Under the current system in 🇦🇺, social costs such as the health individuals, homelessness, the mental health crisis, housing inflation, & ecological costs such as emissions, pollution, habitat loss, over-extraction of water, & soil degradation are all too easily ignored or worse,
https://twitter.com/KirstiMiller30/status/1445736357796536323
celebrated as a positive component of Gross Domestic Product (GDP), wrongly conflating GDP growth with success.
GDP does not measure well-being. It says nothing about the distribution of wealth, the health & happiness of the people, nor their quality of life.
Neither does it measure the state of our environment, which after all, is our life support system, the very foundation of our economy and of our existence.
We all need to Challenge the continuing reliance on GDP as our prime performance indicator.
An economy working against nature is an economy working against itself, and therefore will become increasingly unproductive, inefficient and perilous.
The never-ending pursuit of GDP growth, which underlies the governing parties’ economic strategies, is promoting a dangerous disregard for ecological consequences.
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