Why We Should Abolish the GDP

[Penelope]

genuine progress indicator (GPI) is a better indicator, a high GDP does not indicate the welfare of the people, and the GDP is not sustainable, sooner or later you run out of raw materials and most of us are not Bill Gates who makes more money during a nap that most of us make in a lifetime. China's trade with S. American, which the S. Americans though would produce jobs, China just took their natural resource and brought them to China and put their people to work, and now areas of S. America do not have natural resources or jobs.

Why We Should Abolish the GDP

In America, many states are finding new, more holistic measures of progress. Already, Maryland, Oregon and Vermont have begun using the genuine progress indicator (GPI).

GPI takes into account 26 social, economic and environmental indicators. These include financial factors such as inequality and the cost of underemployment. But GPI also considers the cost of pollution, climate change and non-renewable energy resources. And it explores the possible social impacts, such as the cost of commuting and crime.

States that calculate GPI often find that while they perform well economically, environmental and social indicators lag. The GDP/GPI comparison below reflects a large and growing "well-being gap" in our development since the 1970s: We are growing in our national output and consumption, but the growth is not improving our well-being as a society.

http://www.huffingtonpost.com/sean-mcelwee/why-we-should-abolish-the_b_5469469.html

 

[RodISHI]

A link in the first article. If you're happy and you know it ... let the government know

I don't think the government can make people happy. It can though start looking at the disasters that it has helped create through deregulation in certain areas, heavy handedness and over regulation in other areas. Using anyone's precepts with an extremely limited view, tunnel vision or an agenda cannot accomplish that goal.

 

[Ringel05]

Soooooo instead of living in the real financial world some want to create a politically contrived, unrealistic, socialistic fantasy bubble as a measure. Not surprised at the states that are already doing it.

 

[IcebergSlim]

GDP is just a measure.....one of many......

It's the extent to which it is prioritized which is the problem....

 

[pinqy]

genuine progress indicator (GPI) is a better indicator, a high GDP does not indicate the welfare of the people, and the GDP is not sustainable, sooner or later you run out of raw materials and most of us are not Bill Gates who makes more money during a nap that most of us make in a lifetime. China's trade with S. American, which the S. Americans though would produce jobs, China just took their natural resource and brought them to China and put their people to work, and now areas of S. America do not have natural resources or jobs.

Why We Should Abolish the GDP

In America, many states are finding new, more holistic measures of progress. Already, Maryland, Oregon and Vermont have begun using the genuine progress indicator (GPI).

GPI takes into account 26 social, economic and environmental indicators. These include financial factors such as inequality and the cost of underemployment. But GPI also considers the cost of pollution, climate change and non-renewable energy resources. And it explores the possible social impacts, such as the cost of commuting and crime.

States that calculate GPI often find that while they perform well economically, environmental and social indicators lag. The GDP/GPI comparison below reflects a large and growing "well-being gap" in our development since the 1970s: We are growing in our national output and consumption, but the growth is not improving our well-being as a society.

http://www.huffingtonpost.com/sean-mcelwee/why-we-should-abolish-the_b_5469469.html

The GDP is not meant to be a measure of individual welfare. Nor is the idea that growth cannot be infinite a problem with the GDP. So the criticism seems to be that the GDP doesn't measure things that it wasn't designed to measure. I hardly think that's reason to abolish it.

 

[EdwardBaiamonte]

genuine progress indicator (GPI) is a better indicator, a high GDP does not indicate the welfare of the people,l

dear, nobody ever said GDP was the only indicator so your assumption was stupid. GINI index etc etc has been around a long long time.

 

[EdwardBaiamonte]

and the GDP is not sustainable, sooner or later you run out of raw materials

dear, that's what liberals said when whale oil ran out 150 years ago and when PA ran out of fossil oil 100 years ago. Today that world supports 7 billion people at a higher average standard of living than ever in human history and we have just discovered that the earth is made of oil and gas, and that we can largely replace it with electricity whenever we want.

So now you know that when a liberal tricks you into thinking that the govt must take over the economy to protect and distribute our limited resources that they are simple stupid liberal liars.

Do you understand??