“Countries’ economies are driven by an obsession – continuous growth in the country’s Gross Domestic Product (GDP). And our manic obsession with never-ending economic growth is driving our planet to ruin.
The absurdity of this becomes clear with a little bit of thought. Never-ending growth that relies on extracting resources from a finite planet is, of course, a mathematical impossibility. But well before we reach that point, this obsession will render our planet uninhabitable.
GROSS DOMESTIC PROFIT
If our concern is the well-being of our citizens, is GDP the appropriate indicator of that?
GDP is defined as:
“… the market value of all officially recognized final goods and services produced within a country in a given period of time.”
This implies that a cleaning-up operation after an environmental disaster for example gives a boost to GDP.
Dan O’Neill of the Centre for the Advancement of Steady State Economics (CASSE) makes the point that many bad things – such as family breakdown, wars and environmental disaster – contribute to GDP, but good things, where no money is exchanged, do not — such as volunteering.
Research shows ….”[youtube://http://www.youtube.com/watch?v=bqz3R1NpXzM 450 300] Twitter