Sky_Blue_Dreamer
Well-Known Member
I've said for a long time that we need to both broaden the metrics by which we measure success from being pretty much solely economic and broaden the economic metrics we do use.How can a government on the one hand blame inflation on things outside of their control and then make a commitment to reduce it by 50%
What does 'grow our economy' really mean? Household incomes are a much more important metric and they do not necessarily follow growth in GDP. I wish governments of all outstanding persuasions would stop going on about it.
What good does reducing the national debt do? Explain who benefits and how.
Growth rate is largely meaningless as it tells virtually none of the story. A few people getting ridiculously richer while almost everyone else gets poorer and yet it gets touted as success because there's 'growth'. Just for a start it needs median and modal incomes given as much priority as the mean, and increase/decrease in wealth disparity being considered as important (preferably more important) than growth.
But we all know the reasons why the current metrics are used even though they're bullshit - they're the ones that make things look better for those that already have a shitload of money.