The Left’s furore about GDP is largely a hot-air controversy which echoes some discussions within the liberal elites. If economic growth is regarded as the main indicator of human progress, then if there is no economic growth, there is also no overall progress. But if there is no sign of progress, it becomes much more difficult to justify policy. People want to see that things are getting better, and if things are not getting better, they become skeptical about the authorities. Hence, the search is on for other indicators, which show that there is progress in society nevertheless, or that a certain standard of life is attained, even if there is little economic growth. If the quantities do not support the argument, the focus is shifted to qualities.
J.
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