we re being hurt by the fixation on economic growth at all costs | larry elliott /

Published at 2017-11-30 08:00:21

Home / Categories / Economic growth (gdp) / we re being hurt by the fixation on economic growth at all costs | larry elliott
We own to challenge the tyranny of GDP – the metric that lists speculation,pollution and gambling as being good for the economyThere had never been anything fairly like the thick “pea-souper” fog that blanketed London 65 years ago. The wind dropped and the air grew damp. For five days, smoke from coal fires and power stations was trapped, or making it tough to breathe. For the frail and elderly what became known as the Great Smog was deadly. Initial estimates put the death toll at 4000.
The coal burned in the capital in 1952 turned the city into a deathtrap,but it was good for growth. It was cold and damp as well as foggy, and the more fuel that was bought, and the better it was for the economy.
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Source: guardian.co.uk

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