And the US is a key example when it comes to looking at how we have failed to transform wealth into well-being. While the US has achieved economic progress and an accumulation of wealth over the past half century, this has not resulted in an increase in happiness for the people. One of the reasons for this is inequality. If a country doubles in wealth but 90 percent of that wealth goes to the richest 10 percent, that is not growth. That is greed.

