The GDP Myth: Is LVT a Better Alternative for the AI Age?
Gross domestic product, or GDP, has been the most widely used measure of a country's economic performance.
But after reading Utopia for Realists by Rutger Bregman, I don't think we are talking enough about just how broken this metric is.
A citizen that is an ideal high contributor to the GDP: a compulsive gambler with cancer who's going through a drawn out divorce that he copes with by popping fistfuls of Prozac and going berserk on Black Friday.
...Oof.
In short… GDP is a metric that grows based on how much suffering our people go through.
LTV (land value tax) could be a better measure — from the 1800s, proposed by American writer and political economist Henry George.
Beyond that, I'm also mentioning Genuine Progress Indicator (GPI), Human Development Index (HDI), and Happiness Indices.
I'd love to hear from you in the comments.
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