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Zack Polanski (Green Party of England & Wales) argues that GDP should be downgraded as a measure of political economic success; he is 'much more interested in growing people’s mental health, growing our public services, growing cohesion of our communities'....
While possibly a quixotic aim given the continuing centrality of GDP measure to political discourse, it *does* play to people's distrust of GDP as a plausible measure of their own economic experience(s).
#economics #politics
h/t FT
@ChrisMayLA6 I remember Julian Tudor Hart telling me that he’d never contributed to GDP as publicly funded services are counted as costs. His work on blood pressure saved, and is still saving, millions of lives. Marilyn Waring’s 1995 documentary gives an excellent critique of this method of accounting. Also, remember when our nationalised services gave much better service than we have now, and produced generations of youngsters with apprenticeships? Not counted in GDP. I’m with Polanski
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