Economic growth: A gross deceptionPosted: April 16, 2011
Economic Growth is focussed upon as THE measure of national wellbeing when it is merely a measure of the value of all the goods and services produced in a country that overlooks:
– What those goods are
– Who bought them
– How useful they are
– How they were produced and at what cost
– or The environmental expense of producing them.
Wouldn’t it be better to judge national well being by whether fewer people than last year were homeless, hungry, unhappy, ill, unfullfilled or under stress?
An ideal system would subtract all the costs of expansion from the benefits in order to find out what and where progress had been made.
This would reveal that a great deal of our “growth” has a higher cost than benefit.
See the follow up to this video entitled Distribution of Wealth here:
The above information is thanks to the below: