Forum Post: The GDP is a horrible measure of economics ...
Posted 12 years ago on Nov. 24, 2011, 12:18 a.m. EST by aeturnus
(231)
from Robbinsville, NC
This content is user submitted and not an official statement
How much can the world take of unregulated growth?
Let's opt for the Genuine Progress Indicator.
GINI index is considered the best standard for income disparity, for over 30 years. Herman Daly has done some nice work on defining problems, but is very weak on practical solutions. I use GINI & GDP.
"The GDP is a horrible measure.."
RFK agrees: http://occupywallst.org/forum/the-sort-of-leader-we-could-embrace-i-think/
You are correct, the GDP only rates corporate economics--or Wall Street Economy and completely ignored Main Street Economy. It says volumes of what we are considered, doesn't it! What is with these time limits on comments anyway?