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A Nobel-winning economist says it’s time to kill the GDP
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https://www.fastcompany.com/90435788/a-nobel-winning-economist-says-its-time-to-kill-the-gdp
Nobel-winning economist Joseph Stiglitz would like gross domestic product (GDP) to go the way of the pyramid inch and the Arabic mile. “The world is facing three existential crises: a climate crisis, an inequality crisis and a crisis in democracy,” he writes. “Yet the accepted ways by which we measure economic performance give absolutely no hint that we might be facing a problem.” He’s right! In the United States, GDP is on the upswing, yet Los Angeles burns regularly, and the U.S. president faces impeachment.
Joseph Stiglitz might be Yang Gang ;)
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