was a far away country of which I knew nothing – I know rather more now! Interesting and thank you.

    1. Peter May -

      Agreed. But you can see it is such an alien concept in today’s world that at the end of the video they have to ask a question about whether writing off debts encourages people to be irresponsible!

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