Former California Governor Jerry Brown said something similar in the 70s; we need to not just focus on money income but psychic income. Growth that is meaningful to the individual and the society should be focused not just on economics but on spirituality, wisdom, and happiness.

And I, being somewhat naive, thought there was some chance that this might occur. Didn't happen and, if anything, we are farther from that ideal now than we were in the 70s.

Excuse me for being cynical, but as the financial shit hits the fan, people will become even more fearful and greedy and their brains will lose all capability of dealing with these problems in a manner that fully recognizes things like peak oil, climate change, the environment, and personal psychic growth.

Before you can build a new house, you need to tear down the old one.