Post #657467
2026-02-16 12:07 UTC
“GDP is not an *arbitrary* metric of economic performance. It’s not as though it’s some kind of a mistake - an accounting error that needs to be corrected….It externalises social & economic costs because capitalism externalises social & economic costs. It’s naive to imagine that if policy makers stop measuring GDP, capital will automatically cease its constant pursuit of ever-increasing returns.”
From Jason Hickel’s Less is More, which should be required reading for every politician
#degrowth
Replies (1)
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@markhburton@mstdn.social 2026-03-15 16:08
@Simon318ppm@mastodon.sdf.org An important point. Emphasis on finding a better metric than GDP is misplaced. An analogy, replacing the LD50 measure of toxicity with one that measures the mean time to death. The poison problem remains.