Penelope
Diamond Member
- Jul 15, 2014
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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
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