madpierre06
Well-Known Member
Airgead said:Growth is measured in GDP which is a very skewed measure. All it measures is the amount of money moving. Not how much good its doing. Natural disasters like fires are good for GDP because people need to spend money to rebuild. People getting sick is good for GDP because they need to pay for healthcare (especially if they are old because then you don't need to count lost earnings).
The inventor of GDP as a metric said that it would be a really stupid idea to use GDP as the sole measure of an economy and yet here we are doing just that.
GDP has been increasing steadily since about 1945. On the other hand, measures like GPI (general progress indicator) have been going backwards since the 70s. More money moving (higher gdp)... less benefit from that (lower GPI).
Sucks eh.
Ahh, now I get it. The more or less you can access, the more or less you can move. Thanks for the clarification mate.