GDP matters because almost 100% of people care about their economic well-being. Measuring happiness is more an obsession of certain “educated” people that think we should ALL care about it INSTEAD of money.
GDP matters first and foremost because economic growth has lifted more than one billion people out of extreme, grinding poverty.
Read more in my latest for @ProSyn:http://ow.ly/FOF750uNbzC
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Think Maslow's hierarchy in relation to income levels. As income goes from abysmal poverty up to U.S. $5000 and more, other things start to become more important. Depends on where you stand in the hierarchy. At $1000/year, all you care about is money (food).
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Actually, socialist CHINA -- i.e. a specific system -- has lifted all those people out of poverty. GDP? Yes, plays a role -- size matters -- but its what you do with what you have. OECD GDP growth played little if any role in poverty alleviation.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Yes. And sooo hated palm tree oil lifted millions from poverty in Asia. Hope people Think next time while complain about it...
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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