We work too hard to produce too much stuff, and we’re destroying the planet in the process. An interview with Gabriela Cabaña, a doctoral student at the London School of Economics.
I didn’t mean to imply that GDP should be replaced with another single metric, and I totally agree that doing so just perpetuates the cycle. Instead, my argument is that GDP should no longer be used as a metric of success, because its use has been bastardized. When “the economy” is doing better because more transactions are being made while class inequality is worsening and standards of living are dropping, then the measurement used is flawed.
I didn’t mean to imply that GDP should be replaced with another single metric, and I totally agree that doing so just perpetuates the cycle. Instead, my argument is that GDP should no longer be used as a metric of success, because its use has been bastardized. When “the economy” is doing better because more transactions are being made while class inequality is worsening and standards of living are dropping, then the measurement used is flawed.