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Is it time to end our fixation with GDP and growth?

Is it time to end our fixation with GDP and growth?
Monday 17
18:53 2019

Why are we so fixated on economic growth? Since the mid-20th century, economic growth has taken on a dominant position in the way practically every country arranges its affairs and priorities. Growth has become shorthand for increasing living standards. It often means more people in work and more companies in business. Its opposite, recession, normally means bankruptcies and redundancies. And so growth has become a holy grail for governments seeking re-election. But some people have benefited more from growth than others, despite global gross domestic product (GDP) growing by more than 5,000% since the 1960s. Inequality has boomed in advanced ...

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The Guardian : Is it time to end our fixation with GDP and growth?

Summary: Why are we so fixated on economic growth? Since the mid-20th century, economic growth has taken on a dominant position in the way practically every country arranges its affairs and priorities. Growth has become shorthand for increasing living standards. It often means more people in work and more companies in ...

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