GDP is a fundmetally flawed measurement

The traditional measure of success in the developed world is fundamentally flawed.

Maintenance the Gross Domestic Product (GDP) as that measure is of particular interest to those who gather each month Beneath the Wisteria to consider individual and societal response to climate change.

GDP is clearly inappropriate in that it measures good and bad happenings, takes no account of costs to the environment and so when considered objectively is unsustainable.

The complete ineffectiveness of using the GDP to guide countries toward “success” has been discussed in a story headed: “Dethroning GDP as a measure of our progress” has been the subject of discussion on The Drum on the ABC.

Author, Tim Dean argues that it is time to move beyond GDP and adopt a more enlightened metric of our national progress.