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What's more interesting is to think of another metric - one that doesn't calculate economic growth differently, but measures something else entirely that isn't
by tunesmith 10y ago
What's more interesting is to think of another metric - one that doesn't calculate economic growth differently, but measures something else entirely that isn't so built around economic growth.
Depends on what you want to maximize, though. Income equality? Planet health? Life expectancy? Some sort of happiness index? Probability of becoming an interstellar species?
- randyrand 10y agoInterestingly, all those other metrics you listed are very tied to GDP and economic growth, which means GDP growth is a decent measure for all those other measures. Maximizing one is not the answer. We want to maximize all of them. And in that sense GDP is a great measure since it impacts all of them greatly. Even sustainability is linked to GDP growth. Green technologies are typically the most expensive, and we need growth so that we can one day afford them across the board.