GDP Problems

Gross Domestic Product is “the market value of all final goods and services produced within a country in a given period”.

Prosperity, right?

Eh… According to that, car accidents are prosperous, as is cancer or heart disease.

And so is a fucking huge oil spill. People flooding to the area to clean it up increased activity for shops, restaurants, hotels, etc. How prosperous…

GDP measures economic activity — good and bad — not progress.