The Forum > Article Comments > The growing divorce between GDP and the 'real' economy > Comments
The growing divorce between GDP and the 'real' economy : Comments
By Jonathan Rutherford, published 28/3/2017What I mean by 'real economic expansion' is the ability of the economy to deliver additional goods & services on a per capita basis in a way that is affordable over time.
- Pages:
-
- Page 1
-
- All
- Pages:
-
- Page 1
-
- All
Notice the unspoken assumption that the State is the instrument of “overall societal progress”? The author doesn’t identify, let alone justify, this ludicrous assumption.
“The trends above should rather shake us out of our slumber, and waken us up to the fact that, whatever the GDP figures tell us, we face ecological, social and energy limits to growth. “
Ho hum, another Malthusian. One of the interesting things about this primitive tribe is that they regard every accumulated disproof of their belief system as further proof that they must be right.
“We need to take our collective eyes off the GDP, and develop alternative indicators of progress but, more importantly, new ways of living involving much lighter footprints but which still enable a good quality of life for all.”
(He says, typing away on his computer made from plastics, metals and rare earths, and powered by coal-fired power stations. Why do the leftards always assume that their hypocrisy is not glaringly obvious?)
Three questions, Jonathon:
1. Who’s “we”?
2. Would it be voluntary?
3. What are the limits of legitimate government power?