It's Time to Replace Gross Domestic Product (GDP)

We Need a Smarter Economic Measure to Support a Better Future


Economy

Key Problems with GDP:

  1. Ignores income and wealth inequality

  2. Fails to account for environmental damage

  3. Counts harmful activities as positive economic growth

  4. Ignores unpaid and informal labor

  5. Short-term focus on growth over long-term sustainability

  6. No measure of well-being, happiness, or life satisfaction

  7. Overemphasizes consumption and debt-driven growth

  8. Rewards quantity over quality

  9. Fails to reflect economic security and resilience

  10. Encourages government policies that prioritize growth at all costs


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