image missing Date: 2021-10-17 Page is: DBtxt003.php L0900-SEES-how-it-works-01b


HOW THE SOCIO-ENVIRO-ECONOMIC SYSTEM WORKS
NEGATIVES OF GDP GROWTH
WHAT IS GDP GROWTH GOOD FOR?
 •   GDP growth is good for corporate profits and the wealth of owners and senior managers.
 •   Some aspects of GDP growth improve standard of living and quality of life ... but at what cost?
WHAT IS GDP GROWTH BAD FOR?
 •   GDP growth has a multitude of bad outcomes
 •   More and more pollution and CO2 emissions
 •   More and more environmental destruction
 •   More and more consumer junk
 •   More and more use of natural resources
WHAT IS THE IMPACT OF FREE TRADE AND GLOBALIZATION?
 •   More economic activity in locations where workplace and environmental regulations are weak
 •   More work for the world's low paid workers
 •   Less work for better paid workers
 •   More profit which is good for owners and senior managers
THE SOLUTION TO ALL OF THIS IS TO USE BETTER METRICS AS AGGRESSIVELY AS GDP GROWTH HAS BEEN USED FOR THE LAST SEVERAL DECADES.
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