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"Measuring progress with GDP is a gross mistake"
http://www.davidsuzuki.org/blogs/science-matters/2014/02/measuring-progress-with-gdp-is-a-gross-mistake/"...Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country. It measures everything in short, except that which makes life worthwhile."
We deserve better indicators of societal well-being that extend beyond mere economic growth. Many economists and social scientists are proposing such indicators. Some argue we need a 'genuine progress indicator', which would include environmental and social factors as well as economic wealth. A number of groups, including Friends of the Earth, have suggested an Index of Sustainable Economic Welfare, which would take into account "income inequality, environmental damage, and depletion of environmental assets." The Kingdom of Bhutan has suggested measuring gross national happiness.
Whatever we come up with, it has to be better than GDP with its absurd emphasis on endless growth on a finite planet."
We deserve better indicators of societal well-being that extend beyond mere economic growth. Many economists and social scientists are proposing such indicators. Some argue we need a 'genuine progress indicator', which would include environmental and social factors as well as economic wealth. A number of groups, including Friends of the Earth, have suggested an Index of Sustainable Economic Welfare, which would take into account "income inequality, environmental damage, and depletion of environmental assets." The Kingdom of Bhutan has suggested measuring gross national happiness.
Whatever we come up with, it has to be better than GDP with its absurd emphasis on endless growth on a finite planet."
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"Measuring progress with GDP is a gross mistake" (Original Post)
handmade34
Feb 2014
OP
JoePhilly
(27,787 posts)1. Did some one suggest GDP as a measure of "societal well being"?
Laelth
(32,017 posts)2. Hear, hear! k&r n/t
-Laelth
handmade34
(22,758 posts)4. David Suzuki
always gets it...
MisterP
(23,730 posts)3. even Miltie Friedman agreed (near the end) that wealth isn't osmotic
eallen
(2,955 posts)5. Endless growth?
Assume we came up with some numerical measure of societal progress that was widely accepted. Would we want it to grow year over year, as we hopefully make progress in a variety of ways?
If not, are we accepting that things now are as good as they're every going to be? No looking forward to a cure for cancer? No hope that in ten or twenty years there are new doodads and gizmos that people then think they couldn't imagine living without, the way we now can't imagine giving up our cellphones?
But if we expect it to increase, isn't that an "absurd emphasis on endless growth on a finite planet"?