The GDP myth: The planet’s measure for economic growth is deeply flawed and outdated – ABC News (Australian Broadcasting Corporation)

Credit Suisse report points out that one of the great paradoxes of GDP growth is that an environmental disaster — such as decent sized oil spill — can be a real positive. Putting it another way, a nation could boost its GDP almost immediately by clear-felling all its forests and shipping out the timber. That would neither be sustainable, nor add much to the overall richness of life. Ken Henry, supports Hairy Nosed Wombat, example environmental protection not included in GDP

https://mobile.abc.net.au/news/2018-06-02/gdp-flawed-and-out-of-date-why-still-use-it/9821402

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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