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Sure there are degenerate aspects captured by GDP. But at a macro level those seem unlikely to dominate the development. If GDP is increased by disposing nucl
by jopsen 8y ago
Sure there are degenerate aspects captured by GDP.
But at a macro level those seem unlikely to dominate the development.
If GDP is increased by disposing nuclear waste in international waters that's obviously bad. But generally speaking degenerate trends like that don't dominate economic development. I hope :)
- quadrangle 8y agoBetter perspective: https://www.weforum.org/agenda/2016/04/five-measures-of-growth-that-are-better-than-gdp https://www.weforum.org/agenda/2016/04/five-measures-of-grow... (note that World Economic Forum is far from some radical hippy organization) Another perspective: https://www.theguardian.com/commentisfree/2017/apr/12/doughnut-growth-economics-book-economic-model https://www.theguardian.com/commentisfree/2017/apr/12/doughn... There are simple places where growth necessarily means we're beyond some limit and causing more problems the more we grow. Growth is not the goal, the goal is well-being and health. Growth is only the goal when we're under the level that maximizes well-being and have room to grow before problems start getting exacerbated.