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Gdp Quotes

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Gdp Quotes

“Just like how most if not all poor boys look up to and aspire to someday be rich men, most if not all underdeveloped and developing countries look up to and aspire to someday be developed countries.”

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Book:The Use and Misuse of Children
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“The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales.”

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Author:George Monbiot
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“It isn’t just the US: the half of the world’s population that lives in urban areas generates more than 80 percent of global output, while 600 cities that account for just one-fifth of the global population generate more than 60 percent of global output. Urban living is also healthier for the environment as it tends to involve less travel and smaller housing. Add to that the fact that urban dwellers are ideologically different from their rural counterparts: comparatively liberal, international, trade- and migration-loving, in favor of gender equality and gay rights, environment-defending, and open-minded in matters of religion. The city is progressive—and it’s where progress happens.”

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Book:The Plague Cycle: The Unending War Between Humanity and Infectious Disease
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“We have a tendency to describe capitalism with familiar, well-worn words like ‘markets’ and ‘trade’. But this isn’t quite accurate. Markets and traders were around for thousands of years before capitalism, and they are innocent enough on their own. What makes capitalism different from most other economic systems in history is that it’s organised around the imperative of constant expansion, or ‘growth’: ever-increasing levels of industrial extraction, production and consumption, which we measure as Gross Domestic Product (GDP). Growth is the prime directive of capital. Not growth for any particular purpose, mind you, but growth for its own sake. And it has a kind of totalitarian logic to it: every industry, every sector, every national economy must grow, all the time, with no identifiable end-point.”

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Book:Less Is More: How Degrowth Will Save the World
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“Work done off the paid job is looked down upon if not ignored. autonomous activity threatens the employment level, generates deviance, and detracts​ from the GNP...Work no longer means the creation of a value perceived by the worker but mainly a job, which is a social relationship. Unemployment means sad idleness, rather than the freedom to do things that are useful for oneself or for one's neighbour. An active woman who runs a house and brings up children and takes in those of others is distinguished from a woman who 'works,' no matter how useless or damaging the product of this work might be.”

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Book:The Right to Useful Unemployment: And Its Professional Enemies
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“Our standard of progress was conceived for a different era with different problems. Our statistics no longer capture the shape of our economy. And this has consequences. Every era needs its own figures. In the eighteenth century, they concerned the size of the harvest. In the nineteenth century, the radius of the rail network, the number of factories, and the volume of coal mining. And in the twentieth century, industrial mass production within the boundaries of the nation-state. But today it's no longer possible to express our prosperity in simple dollars, pounds, or euros. From healthcare to education, from journalism to finance, we're all still fixated on 'efficiency' and 'gains,' as though society were nothing but one big production line. But it's precisely in a service-based economy that simple quantitative targets fail... It's time for a new set of figures.”

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Book:Utopia for Realists: How We Can Build the Ideal World
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“Consider this thought experiment: if Portugal has higher levels of human welfare than the United States with $38,000 less GDP per capita, then we can conclude that $38,000 of America’s per capita income is effectively ‘wasted’. That adds up to $13 trillion per year for the US economy as a whole. That’s $13 trillion worth of extraction and production and consumption each year, and $13 trillion worth of ecological pressure, that adds nothing, in and of itself, to the fundamentals of human welfare. It is damage without gain. This means that the US economy could in theory be scaled down by a staggering 65% from its present size while at the same time improving the lives of ordinary Americans, if income was distributed more fairly and invested in public goods.”

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Book:Less Is More: How Degrowth Will Save the World
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“Upper-middle income and high-income nations – countries over the threshold of $10,000 per capita – could in theory deliver flourishing lives for all, achieving real progress in human development, without needing any additional growth in order to do so. We know exactly what works: reduce inequality, invest in universal public goods, and distribute income and opportunity more fairly.”

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Book:Less Is More: How Degrowth Will Save the World
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“Once we grasp the scale of national and global inequalities, then the narrative that seeks to cast GDP growth as a proxy for human progress begins to seem a bit tendentious – perhaps even a bit ideological. And by ideology I mean in the technical sense: a set of ideas promoted by the dominant class, which serves their material interests, and which everybody else has internalised to such an extent that they are willing to go along with a system they might otherwise reject as unjust. The Italian philosopher Antonio Gramsci has called this ‘cultural hegemony’: when an ideology becomes so normalised that it is difficult or even impossible to reflect on it.”

PoliticsEconomicsIdeologyInequalityGdpCultural Hegemony
Book:Less Is More: How Degrowth Will Save the World
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“Under capital’s growth imperative, there is no horizon – no future point at which economists and politicians say we will have enough money or enough stuff. There is no end, in the double sense of the term: no maturity and no purpose. The unquestioned assumption is that growth can and should carry on for ever, for its own sake. It is astonishing, when you think about it, that the dominant belief in economics holds that no matter how rich a country has become, their GDP should keep rising, year after year, with no identifiable end point.”

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Book:Less Is More: How Degrowth Will Save the World
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“The vast majority of major, collaborative infrastructure projects around the world have been guided by government policy and funded by public resources: sanitation systems, road systems, railway networks, public health systems, national power grids, the postal service. These are not the spontaneous outcomes of market forces, much less of abstract growth. Projects like these require public investment. Once we realise this, it becomes clear that we can fund the transition quite easily by directing existing public resources from, say, fossil fuel subsidies (which presently stand at $5.2 trillion, 6.5% of global GDP) and military expenditure ($1.8 trillion) into solar panels, batteries and wind turbines.”

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Book:Less Is More: How Degrowth Will Save the World
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“Today, nearly every government in the world, rich and poor alike, is focused single-mindedly on GDP growth. This is no longer a matter of choice. In a globalised world where capital can move freely across borders at the click of a mouse, nations are forced to compete with one another to attract foreign investment. Governments find themselves under pressure to cut workers’ rights, slash environmental protections, open up public land to developers, privatise public services – whatever it takes to please the barons of international capital in what has become a global rush towards self-imposed structural adjustment. All of this is done in the name of growth.”

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Book:Less Is More: How Degrowth Will Save the World
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“Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.”

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Book:Economics for everyone: a short guide to the economics of capitalism
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“The reductionist measure of yield is to agriculture systems, what GDP is to economic systems. It is time to move from measuring yield of commodities, to health and well-being of ecosystems and communities. Industrial agriculture has its roots in war. Ecological agriculture allows us to make peace with the earth, soil and the society.”

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Author:Vandana Shiva
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“You don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-growing countries should give you the highest return. They simply don't. But, there's only four of us- that- that believe that story. Everyone else in the world believes that if you grow fast like China, you'll outperform in the stock market.”

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Author:Jeremy Grantham
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“While we have put an utmost emphasis on Gross Domestic Products (GDP) as a barometer for the overall economy until now, we have not paid much attention in detecting a level of social welfare. We, as a member of the society, must now take steps to create an index to indicate other critical elements to be focused on in order to restore reliability of world statistics.”

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Author:Jose Angel Gurria
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“You won't be reading reviews of the dystopian sci-fi flick Aeon Flux in the papers today because it wasn't screened for the press-and, given that it cost the GDP of a small country and that Charlize Theron and the director, Karyn Kusama, are critics' darlings, this could mean but one thing: A stinker. A weapon of mass destruction. A planet-killer. Folks, I'll never understand studios. Aeon Flux is not that terrible.”

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Author:David Edelstein
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“It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.”

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Author:Charlie Munger
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“Ultimately, the current argument is "not having net neutrality will hurt innovation," and you can make that argument, but I would rather make the public good argument, which is not just about innovation or nurturing new companies that will add to the nation's GDP, it's actually about creating a democratic public sphere.”

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Author:Astra Taylor
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“We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.”

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Author:Bernie Sanders
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“To put it in context, the federal government was, at the beginning [of the Vancouver meeting], talking about a $15-per-tonne floor for carbon emissions. We're at $30 a tonne, so we're already double that. But our economy is growing at a faster rate - three per cent of GDP is our projected growth in British Columbia.”

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Author:Christy Clark
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