Right now, governments obsess over GDP growth like it’s the only thing that matters. But what does GDP actually measure? Essentially, GDP is a measure of monetary transactions in society. The assumption of economics is that if more money floats around the world gets better. Below is a few examples of why this is not the case:
🌍 More oil spills = GDP goes up (because cleanup costs money).
💊 More sick people = GDP goes up (because of medical bills).
🏦 More financial speculation = GDP goes up (even if it’s just rich people making money off money).
🚫 GDP doesn’t measure well-being. It doesn’t measure justice. It doesn’t measure sustainability. It doesn't measure care work. $1000 of healthcare and $1000 of arm sales to Israel for the genocide in Palestine are the same thing as far as GDP is concerned.
✅ This policy is about ditching GDP and using indicators that actually reflect social and ecological health.