Earlier quoted context omitted.
GDP is not a north star metric. GDP in the US is high and we have more suicides than ever. Many authoritarian (or especially populist) governments KNOW they will lower the GDP because by limiting low-wage labor immigration or focusing on nurturing a native culture or preserving the environment and not buying into a soulless consumerism/globalization they are creating a GDP cap. "growth for the sake of growth is the i…
It’s probably the closest thing we have to a North Star metric when evaluating a country. Everything that people desire is underpinned by GDP, and it isn’t particularly high anywhere on Earth.
That's a very extreme position. People desire more than what can be bought at the market.
https://www.theguardian.com/news/datablog/2012/may/24/robert...