a little good news

[mellowtigger]

I've written here a few times over the years that I think GDP is a bad measure of the condition of an economy. I'm very happy to report that the United Nations apparently agrees with me and has passed a "Pact for the Future" (from their "Summit of the Future") which will try to leave behind this outdated mode of thinking.

From the UN's own press release about this pact adoption:

"Improving how we measure human progress, going beyond GDP to capturing human and planetary wellbeing and sustainability."
- https://www.un.org/sustainabledevelopment/blog/2024/09/press-release-sotf-2024/

What this means about new measure, I'm not yet sure. Stuff like this, however, is why I'm still optimistic for our long-term future. Somebody's paying attention to the trends with long term thinking.

Comments

[mallorys_camera]

Bhutan uses a Gross National Happiness (GNH) index. 😀

[mellowtigger]

I've mentioned Gini a few times. I had to look up the GNH/GDH. It's amazing that a nation enacted that measure as its "goal of government" in its Constitution. :)