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Monday, May 9, 2011

About GDP flaws

Here you can find some short and clear insights about GDP flaws in prosperity measuring and about The Genuine Progress Indicator (GPI) implementation instead.

  • GDP TREATS CRIME, DIVORCE AND NATURAL DISASTERS AS ECONOMIC GAIN
  • GDP IGNORES THE NON-MARKET ECONOMY OF HOUSEHOLD AND COMMUNITY
  • GDP TREATS THE DEPLETION OF NATURAL CAPITAL AS INCOME
  • GDP INCREASES WITH POLLUTING ACTIVITIES AND THEN AGAIN WITH CLEAN-UPS
  • GDP TAKES NO ACCOUNT OF INCOME DISTRIBUTION
  • GDP IGNORES THE DRAWBACKS OF LIVING ON FOREIGN ASSETS

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