Date: 2024-06-30 Page is: DBtxt003.php L0900-SEES-how-it-works-01b
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HOW THE SOCIO-ENVIRO-ECONOMIC SYSTEM WORKS
NEGATIVES OF GDP GROWTH |
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WHAT IS GDP GROWTH GOOD FOR?
• GDP growth is good for corporate profits and the wealth of owners and senior managers. • Some aspects of GDP growth improve standard of living and quality of life ... but at what cost? | |
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WHAT IS GDP GROWTH BAD FOR?
• GDP growth has a multitude of bad outcomes • More and more pollution and CO2 emissions • More and more environmental destruction • More and more consumer junk • More and more use of natural resources | |
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WHAT IS THE IMPACT OF FREE TRADE AND GLOBALIZATION?
• More economic activity in locations where workplace and environmental regulations are weak • More work for the world's low paid workers • Less work for better paid workers • More profit which is good for owners and senior managers | |
| THE SOLUTION TO ALL OF THIS IS TO USE BETTER METRICS AS AGGRESSIVELY AS GDP GROWTH HAS BEEN USED FOR THE LAST SEVERAL DECADES. |
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