I’d bet at a certain point of societal development economic growth is linked with many positives. Unfortunately, we probably adopted it as our only metric and the min/max’ers have taken it to its most extreme. Now when we look at the data we are way outside the range where it’s a useful indicator. Our targets are too high and we need to monitor other indicators of prosperity.
I’d bet at a certain point of societal development economic growth is linked with many positives. Unfortunately, we probably adopted it as our only metric and the min/max’ers have taken it to its most extreme. Now when we look at the data we are way outside the range where it’s a useful indicator. Our targets are too high and we need to monitor other indicators of prosperity.
The wealthy have certainly reinforced growth as the ultimate metric.
So far as it represents human toil, yeah, it’s good. It’s not that anymore, though.